Procyon Advisors LLC Sells 3,046 Shares of Broadcom Inc. $AVGO

Procyon Advisors LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 9.3% in the 3rd quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, insider Mark David Brazeal sold 38,281 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $327.65, for a total transaction of $12,542,769.65. Following the completion of the transaction, the insider owned 266,494 shares in the company, valued at approximately $87,316,759.10. The trade was a 12.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the completion of the sale, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at $96,428,573.34. The trade was a 9.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 779,901 shares of company stock worth $284,069,237 over the last quarter. 2.00% of the stock is owned by insiders.

Key Stories Impacting 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

Wall Street Analyst Weigh In

AVGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Truist Financial lifted their price target on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of Broadcom in a research note on Thursday. Finally, Royal Bank Of Canada began coverage on shares of Broadcom in a research note on Wednesday, January 14th. They issued a “sector perform” rating and a $370.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus target price of $438.61.

Broadcom Stock Up 2.5%

NASDAQ: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. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The stock’s fifty day simple moving average is $358.85 and its 200-day simple moving average is $334.69. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 73.89, a P/E/G ratio of 1.17 and a beta of 1.21.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 EPS for the quarter, beating 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 business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The firm’s revenue was up 28.2% on a year-over-year basis. Equities research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

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

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.