James Hambro Adds to Broadcom Holdings in Q3
James Hambro & Partners increased its Broadcom stake by 3.0% in the third quarter, adding 7,523 shares to reach 261,554 shares worth approximately $91.8 million. Broadcom reported EPS of $3.32, ahead of the $3.22 consensus, while revenue climbed 85.5% year over year to $29.59 billion. Analysts maintained a Moderate Buy consensus with an average price target of $527.20.
James Hambro & Partners lifted its Broadcom stake by 3.0% in Q3, adding 7,523 shares for a total of 261,554. The position was valued at about $91.85 million and represented roughly 3.2% of the firm’s portfolio, its 15th-largest holding. Institutions hold 76.43% of Broadcom.
Broadcom’s quarterly EPS came in at $3.32, beating the $3.22 consensus, while revenue reached $29.59 billion versus $29.24 billion expected. The stock traded at $334.37, under both its 50-day and 200-day averages and far below its $495.00 52-week high. Analysts still had a Moderate Buy consensus and a $527.20 average target.
The stake increase may signal continued institutional confidence in a major chipmaker, which could affect pension funds, mutual-fund investors, and savers with indirect exposure. Broadcom’s results and dividend may influence income-oriented portfolios, while its semiconductor role means demand trends could ripple to suppliers and tech workers. Because the stock sits below key averages despite bullish targets, mixed signals may shape retail sentiment and short-term market volatility.