Gotham Asset Management 13F: Adds $4.4M to Broadcom (AVGO) Stake
Gotham Asset Management added 11,617 shares of Broadcom, raising its stake to 345,271 shares.
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Gotham Asset Management added 11,617 shares to its stake in Broadcom Inc. ($AVGO), a 3.48% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 345,271 shares worth $129.69 million at the end of the quarter.
Since the filing, $AVGO is down 2.6% after 1 week, down 7.3% after 1 month and down 22.4% to date (from the $423.75 close on May 15, 2026).
Find the original: Gotham Asset Management 13F filings on SEC EDGAR
AVGO
Broadcom Inc.
Key Points
- Gotham Asset Management increased its Broadcom Inc. holdings by 11,617 shares, a 3.48% boost, as of the latest SEC filing.
- Gotham Asset Management held 345,271 $AVGO shares at quarter end, up 3.48% from the prior quarter.
- Broadcom Inc. (NasdaqGS: AVGO) trades near $381.86 with a market cap of $1.82 trillion and a forward P/E of 19.74.
- Analysts largely maintain buy ratings on Broadcom, with price targets ranging from $400 to $580.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Broadcom Inc. alert may contain errors. Disclosures
Gotham Asset Management has increased its holdings in Broadcom Inc. (NasdaqGS: AVGO) by 11,617 shares, bringing its total to 345,271 shares. The value of this stake is approximately $131.8 million, according to the latest Form 13F filing with the SEC. This represents a 3.48% increase from its previous position of 333,654 shares.
What Changed in Gotham Asset Management's Broadcom Position
Gotham Asset Management's recent filing shows it added 11,617 shares of Broadcom, boosting its stake by 3.48% to a total of 345,271 shares. The value of these holdings is now about $131.8 million. This move reflects Gotham's increased confidence in Broadcom's prospects.
Other Institutional Activity in Broadcom
BlackRock, Inc. added 6,049,826 shares to its Broadcom holdings, ending with 385,944,774 shares valued at roughly $119.5 billion. Vanguard Capital Management LLC took a new position with 308,015,865 shares worth about $95.3 billion. State Street Corp increased its stake by 1,295,881 shares, bringing its total to 191,380,232 shares valued at $59.2 billion. FMR LLC also grew its holdings, adding 926,640 shares for a total of 124,112,876 shares valued at $38.4 billion. Meanwhile, Capital World Investors reduced its position by 7,068,689 shares, now holding 116,188,483 shares valued at $35.9 billion.
Broadcom Inc. Stock Up 8.5%
Shares of Broadcom Inc. (NasdaqGS: AVGO) are trading near $381.86. The company has a market cap of approximately $1.82 trillion and a forward P/E ratio of 19.74, indicating growth expectations. Its beta is 1.433, suggesting higher volatility compared to the broader market. The stock's 52-week range has been between $244.17 and $495.00, with a 50-day moving average of $405.08 and a 200-day moving average of $357.68.
Recent Earnings
In its latest earnings report, Broadcom posted revenue of $75.46 billion, with a revenue growth rate of 47.9%. The company's net margin stands at 38.85%, and it reported a return on equity of 37.28%. The next earnings release is scheduled for June 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Broadcom offers an annual dividend rate of $2.60, yielding 0.68%. The dividend payout ratio is 41.26%, indicating a balanced approach to returning capital to shareholders while retaining earnings for growth.
Insider Buying and Selling at Broadcom Inc.
Several insiders at Broadcom made transactions in April 2026. Henry Samueli, Gayla Delly, Diane Bryant, Low Check Kian, and Justine Page each acquired 864 shares. Additionally, Low Check Kian sold 117 shares at an average price of $399.63.
Analysts Set New Price Targets
On June 4, 2026, UBS maintained its buy rating on Broadcom with a price target of $485. B of A Securities and Mizuho also kept buy ratings, setting targets at $530. Oppenheimer set a target of $535, while JP Morgan went higher with $580. Macquarie downgraded the stock to hold with a $437 target. The consensus among analysts is a strong buy, with an average price target of $522.06 based on 45 opinions.
About Broadcom Inc.
Broadcom Inc. is a leading technology company based in Palo Alto, California. It specializes in designing and supplying semiconductor devices and infrastructure software solutions. The company operates through its Semiconductor Solutions and Infrastructure Software segments, catering to various applications in enterprise networking, data centers, and telecommunications. Broadcom is led by CEO Mr. Hock E. Tan and employs around 33,000 people.
Bottom Line
Gotham Asset Management's increase in Broadcom shares signals confidence in the tech company's future. Broadcom continues to draw interest from institutional investors, as seen in the latest 13F filings. With a strong market position and positive analyst ratings, Broadcom remains a key player in the semiconductor industry. Investors keep a close eye on such moves to gauge market sentiment and potential trends.
Related Filing Alerts
Source: Gotham Asset Management's 13F filing on $AVGO (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Gotham Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts