Miracle Mile Advisors LLC Has $30.45 Million Position in Broadcom Inc. $AVGO

Miracle Mile Advisors LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 9.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 92,310 shares of the semiconductor manufacturer’s stock after buying an additional 8,296 shares during the period. Miracle Mile Advisors LLC’s holdings in Broadcom were worth $30,454,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVGO. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom during the second quarter worth $27,000. Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter worth $28,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom during the second quarter worth $28,000. Finally, LGT Financial Advisors LLC acquired a new position in Broadcom in the second quarter valued at $31,000. 76.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Citigroup restated a “buy” rating and set a $480.00 target price (up previously from $415.00) on shares of Broadcom in a research report on Friday, December 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Truist Financial increased their price target on Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $436.33.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is highlighted as a primary beneficiary of the AI networking upgrade cycle; the company has sizable AI-related backlog (Fool cites roughly $20B of non-accelerator AI backlog), which supports persistent revenue visibility for networking products. The Market May Be Underestimating This AI Trend
• Positive Sentiment: Wall Street bullishness: several analysts see meaningful upside for AVGO (some commentary points to >30% upside), and recent consensus price targets sit well above the current price — supportive for medium‑term upside if execution continues. Is Broadcom stock a buy for 2026? Analysts predict over 30% upside
• Positive Sentiment: Analyst model upgrades: Zacks and other research teams have raised multi‑year EPS forecasts materially (FY2026–FY2028 EPS were lifted), implying higher earnings growth that could justify a richer multiple if realized.
• Neutral Sentiment: Social and market chatter is mixed: summaries note a reported $73B AI order backlog cited in social posts (large but sometimes conflated across categories) while also flagging disappointment with parts of recent guidance — this keeps sentiment volatile. Broadcom Inc. Stock (AVGO) Opinions on AI Backlog and Earnings Guidance
• Neutral Sentiment: Macro/market context: MarketBeat notes a tech‑led start to 2026 — favorable for AVGO — but warns Fed policy and upcoming macro data could swing sentiment. MarketBeat Week in Review – 12/29 – 01/02
• Negative Sentiment: Valuation and re‑rating risk: Yahoo Finance discusses a re‑assessment of valuation after a multi‑year run and recent share softness — with AVGO trading at a premium multiple, expectations are already high and could cap near‑term gains if growth or guidance slips. Broadcom (AVGO): Assessing Valuation After Recent Share Price Softness and Multi‑Year Run

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $345.65, for a total transaction of $34,565,000.00. Following the completion of the sale, the chief executive officer directly owned 495,638 shares of the company’s stock, valued at approximately $171,317,274.70. The trade was a 16.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 3,714 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $327.79, for a total value of $1,217,412.06. Following the completion of the sale, the chief financial officer directly owned 307,237 shares of the company’s stock, valued at approximately $100,709,216.23. This trade represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 650,701 shares of company stock valued at $239,190,157 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Up 0.4%

NASDAQ AVGO opened at $347.62 on Monday. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 73.03, a P/E/G ratio of 1.17 and a beta of 1.21. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The business has a 50 day moving average price of $362.90 and a 200-day moving average price of $328.40. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

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

Broadcom Company 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.