James Hambro & Partners 13F: Adds $2.6M to Broadcom (AVGO) Stake
Key Points
- James Hambro & Partners added 7,523 shares of Broadcom Inc. (AVGO) to lift its holdings to 261,554 shares, according to an SEC filing on October 19, 2026.
- Broadcom shares recently traded near $334.60, sitting below their 50-day and 200-day moving averages as the company heads toward its next earnings report on December 9, 2026.
- Several Wall Street firms recently updated their targets for the chipmaker, with a consensus strong buy rating and a mean target of $527.59.
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James Hambro & Partners boosted its stake in Broadcom Inc. (AVGO) by 2.96% during the quarter, adding 7,523 shares to finish with 261,554 shares. The filing, made public on October 19, 2026, values the fund's total holding at about $91.8 million.
AVGO
Broadcom Inc.
What Changed in James Hambro & Partners's Broadcom Position
The institutional investor grew its position from 254,031 shares previously to 261,5,54 shares. The modest increase reflects a continued presence in the semiconductor giant, building on prior holdings without opening a brand-new position or exiting the stock.
Broadcom Inc. Stock Up 1.8%
Broadcom shares recently traded around $334.60, roughly even with the $334.59 close on the filing date. The stock has experienced a pullback, sitting about 8.0% below its 50-day moving average of $363.86 and roughly 32.4% below its 52-week high of $495.00. Even with the recent dip, the shares remain well above their 52-week low of $289.96.
Recent Earnings
Broadcom reported $89.1 billion in trailing twelve-month revenue alongside earnings of $7.83 per share. The company posted a net profit margin of 42.9% and a return on equity of 44.2%. Its next quarterly earnings report is scheduled for December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
The semiconductor firm pays an annual dividend rate of $2.60 per share, yielding 0.78% based on recent prices. The payout ratio sits at 32.4%, leaving room for the company to return cash to shareholders while reinvesting in its business.
Insider Buying and Selling at Broadcom Inc.
Several company insiders completed stock sales in the months leading up to the filing. Director Justine F. Page sold 1,602 shares on June 29, 2026, at an average price of $373.86 for a total of $598,916. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19, and another 25,000 shares on July 10, 2026, at $401.33. Director Gayla J. Delly also sold 1,890 shares on July 8, 2026, at $385.38.
Analysts Set New Price Targets
Wall Street firms have remained largely positive on the chip designer. On September 3, 2026, Macquarie upgraded the stock to an outperform rating with a $490.00 price target. Raymond James maintained its outperform rating and raised its target to $475.00 on the same day. Citigroup maintained a buy rating on September 4, 2026, lifting its target to $515.00, while DA Davidson kept a neutral rating with a lowered target of $350.00. Piper Sandler initiated coverage on September 10, 2026, with an overweight rating and a $460.00 target. Broadcom currently holds a consensus strong buy rating from 47 analysts, with a mean price target of $527.59.
About Broadcom
Broadcom Inc. designs, builds, and supplies a wide array of semiconductor devices and infrastructure software. Its technology helps power networking, data centers, and telecommunications equipment globally. The company operates through two core segments focused on semiconductor solutions and enterprise software.
Bottom Line
James Hambro & Partners's modest addition shows steady institutional interest in the chipmaker despite its recent trading below key moving averages. Investors will look toward the upcoming December earnings report for fresh details on revenue growth and software segment performance.
Related Filing Alerts
Source: James Hambro & Partners's 13F filing on $AVGO (Oct 19, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts