Key Points
- Insider sale: Mark David Brazeal sold 25,921 Broadcom shares on Dec. 26 at an average $352.07 for about $9.13M, trimming his stake by 9.73% (he also sold large blocks on Dec. 16–17).
- Strong fundamentals and yield boost: Broadcom posted a quarterly EPS beat ( $1.95 vs. $1.87 expected ), revenue up 28.2% year‑over‑year, and raised its quarterly dividend to $0.65 ($2.60 annualized), while most analysts retain Buy ratings and an average $436.33 price target.
- Mixed sentiment/risk: Heavy executive selling (including other officers) and post‑earnings margin/guidance concerns have weighed on near‑term sentiment, even as AI infrastructure tailwinds support the longer‑term case.
Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider Mark David Brazeal sold 25,921 shares of the company's stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $352.07, for a total value of $9,126,006.47. Following the completion of the sale, the insider owned 240,573 shares of the company's stock, valued at $84,698,536.11. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Mark David Brazeal also recently made the following trade(s):
- On Wednesday, December 17th, Mark David Brazeal sold 38,281 shares of Broadcom stock. The stock was sold at an average price of $327.65, for a total value of $12,542,769.65.
- On Tuesday, December 16th, Mark David Brazeal sold 24,527 shares of Broadcom stock. The stock was sold at an average price of $340.91, for a total value of $8,361,499.57.
Broadcom Stock Performance
Shares of AVGO stock opened at $349.85 on Wednesday. The stock has a market cap of $1.66 trillion, a PE ratio of 73.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.19. The stock has a 50-day moving average of $362.88 and a 200-day moving average of $326.38. 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 one year low of $138.10 and a one year high of $414.61.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to analysts' expectations of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business's revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 earnings per share. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current 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 given a $0.65 dividend. The ex-dividend date is Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Broadcom's previous quarterly dividend of $0.59. Broadcom's dividend payout ratio is currently 54.62%.
Wall Street Analysts Forecast Growth
AVGO has been the subject of several recent analyst reports. Susquehanna restated a "positive" rating and issued a $450.00 price target (up from $400.00) on shares of Broadcom in a report on Thursday, December 4th. Bank of America increased their target price on Broadcom from $460.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, December 12th. KeyCorp reaffirmed an "overweight" rating and issued a $500.00 price target (up previously from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Mizuho upped their price target on shares of Broadcom from $435.00 to $450.00 and gave the company an "outperform" rating in a report on Friday, December 12th. Finally, Raymond James Financial set a $420.00 price objective on shares of Broadcom and gave the stock an "outperform" rating in a report on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $436.33.
Read Our Latest Research Report on AVGO
Institutional Trading of Broadcom
A number of institutional investors have recently made changes to their positions in AVGO. Arthur M. Cohen & Associates LLC lifted its position in Broadcom by 0.6% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock worth $1,577,000 after buying an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC increased 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 acquiring an additional 30 shares during the last quarter. Private Wealth Partners LLC raised its holdings in Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock worth $1,410,000 after acquiring an additional 30 shares in the last quarter. Planning Alternatives Ltd. ADV boosted its position in Broadcom by 1.4% during the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock valued at $715,000 after purchasing an additional 30 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Broadcom by 1.9% in the third quarter. Bell Investment Advisors Inc now owns 1,638 shares of the semiconductor manufacturer's stock valued at $540,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 76.43% of the company's stock.
Broadcom News Summary
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Strong analyst conviction — multiple firms have reiterated Buy/Overweight ratings and raised price targets, supporting upside expectations and institutional demand. Broadcom Inc. (AVGO) up 51% YTD, Wall Street Still Sees 31% Upside
- Positive Sentiment: Sector tailwind from AI infrastructure — commentary on NVIDIA’s Groq deal highlights that as AI shifts from training to inference, networking and data‑center suppliers like Broadcom stand to benefit. The Lazy Way to Play NVIDIA’s $20B Groq Deal
- Positive Sentiment: Dividend increase and strong fundamentals — Broadcom recently raised its quarterly payout and continues to report outsized margins and revenue growth, which supports the long‑term income/quality case. MarketBeat: AVGO profile & dividend details
- Neutral Sentiment: Insider selling is heavy but partly explained — several late‑Dec Form 4s reflect RSU tax‑withholding or diversification through exchange funds, which reduces the outright negative signal for most sales. Broadcom's Insider Selling: A Big Red Flag, or Business as Usual?
- Neutral Sentiment: Technical/market‑momentum questions — chart studies note the rally may be losing directional momentum, which can increase short‑term volatility despite the longer‑term bull case. Broadcom Stock: Is The Rally Losing Directional Momentum?
- Negative Sentiment: Large discretionary insider sales (CEO Hock Tan and other officers) — material reductions by executives draw investor scrutiny and can weigh on sentiment even when there are stated diversification/tax reasons. SEC Form 4: Hock Tan sale
- Negative Sentiment: Post‑earnings margin/guidance concerns — the Dec. earnings beat was followed by a sharp pullback as investors parsed flat non‑AI guidance and gross‑margin questions, which can cap near‑term upside. Post‑earnings selloff analysis
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.
Further Reading
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