Sterling Investment Counsel LLC Boosts Stock Position in Broadcom Inc. $AVGO

Sterling Investment Counsel LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 113.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,137 shares of the semiconductor manufacturer’s stock after buying an additional 2,725 shares during the quarter. Sterling Investment Counsel LLC’s holdings in Broadcom were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVGO. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% in 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 bought a new position in shares of Broadcom during the second quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter worth about $28,000. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom in the second quarter valued at about $28,000. Finally, LGT Financial Advisors LLC bought a new stake in Broadcom in the second quarter valued at about $31,000. Institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: BofA named Broadcom among top chip stocks to “ride the wave,” reinforcing institutional conviction that AVGO will benefit from continued AI and data‑center spending. Nvidia, Broadcom, AMD among BofA’s top chip stocks to ‘ride the wave’
• Positive Sentiment: Product catalyst — Broadcom launched a unified Wi‑Fi 8 platform aimed at enabling seamless AI experiences in homes, which expands addressable markets in connectivity/edge AI and supports future revenue streams. Broadcom Launches Unified Wi-Fi 8 Platform for Seamless AI Experiences in Homes
• Positive Sentiment: Analyst/coverage momentum and inclusion on AI stock watchlists (e.g., Motley Fool) are lifting consensus targets and keep demand steady from growth‑oriented funds — a bullish backdrop for medium‑term upside. 3 Best Artificial Intelligence Stocks to Buy in January
• Positive Sentiment: InsiderTrades/MarketBeat note institutional accumulation continued entering 2026 despite some insider profit‑taking, which supports the view that large holders are positioning for Broadcom’s custom ASIC/GPU growth. The AI Tech Paradox: Insiders Sell, the Case for Buying Gets Stronger (AVGO)
• Neutral Sentiment: Zacks and other outlets flag AVGO as a trending/buy candidate but focus on timing and valuation — useful for investors evaluating entry points but not new fundamental news. Is Trending Stock Broadcom Inc. (AVGO) a Buy Now?
• Neutral Sentiment: Valuation reviews and analyst pieces assessing recent share‑price softness are keeping trading volatile until next earnings/guidance provide clarity; this increases short‑term uncertainty. Broadcom (AVGO): Assessing Valuation After Recent Share Price Softness and Multi‑Year Run
• Negative Sentiment: Seeking Alpha warns the AI hype may not justify current multiples — a direct valuation critique that can amplify downside if revenue/guidance disappoint. Broadcom: The AI Hype Can’t Sustain This Price
• Negative Sentiment: CFO Kirsten Spears sold 30,000 shares (SEC filing), a sizeable insider sale that may create short‑term selling pressure or investor questions about timing, even if described as routine monetization. SEC Form 4 — Kirsten M. Spears

Broadcom Stock Performance

AVGO opened at $343.77 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $361.95 and its 200-day moving average is $329.71. The stock has a market cap of $1.63 trillion, a PE ratio of 72.22, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm 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%.The firm’s revenue was up 28.2% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. On average, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid 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 0.8%. The ex-dividend date was Monday, December 22nd. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Robert W. Baird set a $420.00 price target on Broadcom in a research report on Friday, December 12th. Truist Financial boosted their target price on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Sanford C. Bernstein restated an “outperform” rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Bank of America boosted their price objective on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom presently has a consensus rating of “Buy” and an average price target of $436.89.

Insiders Place Their Bets

In related news, CEO Hock E. Tan sold 100,000 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $345.65, for a total value of $34,565,000.00. Following the completion of the transaction, the chief executive officer owned 495,638 shares in the company, valued at $171,317,274.70. This represents a 16.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer directly owned 277,237 shares in the company, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 680,701 shares of company stock valued at $249,624,757. Corporate insiders own 2.00% of the company’s stock.

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.