Axxcess Wealth Management LLC Sells 4,297 Shares of Broadcom Inc. $AVGO

Axxcess Wealth Management LLC decreased its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 185,809 shares of the semiconductor manufacturer’s stock after selling 4,297 shares during the quarter. Broadcom comprises approximately 1.3% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Axxcess Wealth Management LLC’s holdings in Broadcom were worth $61,300,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom in the 2nd quarter valued at about $27,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom in the second quarter worth approximately $28,000. LGT Financial Advisors LLC acquired a new stake in Broadcom in the second quarter valued at approximately $31,000. New England Capital Financial Advisors LLC bought a new stake in shares of Broadcom during the second quarter valued at approximately $31,000. Finally, JCIC Asset Management Inc. acquired a new position in shares of Broadcom during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom launched and began shipping samples of BroadPeak™, a 5nm radio DFE SoC aimed at 5G Advanced and 6G massive MIMO/RRH deployments; the product claims up to 40% power savings and broad frequency support, which could drive future infrastructure revenue as carriers upgrade for AI-driven traffic. Broadcom Introduces Industry’s First 6G Digital Front-End SoC for Massive MIMO
• Positive Sentiment: Analyst and media bull case: several articles argue AVGO still has upside given a large AI-related backlog (~$73B reported) and hyperscaler spending tailwinds, supporting revenue visibility and high analyst price targets (median ~$450). This underpins the bullish narrative driving buying interest. Broadcom’s US$73b AI Backlog Puts Valuation And Risks In Focus
• Positive Sentiment: Coverage & previews that anticipate stronger FY26 guidance tied to hyperscaler spend (earnings previews / bullish takes) are supporting investor expectations for continued revenue and margin expansion. Broadcom: Expect FY26 Outlook To Reflect Spending Surge By Hyperscalers (Earnings Preview)
• Neutral Sentiment: Short-interest report in the feed shows 0 shares / 0 days-to-cover (likely a data glitch) — does not indicate meaningful new short pressure. Monitor confirmed short-interest filings for a true read. (Data entry flagged internally.)
• Neutral Sentiment: Mixed institutional activity: some hedge funds (Farallon, Woodline) increased stakes while others (D1 Capital, UBS AM large reductions) trimmed positions — points to active rebalancing but no clear one-way institutional signal. D1 Capital Partners LP Cuts Broadcom Inc. Stake Sharply
• Negative Sentiment: Insider selling remains heavy (numerous open‑market sales by executives) — while not unusual for a large-cap, sustained insider sales can worry some investors about near-term sentiment. (Quiver/press aggregation in feed.)
• Negative Sentiment: Valuation and margin concerns are resurfacing in coverage: pieces highlight that the large AI backlog raises valuation and execution risk, and analysts note margin pressure as a possible offset to growth—these stories can trigger profit-taking after AVGO’s multi-year run. Broadcom Stock Isn’t Cheap. Why Bulls Still See Room to Run
• Negative Sentiment: Competitive dynamics: commentary about large customers (e.g., Meta) doubling down on other suppliers (NVIDIA) highlights competitive risk in key AI infrastructure end markets. Nvidia Gets Big Commitment From Meta. What It Means for the Broadcom Threat.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 70,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total transaction of $24,311,000.00. Following the transaction, the chief executive officer owned 132,836 shares of the company’s stock, valued at $46,133,942.80. This represents a 34.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total value of $631,998.40. Following the transaction, the insider owned 23,582 shares of the company’s stock, valued at $7,730,179.60. The trade was a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 779,101 shares of company stock worth $283,804,325 in the last three months. Insiders own 2.00% of the company’s stock.

Broadcom Stock Performance

Shares of Broadcom stock opened at $333.99 on Friday. The business’s fifty day simple moving average is $337.85 and its 200 day simple moving average is $341.22. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The firm has a market capitalization of $1.58 trillion, a P/E ratio of 70.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last announced its 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 analyst estimates of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The business’s revenue was up 28.2% compared to the same quarter last year. During the same period last year, the firm posted $1.42 EPS. As a group, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is 54.62%.

Analyst Ratings Changes

AVGO has been the subject of a number of recent research reports. Barclays restated an “overweight” rating and set a $500.00 price target (up previously from $450.00) on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Broadcom in a research report on Monday, January 5th. TD Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. UBS Group set a $475.00 price objective on Broadcom and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $430.00 price objective (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $433.13.

Broadcom 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.