Ascent Group LLC Buys 14,879 Shares of Broadcom Inc. $AVGO

Ascent Group LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 22.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 79,966 shares of the semiconductor manufacturer’s stock after buying an additional 14,879 shares during the quarter. Broadcom makes up about 0.9% of Ascent Group LLC’s holdings, making the stock its 22nd largest holding. Ascent Group LLC’s holdings in Broadcom were worth $26,382,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after buying an additional 756 shares in the last quarter. United Bank raised its holdings in Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after acquiring an additional 1,014 shares during the period. New England Asset Management Inc. raised its holdings in Broadcom by 0.6% during the first quarter. New England Asset Management Inc. now owns 17,660 shares of the semiconductor manufacturer’s stock valued at $2,957,000 after acquiring an additional 105 shares during the period. Finally, Plancorp LLC lifted its position in shares of Broadcom by 31.7% in the first quarter. Plancorp LLC now owns 10,791 shares of the semiconductor manufacturer’s stock valued at $1,807,000 after acquiring an additional 2,598 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 0.4%

Shares of NASDAQ AVGO opened at $347.62 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The firm’s 50-day moving average price is $362.90 and its 200-day moving average price is $327.86. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 73.03, a P/E/G ratio of 1.18 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is presently 54.62%.

Analyst Ratings Changes

Several analysts recently issued reports on AVGO shares. Piper Sandler reiterated an “overweight” rating and set a $430.00 target price (up previously from $375.00) on shares of Broadcom in a research report on Friday, December 12th. UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. Evercore ISI boosted their target price on shares of Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Broadcom from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Oppenheimer lifted their price target on shares of Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $436.33.

Insider Activity at Broadcom

In other news, Director Harry L. You acquired 1,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was bought at an average cost of $325.13 per share, with a total value of $325,130.00. Following the completion of the purchase, the director directly owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 3,714 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total transaction of $1,217,412.06. Following the transaction, the chief financial officer owned 307,237 shares in the company, valued at $100,709,216.23. This trade represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 650,701 shares of company stock worth $239,190,157 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Coverage highlights Broadcom as a key beneficiary of the AI networking upgrade cycle — the company reportedly has roughly $20 billion of non‑accelerator AI backlog, supporting revenue visibility for networking products. The Market May Be Underestimating This AI Trend, and These Stocks Are Set to Benefit
• Positive Sentiment: Social-media and market chatter emphasize a much larger AI order backlog (reported as ~$73 billion in some summaries), fueling optimism that Broadcom will capture sustained demand for AI infrastructure. This narrative is a major near‑term sentiment driver. Broadcom Inc. Stock (AVGO) Opinions on AI Backlog and Earnings Guidance
• Positive Sentiment: Zacks Research materially raised EPS forecasts across 2026–2028 (large lift to quarterly and full‑year estimates), implying analysts expect stronger future profitability — a catalyst for multiple expansion if results follow. Zacks Research earnings revisions (via MarketBeat)
• Positive Sentiment: Benchmark and other sell‑side firms have recently increased price targets on AVGO amid AI chip and infrastructure growth expectations, providing additional analyst support for the stock. Benchmark boosts Broadcom’s (AVGO) price target amid AI chip growth
• Neutral Sentiment: Market context: tech-led rally to start 2026 has buoyed large-cap AI and semiconductor names, helping AVGO alongside peers — broader macro (Fed path, jobs data) remains the bigger swing factor. MarketBeat Week in Review – 12/29 – 01/02 (AVGO)
• Neutral Sentiment: Industry note: Barron’s frames 2026 as a competitive year among Nvidia, AMD and Broadcom in AI chips and infrastructure — outcomes will influence market share and margin trajectories but are forward‑looking. Nvidia, AMD and Broadcom Are Facing Off. How the 2026 AI Chips Battle Is Shaping Up.
• Negative Sentiment: Valuation and rating pressure: Seeking Alpha published a piece arguing Broadcom is “expensive,” and some readers/analysts question whether current prices already price in optimistic AI outcomes — a risk if execution or timing lags. Broadcom: ‘Expensive’ Understates It (Rating Downgrade)
• Negative Sentiment: Insider selling has been prominent in recent weeks (multiple executive sales reported, including sizable blocks), which markets often interpret as a near‑term negative signal on sentiment even when sales may be routine. Insider Selling: Broadcom (NASDAQ:AVGO) Insider Sells $9,126,006.47 in Stock

Broadcom Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.