Peak6 Reduces $94M in Broadcom Inc. ($AVGO)

Peak6 has made a significant reduction in its holdings of Broadcom Inc. (NasdaqGS: AVGO), as revealed in its latest Form 13F filing with the SEC. The firm cut its position by 98%, selling off 228,463 shares. This leaves Peak6 with 4,459 shares valued at about $1.76 million as of the end of the reporting period.

What Changed in Peak6's Broadcom Position

Peak6 drastically reduced its stake in Broadcom, going from 232,922 shares down to just 4,459 shares. This change represents a decrease of 98%, as the firm shed a substantial number of shares. The remaining shares are now valued at approximately $1.76 million.

Other Institutional Activity in Broadcom

Several other major institutional investors also adjusted their positions in Broadcom. BlackRock, Inc. increased its holdings by 6,049,826 shares, bringing its total to 385,944,774 shares worth roughly $119.45 billion. Vanguard Capital Management LLC now holds 308,015,865 shares valued at about $95.33 billion. State Street Corp added 1,295,881 shares, ending with 191,380,232 shares worth $59.23 billion. Meanwhile, FMR LLC boosted its stake by 926,640 shares to hold 124,112,876 shares valued at $38.41 billion. On the other hand, Capital World Investors reduced its position by 7,068,689 shares, resulting in a total of 116,188,483 shares valued at $35.96 billion.

Broadcom Inc. Stock Up 4.7%

Shares of Broadcom Inc. (NasdaqGS: AVGO) traded near $393.94. The company boasts a market capitalization of approximately $1.79 trillion, with a P/E ratio of 62.47 and a forward P/E of 19.47. Broadcom's stock has a 52-week low of $244.17 and a high of $495.00. The stock's 50-day moving average stands at $409.28, while the 200-day moving average is $358.91. The company maintains a current ratio of 2.24 and a quick ratio of 1.93, with a debt-to-equity ratio of 74.02.

Recent Earnings

Broadcom reported revenue of $75.46 billion, with a revenue growth rate of 47.9%. The company achieved a net margin of 38.85% and a return on equity of 37.28%. Earnings per share were $6.03. The next earnings report is expected on September 3, 2026.

Dividend

Broadcom Inc. offers an annual dividend rate of $2.60, yielding 0.69%. The dividend payout ratio is 41.26%.

Insider Buying and Selling at Broadcom Inc.

Recent insider activity at Broadcom includes several purchases. On June 11, 2026, Harry You acquired 1,000 shares at an average price of $373.57. In April, Henry Samueli, Gayla Delly, Diane Bryant, Low Check Kian, and Justine Page each purchased 864 shares.

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 both set targets at $530, while Oppenheimer aimed slightly higher at $535. Macquarie downgraded the stock to hold with a target of $437. JP Morgan, Jefferies, and DA Davidson maintained their ratings, with targets ranging from $400 to $580. Overall, analysts maintain a strong buy consensus with a mean target price of $522.06.

About Broadcom Inc.

Broadcom Inc. is a technology company based in Palo Alto, California. It designs and supplies semiconductor devices and infrastructure software solutions globally. Broadcom operates through two main segments: Semiconductor Solutions and Infrastructure Software. The company offers a range of products including networking connectivity, wireless device connectivity, server and storage solutions, and broadband solutions. It also provides enterprise software and cybersecurity solutions. Broadcom was founded in 1961 and employs about 33,000 people.

Bottom Line

Peak6's drastic reduction in its Broadcom holdings is a notable move in the firm's portfolio management. Such 13F filings provide investors with insights into institutional sentiment, although they are backward-looking and may not reflect current positions. Investors often track these filings to gauge institutional confidence in a company's prospects.