Broadcom Inc. $AVGO Position Lessened by Procyon Advisors LLC

Procyon Advisors LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,879 shares of the semiconductor manufacturer’s stock after selling 3,046 shares during the quarter. Procyon Advisors LLC’s holdings in Broadcom were worth $9,858,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Broadcom by 1.3% in the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after buying an additional 6,222,802 shares during the last quarter. State Street Corp lifted its stake in Broadcom by 0.5% in the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer’s stock valued at $51,071,601,000 after acquiring an additional 873,963 shares during the last quarter. Geode Capital Management LLC grew its position in Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer’s stock worth $29,827,649,000 after acquiring an additional 2,226,585 shares in the last quarter. Norges Bank acquired a new position in shares of Broadcom during the 2nd quarter worth $18,579,549,000. Finally, Invesco Ltd. raised its holdings in shares of Broadcom by 8.4% during the 2nd quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer’s stock valued at $10,598,641,000 after purchasing an additional 2,978,768 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Citi raised its outlook for Broadcom, citing accelerating AI sales and a $480 price target, reinforcing upside expectations for AVGO. Citi Bullish on Broadcom (AVGO) as Accelerating AI Sales Drive $480 PT
• Positive Sentiment: Wells Fargo upgraded Broadcom to Overweight and flagged stronger 2026 catalysts, adding fresh buy‑side momentum. Wells Fargo Upgrades Broadcom Inc. (AVGO) to Overweight From Equal Weight
• Positive Sentiment: Multiple outlets note broad analyst bullishness on AVGO tied to strong demand for AI chips and the company’s leading market position, supporting consensus upgrades and higher targets. Analysts Bullish on Broadcom (AVGO) Amid Strong AI Chip Outlook
• Positive Sentiment: Sector theme: Zacks and others call Broadcom a “quantum enabler” and position AVGO to benefit from enterprise spending and post‑quantum security demand into 2026. Quantum Enablers Set for 2026 Breakout: AMD, AVGO, TER in Focus
• Positive Sentiment: Analyst pieces and investor commentary (Seeking Alpha, Fool) emphasize Broadcom’s positioning for the next phase of AI infrastructure buildout, reinforcing the long‑term growth narrative. Broadcom Is Built For The Next Phase Of The AI Buildout
• Neutral Sentiment: Street summaries show mixed datapoints: some firms reiterate Buy ratings while one report noted a lower legacy price target from Jefferies, creating both supportive and cautionary signals. What Does the Street Think About Broadcom Inc. (AVGO)?
• Negative Sentiment: Hedge fund veteran Stanley Druckenmiller reportedly sold Broadcom to rotate into another high‑momentum AI name, a headline that can feed short‑term profit‑taking despite the broader buy‑side interest. Stanley Druckenmiller dumps Broadcom for an AI rocket stock up 1,000% since 2025

Broadcom Stock Performance

AVGO opened at $351.71 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average price is $358.85 and its two-hundred day moving average price is $334.69. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 73.89, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61.

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

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a $0.65 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s payout ratio is currently 54.62%.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total value of $10,413,600.00. Following the completion of the sale, the insider owned 210,573 shares in the company, valued at approximately $73,094,099.76. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the completion of the transaction, the director owned 36,602 shares of the company’s stock, valued at $11,900,408.26. This represents a 2.81% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 779,901 shares of company stock worth $284,069,237. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AVGO. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the stock a “buy” rating in a research report on Friday, December 12th. Raymond James Financial set a $420.00 price objective on Broadcom and gave the company an “outperform” rating in a report on Thursday, November 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $475.00 target price (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Truist Financial upped their target price on Broadcom from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Bank of America lifted their price target on shares of Broadcom from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $438.61.

Broadcom Company Profile

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.