Kirsten Spears Sells 23,862 Shares of Broadcom (NASDAQ:AVGO) Stock

March 19, 2026 by InsiderTrades.com

Key Points

CFO Kirsten Spears sold 23,862 shares on March 16 at an average price of $326.09 for about $7.78 million, cutting her holding by 6.15% to 364,052 shares.
Several executives (including Spears, S. Ram Velaga, Charlie Kawwas and Mark Brazeal) carried out large, clustered insider sales on March 16–17, which is weighing on short‑term sentiment.
Fundamentals: Broadcom beat the quarter with $2.05 EPS and $19.31B revenue (up 29.5% YoY) and announced a $0.65 quarterly dividend (annualized $2.60, ~0.8% yield).

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) CFO Kirsten Spears sold 23,862 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $326.09, for a total value of $7,781,159.58. Following the transaction, the chief financial officer directly owned 364,052 shares of the company's stock, valued at approximately $118,713,716.68. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Broadcom Stock Down 1.7%

Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention

AVGO opened at $315.93 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The stock has a market capitalization of $1.50 trillion, a P/E ratio of 61.71, a P/E/G ratio of 0.69 and a beta of 1.22. The business has a 50 day simple moving average of $331.36 and a 200-day simple moving average of $345.06.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.Broadcom's quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom's dividend payout ratio is 50.78%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Meta confirmed its MTIA custom‑chip relationship with Broadcom and described multiple MTIA chips for inference — validating a major hyperscaler customer and supporting recurring AI accelerator demand. Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention
Positive Sentiment: Broadcom began production‑volume shipping of the Tomahawk‑6 family, the industry’s first 102.4 Tbps switch — a commercialization milestone that supports near‑term revenue and share gains in AI networking. Broadcom (AVGO) Commences Production Volume Shipping of World’s First 102.4 Tbps Switch
Positive Sentiment: New optical and Ethernet products (400G DSP, 3.5D XPU) showcased at OFC bolster Broadcom’s AI networking roadmap and underpin analyst upside — a technology tailwind for fiscal 2026 growth. AVGO Boosts AI Growth With New Optical, Ethernet Tech
Neutral Sentiment: Analyst reaction is mixed but active: several recent price‑target hikes and bullish notes (including Rosenblatt) coexist with critical takes and at least one downgrade narrative — creating two‑sided flow into the tape. Broadcom (AVGO) Stock Sees Five Price Target Hikes in Single Week
Neutral Sentiment: Corporate events and software cashflow remain supportive: VMware (Broadcom’s software franchise) has public event dates (VMware Explore 2026), which keeps enterprise software visibility high but is not an immediate revenue surprise.
Negative Sentiment: Large, clustered insider selling: multiple executives (including CFO Kirsten Spears, S. Ram Velaga, Charlie Kawwas and Mark Brazeal) sold substantial positions on March 16–17 — several transactions reduced holdings by double‑digit percentages and totalled tens of millions of dollars each. That selling is pressuring sentiment short‑term. Kirsten M. Spears Form 4 (SEC)
Negative Sentiment: Meta’s MTIA announcement omitted a GenAI training chip (Olympus), suggesting training‑class revenues could be delayed — limiting upside from that specific, higher‑value segment in the near term. Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention

Analysts Set New Price Targets

Why Credo and Astera Soared After Oracle and Broadcom's Earnings

A number of research firms recently commented on AVGO. Citigroup boosted their price objective on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Bank of America dropped their target price on shares of Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, December 13th. TD Cowen restated a "buy" rating on shares of Broadcom in a report on Friday, December 12th. Finally, DA Davidson raised Broadcom to a "hold" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.30.

Check Out Our Latest Stock Analysis on Broadcom

Hedge Funds Weigh In On Broadcom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Broadcom by 1.3% during 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 in the last quarter. State Street Corp lifted its stake in Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer's stock valued at $65,788,194,000 after buying an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC grew its holdings in Broadcom by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock valued at $38,396,634,000 after buying an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock valued at $29,607,500,000 after buying an additional 2,491,644 shares during the last quarter. Finally, Norges Bank purchased a new position in Broadcom during the fourth quarter worth $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company's stock.

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.