Broadcom (NASDAQ:AVGO) Insider Sells $12,542,769.65 in Stock

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider Mark David Brazeal sold 38,281 shares of the firm's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65. Following the sale, the insider owned 266,494 shares of the company's stock, valued at $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 SEC, which is accessible through this link.

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Mark David Brazeal also recently made the following trade(s):

• On Tuesday, December 16th, Mark David Brazeal sold 24,527 shares of Broadcom stock. The shares were sold at an average price of $340.91, for a total value of $8,361,499.57.

Broadcom Stock Performance

AVGO stock opened at $340.36 on Friday. The firm has a 50 day simple moving average of $362.98 and a 200 day simple moving average of $320.66. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The stock has a market cap of $1.61 trillion, a P/E ratio of 71.50, a P/E/G ratio of 1.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

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Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company's revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.65 per share. This is a positive change from Broadcom's previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 22nd. Broadcom's dividend payout ratio is 49.58%.

Institutional Investors Weigh In On Broadcom

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A number of large investors have recently added to or reduced their stakes in the stock. Arthur M. Cohen & Associates LLC raised its holdings in Broadcom by 0.6% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock worth $1,577,000 after acquiring an additional 30 shares during the period. Jackson Hole Capital Partners LLC grew its position in shares of Broadcom by 1.4% in the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after purchasing an additional 30 shares during the last quarter. Private Wealth Partners LLC increased its stake in shares of Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock worth $1,410,000 after purchasing an additional 30 shares during the period. Planning Alternatives Ltd. ADV increased its stake in shares of Broadcom by 1.4% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock worth $715,000 after purchasing an additional 30 shares during the period. Finally, Bell Investment Advisors Inc lifted its position in shares of Broadcom by 1.9% during the 3rd quarter. Bell Investment Advisors Inc now owns 1,638 shares of the semiconductor manufacturer's stock worth $540,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages 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 report on Friday, December 12th. Citigroup restated a "buy" rating and issued a $480.00 price objective (up previously from $415.00) on shares of Broadcom in a report on Friday, December 12th. Oppenheimer raised their price objective on shares of Broadcom from $435.00 to $450.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Wells Fargo & Company boosted their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Finally, KeyCorp restated an "overweight" rating and set a $500.00 price target (up previously from $460.00) 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 issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Broadcom has a consensus rating of "Buy" and a consensus price target of $436.33.

View Our Latest Analysis on Broadcom

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510 and kept a buy stance, signaling big upside vs. current levels. AVGO: Broadcom price target raised by Truist
• Positive Sentiment: Company beat expectations and issued AI-related revenue commentary (large AI/XPU and networking opportunity), supporting a growth story tied to data-center demand. Broadcom soars past expectations with blockbuster results
• Positive Sentiment: Unusual options activity: traders bought ~323,615 call contracts, well above average, indicating speculative/hedged bullish bets on near-term upside.
• Positive Sentiment: Broadcom raised its quarterly dividend ~10% (new quarterly payment $0.65) — a sign of strong cash flow and shareholder returns. Broadcom stock just raised its dividend by 10%
• Neutral Sentiment: High-profile bullish coverage and commentary (Wall Street lists and media pieces) are amplifying interest but also raising expectations. Here’s why Wall Street is bullish on Broadcom stock (AVGO)
• Neutral Sentiment: Jim Cramer publicly said he isn’t very worried about Broadcom, which can calm retail sentiment but is not a fundamental driver. Jim Cramer says he is not that worried about Broadcom
• Negative Sentiment: Several insiders (including senior execs) have sold shares in recent filings — a potential overhang for sentiment even if sales may be for diversification/liquidity. Charlie Kawwas Sells 1,235 Shares of Broadcom
• Negative Sentiment: Sharp recent sell-off (~20% from pre-earnings levels) has created volatility and forced short-term selling pressure despite analysts raising targets. Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500

Broadcom Company Profile

(Get Free Report)

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.

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