Broadcom Inc. $AVGO Stock: Fagan Associates Inc. Raises Holdings

Posted by George Bondi on Oct 13th, 2026

Fagan Associates Inc. lifted its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 76.9% in the third quarter, Holdings Channel.com reports. The firm owned 7,015 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,050 shares during the quarter. Fagan Associates Inc.’s holdings in Broadcom were worth $2,464,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AVGO. Networth Advisors LLC lifted its position in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Core Capital Management & Research inc. acquired a new stake in shares of Broadcom during the 2nd quarter valued at $31,000. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom during the 2nd quarter valued at $38,000. IMG Wealth Management Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at $64,000. Finally, Gilpin Wealth Management LLC grew its holdings in shares of Broadcom by 290.2% during the 3rd quarter. Gilpin Wealth Management LLC now owns 199 shares of the semiconductor manufacturer’s stock valued at $70,000 after acquiring an additional 148 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: AI demand and custom-chip growth remain key bullish catalysts. Broadcom’s custom AI accelerators and networking products are supported by multiyear hyperscaler commitments, allowing it to participate in the AI market without competing directly with Nvidia’s general-purpose GPUs. Analysts also argue that Google’s increasing use of internally designed chips could create more demand for Broadcom’s engineering and manufacturing expertise. Broadcom Is Building an AI Business Unlike Nvidia’s Broadcom and Google’s Custom Chips
Positive Sentiment: Management has highlighted continued AI momentum. CEO Hock Tan reportedly raised AI revenue guidance while describing Broadcom’s strategy as focused on disciplined, long-term customer relationships. The company’s VMware HyperArmor launch also expands its infrastructure-software offering by improving protection for VMware Cloud Foundation workloads, potentially supporting recurring software revenue. Broadcom Introduces VMware HyperArmor
Neutral Sentiment: Capital availability is emerging as the principal AI bottleneck. Tan said the limiting factor may be financing data-center construction and infrastructure—not memory chips. This supports Broadcom’s long-term opportunity but also underscores that AI expansion depends on customers’ ability to sustain enormous capital spending. Broadcom CEO Warns of AI Capital Crunch
Negative Sentiment: Tan’s “casino” comments reinforce bubble and valuation fears. His warning that many AI investors do not fully understand their exposure may encourage caution, even though Broadcom itself is benefiting from the spending boom.
Negative Sentiment: Funding and sector risks are weighing on sentiment. Reports about Broadcom’s potential $42 billion financing arrangement tied to Anthropic raise questions about counterparty exposure and leverage. Separately, semiconductor-equipment shares are retreating after a strong year, signaling profit-taking across the AI trade. Broadcom’s $42 Billion Anthropic Financing Bet

Broadcom Stock Up 0.7%

AVGO stock traded up $2.58 during trading hours on Tuesday, hitting $357.31. The company’s stock had a trading volume of 17,229,419 shares, compared to its average volume of 25,002,436. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.71 trillion, a PE ratio of 45.63 and a beta of 1.46. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The stock has a 50 day moving average price of $369.27 and a two-hundred day moving average price of $383.32.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 EPS. On average, equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 33.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AVGO shares. KeyCorp reaffirmed an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a research note on Thursday, September 3rd. Cantor Fitzgerald lifted their price objective on Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada assumed coverage on Broadcom in a research report on Thursday, September 3rd. They set an “outperform” rating for the company. BMO Capital Markets boosted their target price on Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group upped their target price on Broadcom from $525.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Read Our Latest Analysis on Broadcom

Broadcom Profile

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.