12 Stocks Most Bought by Hedge Funds in Q1 2026

8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 173

Broadcom Inc. (NASDAQ:AVGO) ranks among stocks most bought by hedge funds in Q1 2026. On May 28, Susquehanna analyst Christopher Rolland increased the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) from $450 to $490 and maintained a Positive rating on the stock.

The research firm updated its model ahead of the company’s fiscal second-quarter 2026 financial results. Susquehanna expects custom XPU momentum to continue amidst TPU strength. Demand for Broadcom Inc.’s (NASDAQ:AVGO) AI networking products is also expected to grow.

However, Susquehanna noted that the company’s initial TPU shipments to Anthropic no longer include racks. As a result, the firm reduced its forecast for Broadcom Inc.’s (NASDAQ:AVGO) custom XPU revenue for calendar year 2026. The company is scheduled to announce its fiscal second-quarter 2026 financial results and business outlook on June 3, 2026.

Earlier, on May 18, UBS also increased its price target on Broadcom Inc. (NASDAQ:AVGO) from $475 to $490 while keeping a Buy rating.

UBS updated its estimates after changes were made to Broadcom Inc.’s (NASDAQ:AVGO) Anthropic order, which shifted from full racks to a more standard ASIC arrangement. While the revised arrangement represents about 25% of the revenue that had originally been expected, it is expected to generate much higher margins.

Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company that designs, develops, and supplies a wide range of semiconductor, enterprise software, and security solutions.

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