CHICAGO TRUST Co NA Boosts Stock Position in Broadcom Inc. $AVGO

CHICAGO TRUST Co NA raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,908 shares of the semiconductor manufacturer’s stock after buying an additional 3,047 shares during the quarter. Broadcom comprises about 1.2% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 17th biggest holding. CHICAGO TRUST Co NA’s holdings in Broadcom were worth $8,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AVGO. Diversified Enterprises LLC raised its position in shares of Broadcom by 1.4% in the 3rd quarter. Diversified Enterprises LLC now owns 7,855 shares of the semiconductor manufacturer’s stock worth $2,591,000 after purchasing an additional 111 shares during the last quarter. Navigoe LLC increased its stake in Broadcom by 515.0% during the 3rd quarter. Navigoe LLC now owns 123 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 103 shares in the last quarter. Warburton Capital Management LLC raised its holdings in Broadcom by 5.0% in the third quarter. Warburton Capital Management LLC now owns 1,057 shares of the semiconductor manufacturer’s stock worth $352,000 after buying an additional 50 shares during the last quarter. Charles Schwab Trust Co lifted its stake in shares of Broadcom by 1.4% in the third quarter. Charles Schwab Trust Co now owns 26,513 shares of the semiconductor manufacturer’s stock worth $8,747,000 after buying an additional 375 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Broadcom by 29.2% during the third quarter. Sound Income Strategies LLC now owns 5,562 shares of the semiconductor manufacturer’s stock valued at $1,919,000 after buying an additional 1,258 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Key Stores Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510, adding to recent upward revisions that bolster buy-side momentum and give institutional investors cover to add shares. Read More.
• Positive Sentiment: Strong AI growth thesis: reports highlight management guidance and analyst estimates showing very large AI revenue and FCF expansion (Seeking Alpha notes >150% AI revenue and ~60% FCF growth for FY2026), supporting higher valuation multiples if delivered. Read More.
• Positive Sentiment: Market narrative shift to backlog/supply wins: commentary says investors are re‑rating AVGO on its ability to convert a reported ~$73B AI order book into durable revenue rather than focusing only on near‑term margins. Read More.
• Positive Sentiment: Dividend increase signals strong cash flow and may attract income investors; the higher payout also complements the growth narrative. Read More.
• Positive Sentiment: Insider buy: director Harry L. You purchased 1,000 shares (~$325k), a modest but helpful signal of insider conviction amid mixed insider activity. Read More.
• Neutral Sentiment: Deep-dive pieces on international revenue mix and options/flow activity are informative for modeling revenue exposure and short-term volatility but are not immediate fundamentals changes. Read More.
• Neutral Sentiment: Social-media and forum chatter (Quiver/other aggregators) show mixed reactions — heavy bullish posts on AI revenue are balanced by debate over non‑AI flatness; this amplifies intraday moves but is an unreliable signal for fundamentals. Read More.
• Negative Sentiment: Large insider sale: CEO Hock E. Tan sold 130,000 shares (~$42.4M), materially reducing his stake — a move that can spook investors and weighs on sentiment despite other buys. Read More.
• Negative Sentiment: Multiple other insider sales and recent selling by some senior officers amplify the negative signal from insider transactions. Read More.
• Negative Sentiment: Post‑earnings pullback and valuation concerns: AVGO is down materially since the Dec. 11 results (~19% noted) and outlets like Barron’s flag potential overvaluation, which could cap upside if AI growth expectations moderate. Read More. Read More.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Macquarie assumed coverage on shares of Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 price objective for the company. Rosenblatt Securities boosted their price target on Broadcom from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Evercore ISI lifted their price objective on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $475.00 target price (up previously from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Three 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 company. Based on data from MarketBeat, Broadcom has an average rating of “Buy” and a consensus price target of $436.33.

Insider Activity

In related news, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the purchase, the director directly owned 36,602 shares of the company’s stock, valued at approximately $11,900,408.26. This trade represents a 2.81% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 38,281 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the transaction, the insider directly owned 266,494 shares in the company, valued at approximately $87,316,759.10. This represents a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 524,780 shares of company stock worth $195,499,150. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Up 2.3%

AVGO stock opened at $349.32 on Wednesday. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 73.39, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The business’s 50-day moving average is $362.78 and its two-hundred day moving average is $322.82. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61.

Broadcom (NASDAQ:AVGO) last released its quarterly 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 during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

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

About Broadcom

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.