Key Points
- CFO Kirsten Spears sold 30,000 shares on December 31 at an average price of $347.82 for proceeds of about $10.43 million, leaving her with 277,237 shares (a ~9.76% reduction in her stake).
- Broadcom posted a solid quarter with $1.95 EPS (beating estimates) and $18.02 billion in revenue (up 28.2% YoY), and recently raised its quarterly dividend to $0.65 (annualized $2.60, ~0.8% yield).
- Analyst sentiment is bullish—MarketBeat shows a consensus "Buy" with an average price target around $436.89 and several firms raising targets into the $420–$440 range, while the stock trades at a P/E of ~72 and a market cap near $1.63 trillion.
Broadcom Inc. (NASDAQ:AVGO - Get Free Report) CFO Kirsten Spears sold 30,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer owned 277,237 shares of the company's stock, valued at approximately $96,428,573.34. This represents a 9.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Broadcom Price Performance
NASDAQ:AVGO opened at $343.42 on Tuesday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a market cap of $1.63 trillion, a P/E ratio of 72.15, a P/E/G ratio of 1.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. The stock's 50-day simple moving average is $362.53 and its 200 day simple moving average is $329.05.
Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 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 analysts' expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The business's quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 earnings per share. As a group, sell-side analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.
Broadcom Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.65 dividend. This is a boost 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 of this dividend was Monday, December 22nd. Broadcom's dividend payout ratio (DPR) is 54.62%.
Analysts Set New Price Targets
AVGO has been the subject of a number of analyst reports. Piper Sandler reissued an "overweight" rating and issued a $430.00 price objective (up previously from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the stock a "buy" rating in a report on Friday, December 12th. Rosenblatt Securities upped their price objective on Broadcom from $400.00 to $440.00 and gave the company a "buy" rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Finally, Raymond James Financial set a $420.00 target price on Broadcom and gave the stock an "outperform" rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $436.89.
Get Our Latest Report on Broadcom
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after acquiring an additional 756 shares during the period. United Bank raised its holdings in Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer's stock valued at $392,000 after acquiring an additional 1,014 shares in the last quarter. Petrus Trust Company LTA bought a new stake in shares of Broadcom during the 1st quarter valued at $489,000. Finally, Raab & Moskowitz Asset Management LLC lifted its position in shares of Broadcom by 2.5% during the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 14,471 shares of the semiconductor manufacturer's stock valued at $2,423,000 after acquiring an additional 347 shares during the period. Institutional investors own 76.43% of the company's stock.
Key Stores Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: BofA names Broadcom among top chip stocks to “ride the wave,” signaling strong institutional conviction that AVGO benefits from the AI/data‑center cycle and should capture ongoing infrastructure spending. Nvidia, Broadcom, AMD among BofA's top chip stocks to 'ride the wave'
- Positive Sentiment: Analysts and coverage upgrades are pushing consensus targets higher (InsiderTrades/MarketBeat cite an early‑January consensus near $437), supporting a multi‑quarter growth view driven by custom ASICs/GPUs and software/platform revenue. This underpins longer‑term upside even if near‑term churn occurs. The AI Tech Paradox: Insiders Sell, the Case for Buying Gets Stronger (AVGO)
- Positive Sentiment: Broadcom appears on several “top AI stocks” lists (e.g., The Motley Fool), which highlights investor interest in Broadcom’s custom AI chip opportunity and keeps demand for the shares among growth‑oriented funds. 3 Best Artificial Intelligence Stocks to Buy in January
- Neutral Sentiment: Valuation reviews are active after a multi‑year run and recent pullback; analysts and outlets are assessing whether current levels reflect the growth outlook or warrant further consolidation — this keeps trading volatile until earnings/guidance clarity. Broadcom (AVGO): Assessing Valuation After Recent Share Price Softness and Multi‑Year Run
- Negative Sentiment: CFO Kirsten M. Spears sold 30,000 shares (disclosed in an SEC filing), a sizable opportunistic insider sale that can amplify short‑term downside as investors parse whether sales are routine compensation monetization or signaling near‑term allocation. SEC Form 4 — Kirsten M. Spears
About Broadcom
(
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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