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

Miracle Mile Advisors LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,310 shares of the semiconductor manufacturer’s stock after purchasing 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.

Several other hedge funds also recently made changes to their positions in AVGO. Heritage Oak Wealth Advisors LLC grew its position in Broadcom by 4.4% during the third quarter. Heritage Oak Wealth Advisors LLC now owns 837 shares of the semiconductor manufacturer’s stock worth $276,000 after buying an additional 35 shares in the last quarter. Nicholas Wealth LLC. lifted its position in shares of Broadcom by 7.2% during the 3rd quarter. Nicholas Wealth LLC. now owns 8,934 shares of the semiconductor manufacturer’s stock valued at $2,947,000 after acquiring an additional 602 shares during the period. Masso Torrence Wealth Management Inc. grew its holdings in shares of Broadcom by 1.4% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 26,066 shares of the semiconductor manufacturer’s stock worth $8,600,000 after purchasing an additional 352 shares in the last quarter. Chris Bulman Inc increased its position in shares of Broadcom by 22.9% in the third quarter. Chris Bulman Inc now owns 903 shares of the semiconductor manufacturer’s stock worth $298,000 after purchasing an additional 168 shares during the period. Finally, Shum Financial Group Inc. bought a new position in shares of Broadcom in the third quarter worth $551,000. 76.43% of the stock is owned by institutional investors.

Broadcom Stock Performance

Shares of Broadcom stock opened at $347.62 on Monday. The company’s 50 day moving average price is $362.90 and its two-hundred day moving average price is $328.40. The firm has a market capitalization of $1.65 trillion, a P/E ratio of 73.03, a P/E/G ratio of 1.17 and a beta of 1.21. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $17.46 billion. During the same period in the prior year, the company earned $1.42 EPS. Broadcom’s revenue was up 28.2% compared to the same quarter last year. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

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

Insider Activity

In other news, insider Charlie B. Kawwas sold 1,928 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total transaction of $631,998.40. Following the sale, the insider directly owned 23,582 shares in the company, valued at approximately $7,730,179.60. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 3,714 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 650,701 shares of company stock valued at $239,190,157. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVGO. Mizuho upped their price objective on shares of Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Benchmark upped their price target on shares of Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a 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 research note on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Citigroup reaffirmed a “buy” rating and issued a $480.00 target price (up previously from $415.00) on shares of Broadcom in a report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $436.33.

Key Stores Impacting Broadcom

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

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.