Campbell Newman Asset Management Inc. Has $76.93 Million Stock Position in Broadcom Inc. $AVGO

Campbell Newman Asset Management Inc. lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,169 shares of the semiconductor manufacturer’s stock after selling 18,770 shares during the quarter. Broadcom comprises 5.6% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Campbell Newman Asset Management Inc.’s holdings in Broadcom were worth $76,925,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. State Street Corp grew its holdings in Broadcom by 0.5% in the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock worth $51,071,601,000 after purchasing an additional 873,963 shares during the period. Geode Capital Management LLC increased its stake in Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock valued at $29,827,649,000 after purchasing an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new position in shares of Broadcom during the second quarter valued at about $18,579,549,000. Finally, Invesco Ltd. boosted its position in shares of Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock worth $10,598,641,000 after purchasing an additional 2,978,768 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AVGO shares. Truist Financial upped their price target on Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. KeyCorp restated an “overweight” rating and set a $500.00 price objective (up previously from $460.00) on shares of Broadcom in a report on Friday, December 12th. Evercore ISI lifted their price objective on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Bank of America upped their target price on shares of Broadcom from $460.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, UBS Group set a $475.00 price target on Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $435.57.

Broadcom Price Performance

Broadcom stock opened at $339.89 on Thursday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The company’s 50 day moving average price is $359.19 and its two-hundred day moving average price is $332.62. The stock has a market cap of $1.61 trillion, a P/E ratio of 71.41, a P/E/G ratio of 1.20 and a beta of 1.21. 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 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 the consensus estimate of $17.46 billion. During the same period last year, the business posted $1.42 earnings per share. Broadcom’s revenue was up 28.2% on a year-over-year basis. On average, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.65 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Mizuho raised its price target on AVGO to $480 and kept an Outperform rating — a direct, high-profile analyst upgrade that signals institutional confidence and adds upward pressure on the stock. Mizuho Raises Firm’s PT on Broadcom (AVGO) Stock
• Positive Sentiment: Major banks (Goldman, BofA, Mizuho) have named Broadcom a 2026 “top pick,” with price targets as high as $500 — a consensus of blue‑chip institutional conviction that can draw buy-side flows. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks
• Positive Sentiment: Analysts and research pieces highlight Broadcom’s growing role in custom AI ASICs and XPU customers — positioning the company as a key alternative to Nvidia in bespoke AI hardware, which supports longer-term revenue upside. Should You Forget Nvidia and Buy These 2 Artificial Intelligence (AI) Stocks Instead?
• Positive Sentiment: Bernstein reiterated an Outperform and called competition fears “overblown,” citing Broadcom’s leadership in AI ASIC innovation — a reassuring note that can reduce investor fear around market-share erosion. Bernstein Says AI Competition Fears Around Broadcom (AVGO) Are Overblown
• Neutral Sentiment: Analysts flag an AI-driven supply crunch and custom silicon upside — a double-edged trend: it could lift Broadcom’s order book but also create near-term supply-chain volatility and capex-driven market movement. Broadcom, Marvell In Focus As Semicondcutor Analyst Flags AI-Driven Supply Crunch, Custom Silicon Upside
• Neutral Sentiment: Broadcom showcased new Wi‑Fi products at CES 2026 — positive for product-cycle narrative and diversification, but not an immediate earnings catalyst on its own. Broadcom Inc. (AVGO) Launches new Wi-Fi Products at CES 2026
• Negative Sentiment: Investors remain sensitive to Broadcom’s Dec. 11 earnings margin warning — that report triggered a sell-off and is the main source of downside risk until gross-margin trajectory is visibly stable. Broadcom Earns ‘Top Pick’ Status From Wall Street’s Biggest Banks

Insider Buying and Selling at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares in the company, valued at $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at approximately $96,428,573.34. The trade was a 9.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 779,901 shares of company stock valued at $284,069,237 in the last three months. 2.00% of the stock is owned by corporate insiders.

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.