Sumitomo Mitsui DS Asset Management Company 13F: Adds $7.3M to AVGO Stake

Sumitomo Mitsui DS Asset Management Company boosted its holdings in Broadcom Inc. AVGO by 20,893 shares during the quarter, bringing its total investment to 777,092 shares. The position carried a reported value of about $272.9 million at the time of the filing. The firm disclosed the trade in a Form 13F filed with the Securities and Exchange Commission on October 20, 2026. Broadcom closed at $334.37 on the day of the filing.

AVGO Broadcom Inc.

$334.37 ▼ -3.28% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Sumitomo Mitsui DS Asset Management Company's Broadcom Inc. Position

The asset manager grew its stake by 2.8% compared to the previous quarter, adding to the 756,199 shares it held previously. The increase expands the firm's exposure to the semiconductor manufacturer as institutional investors adjust their portfolios ahead of the company's winter earnings cycle.

Broadcom Inc. Stock Up 1.8%

Broadcom shares recently traded around $334.51 as of October 21, 2026, putting the price about equal to its close on the filing date. The stock sits about 32.4% below its 52-week high of $495.00 and roughly 15.4% above its 52-week low of $289.96. The shares are currently trading below both their 50-day and 200-day moving averages. Broadcom carries a market capitalization of roughly $1.6 trillion and a price-to-earnings ratio of 42.7.

Recent Earnings

Broadcom reported $89.1 billion in trailing-twelve-month revenue alongside earnings of $7.83 per share. The business generated a net profit margin of 42.9% and posted a return on equity of 44.2%. Year-over-year revenue growth reached 85.5%. The company's next quarterly financial results are scheduled for release on December 9, 2026.

Dividend

The company pays an annual dividend rate of $2.60 per share, giving it a dividend yield of 0.78%. Broadcom distributes 32.4% of its earnings to shareholders through dividends.

Insider Buying and Selling at Broadcom Inc.

Company insiders completed several stock sales prior to the filing. On June 29, 2026, Director Justine F. Page sold 1,602 shares at an average price of $373.86, totaling $598,916. On July 8, 2026, Director Gayla J. Delly sold 1,890 shares at $385.38 each for a total of $728,368. On the same day, officer Mark David Brazeal sold 25,000 shares at $379.19 for $9.48 million. Mr. Brazeal executed another sale of 25,000 shares on July 10, 2026, at $401.33 per share, bringing in $10.03 million.

Analysts Set New Price Targets

Wall Street firms updated their views on Broadcom leading up to the fall. On September 3, 2026, Macquarie upgraded the stock to an outperform rating with a $490.00 price target. On the same day, Raymond James maintained its outperform rating while lifting its target to $475.00 from $450.00. Citigroup maintained a buy rating on September 4, 2026, raising its target to $515.00 from $500.00, while DA Davidson maintained a neutral rating and lowered its target to $350.00 from $400.00. Piper Sandler initiated coverage on September 10, 2026, with an overweight rating and a $460.00 price target. Broadcom holds a consensus strong buy rating from analysts, with a mean price target of $527.59 across 47 opinions.

About Broadcom Inc.

Broadcom Inc. designs, builds, and supplies a wide array of semiconductor devices and infrastructure software products used around the globe. The company operates through two main segments focused on semiconductor solutions and enterprise infrastructure software. Headquartered in Palo Alto, California, the firm serves customers across telecommunications, data centers, and networking industries.

Bottom Line

Sumitomo Mitsui DS Asset Management's increased stake shows continued institutional interest in Broadcom. Investors will watch for the company's next earnings report on December 9, 2026, to gauge ongoing revenue and profit growth.