Hixon Zuercher LLC Purchases 1,531 Shares of Broadcom Inc. $AVGO

Hixon Zuercher LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 17.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,459 shares of the semiconductor manufacturer’s stock after buying an additional 1,531 shares during the quarter. Hixon Zuercher LLC’s holdings in Broadcom were worth $3,451,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AVGO. Norges Bank purchased a new stake in shares of Broadcom during the second quarter worth about $18,579,549,000. Vanguard Group Inc. boosted its stake in Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. Edgewood Management LLC purchased a new stake in Broadcom during the 2nd quarter valued at approximately $1,571,438,000. Alliancebernstein L.P. raised its position in shares of Broadcom by 16.0% during the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after buying an additional 4,077,910 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Broadcom by 115.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer’s stock worth $1,658,680,000 after buying an additional 3,224,739 shares in the last quarter. Hedge funds and other 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: Truist raised its price target to $510, adding to recent upward revisions that bolster buy-side momentum and give institutional investors cover to add shares. Read More.
• Positive Sentiment: Strong AI growth thesis: reports highlight management guidance and analyst estimates showing very large AI revenue and FCF expansion (Seeking Alpha notes >150% AI revenue and ~60% FCF growth for FY2026), supporting higher valuation multiples if delivered. Read More.
• Positive Sentiment: Market narrative shift to backlog/supply wins: commentary says investors are re‑rating AVGO on its ability to convert a reported ~$73B AI order book into durable revenue rather than focusing only on near‑term margins. Read More.
• Positive Sentiment: Dividend increase signals strong cash flow and may attract income investors; the higher payout also complements the growth narrative. Read More.
• Positive Sentiment: Insider buy: director Harry L. You purchased 1,000 shares (~$325k), a modest but helpful signal of insider conviction amid mixed insider activity. Read More.
• Neutral Sentiment: Deep-dive pieces on international revenue mix and options/flow activity are informative for modeling revenue exposure and short-term volatility but are not immediate fundamentals changes. Read More.
• Neutral Sentiment: Social-media and forum chatter (Quiver/other aggregators) show mixed reactions — heavy bullish posts on AI revenue are balanced by debate over non‑AI flatness; this amplifies intraday moves but is an unreliable signal for fundamentals. Read More.
• Negative Sentiment: Large insider sale: CEO Hock E. Tan sold 130,000 shares (~$42.4M), materially reducing his stake — a move that can spook investors and weighs on sentiment despite other buys. Read More.
• Negative Sentiment: Multiple other insider sales and recent selling by some senior officers amplify the negative signal from insider transactions. Read More.
• Negative Sentiment: Post‑earnings pullback and valuation concerns: AVGO is down materially since the Dec. 11 results (~19% noted) and outlets like Barron’s flag potential overvaluation, which could cap upside if AI growth expectations moderate. Read More. Read More.

Insiders Place Their Bets

In other news, CFO Kirsten M. Spears sold 3,714 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total value of $1,217,412.06. Following the sale, the chief financial officer owned 307,237 shares of the company’s stock, valued at approximately $100,709,216.23. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry L. You purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $325.13 per share, with a total value of $325,130.00. Following the completion of the purchase, the director owned 36,602 shares in the company, valued at $11,900,408.26. This trade represents a 2.81% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 524,780 shares of company stock valued at $195,499,150. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Up 2.3%

Shares of NASDAQ AVGO opened at $349.32 on Wednesday. The business’s 50 day moving average is $362.78 and its two-hundred day moving average is $322.82. 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 stock has a market capitalization of $1.66 trillion, a P/E ratio of 73.39, a PEG ratio of 1.17 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data 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 business 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 company’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS. As a group, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, December 22nd. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AVGO shares. Evercore ISI raised their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Wells Fargo & Company raised their price objective on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They issued an “outperform” rating and a $420.00 target price on the stock. Robert W. Baird set a $420.00 price target on Broadcom in a research note on Friday, December 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $475.00 price objective (up previously from $400.00) on shares of Broadcom in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $436.33.

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.