Annex Advisory Services LLC Has $68.77 Million Stake in Broadcom Inc. $AVGO

Annex Advisory Services LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,455 shares of the semiconductor manufacturer’s stock after selling 2,534 shares during the period. Broadcom makes up approximately 1.5% of Annex Advisory Services LLC’s investment portfolio, making the stock its 20th biggest position. Annex Advisory Services LLC’s holdings in Broadcom were worth $68,771,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arthur M. Cohen & Associates LLC increased its position in shares of Broadcom by 0.6% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after purchasing an additional 30 shares during the period. McHugh Group LLC increased its holdings in Broadcom by 0.4% in the 3rd quarter. McHugh Group LLC now owns 8,433 shares of the semiconductor manufacturer’s stock valued at $2,782,000 after buying an additional 31 shares during the period. Redwood Financial Network Corp lifted its holdings in shares of Broadcom by 1.7% during the 2nd quarter. Redwood Financial Network Corp now owns 1,939 shares of the semiconductor manufacturer’s stock worth $535,000 after acquiring an additional 33 shares during the period. BancFirst Trust & Investment Management boosted its position in shares of Broadcom by 2.9% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,235 shares of the semiconductor manufacturer’s stock worth $405,000 after acquiring an additional 35 shares in the last quarter. Finally, Sawyer & Company Inc increased its stake in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is benefiting from outsized AI/data‑center demand; its custom AI accelerators are gaining customers (report cites Anthropic placing very large orders), supporting revenue visibility for 2026. This Super Semiconductor Stock Crushed Nvidia in 2025
• Positive Sentiment: Macro/sector pieces argue NVIDIA’s current demand is a follow‑on opportunity for Broadcom (networking, switches, interconnect), reinforcing the company’s long‑term TAM exposure to hyperscaler AI buildouts. Bristol Gate US equity strategy
• Positive Sentiment: Industry performance and prior quarter results (strong revenue beat, high margins, recent dividend raise) underpin analyst bullishness and higher price targets, which can support the stock despite short‑term noise. MarketBeat AVGO profile
• Neutral Sentiment: Market commentary highlights tech stocks attempting a New‑Year rally; sentiment is mixed and broad market moves may drive short‑term AVGO volatility rather than company‑specific news. NVDA, INTC and AVGO Forecast
• Neutral Sentiment: A comparative/small‑cap contrast piece mentions Broadcom but offers little incremental company‑specific catalyst — useful context but limited market impact. Contrasting Broadcom & Sono-Tek
• Negative Sentiment: Large insider selling: CEO Hock E. Tan and other executives have sold material positions (including a recent ~$34.6M reported sale and a 100,000‑share filing), which is weighing on sentiment and can pressure the stock even if some sales are for tax/diversification. Hock E Tan Takes Money Off The Table
• Negative Sentiment: Coverage noting Broadcom’s AI momentum also flags margin and competitive risks; post‑earnings questions about non‑AI guidance and gross margins continue to cap near‑term upside. Broadcom’s AI Momentum Vs. Margin Risks
• Negative Sentiment: Forbes and other analysts raise the possibility of a pullback — framing the debate over valuation (high P/E) and near‑term execution risks, which can reinforce selling pressure. Is Broadcom Stock Going To Weaken?

Broadcom Stock Down 1.1%

Shares of NASDAQ AVGO opened at $346.10 on Friday. The company has a 50 day simple moving average of $363.03 and a 200 day simple moving average of $326.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The firm has a market cap of $1.64 trillion, a PE ratio of 72.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The business also recently announced 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 of this dividend was Monday, December 22nd. This represents a $2.60 annualized dividend and a yield of 0.8%. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is 54.62%.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 320,316 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $400.53, for a total value of $128,296,167.48. Following the sale, the director owned 37,326,540 shares in the company, valued at approximately $14,950,399,066.20. The trade was a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark David Brazeal sold 38,281 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total value of $12,542,769.65. Following the completion of the sale, the insider directly owned 266,494 shares of the company’s stock, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 650,701 shares of company stock worth $239,190,157. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AVGO. Mizuho upped their target price on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Evercore ISI raised their price objective on Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Oppenheimer lifted their target price on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Macquarie began coverage on Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 target price for the company. Finally, TD Cowen increased their target price on shares of Broadcom from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Buy” and an average price target of $436.33.

About Broadcom

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.