Key Points
- Gayla Delly, a Broadcom director, sold 1,000 shares on April 9 at an average price of $358.31 for about $358,310, cutting her stake by roughly 3% to 32,352 shares (≈$11.59M).
- Broadcom reported record Q1 results — $2.05 EPS vs. $2.03 estimate and $19.31B revenue — with AI semiconductor revenue nearly doubling year-over-year and a consensus analyst price target of $435.30.
- Despite positive catalysts like a long-term Google TPU deal through 2031 and sector momentum, recent insider selling and structural risks (customer concentration and competition) are flagged as potential headwinds for sentiment.
Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Gayla Delly sold 1,000 shares of the business's stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $358.31, for a total value of $358,310.00. Following the transaction, the director owned 32,352 shares in the company, valued at approximately $11,592,045.12. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Broadcom Price Performance
Shares of NASDAQ AVGO opened at $379.81 on Tuesday. 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 1-year low of $161.61 and a 1-year high of $414.61. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 74.18, a PEG ratio of 0.77 and a beta of 1.24. The business has a 50-day moving average of $327.15 and a 200-day moving average of $343.46.
Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's revenue was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.
Broadcom Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 50.78%.
Broadcom News Roundup
Here are the key news stories impacting Broadcom this week:
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. ROSS JOHNSON & Associates LLC lifted its position in shares of Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC increased its holdings in Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Broadcom in the second quarter valued at about $28,000. JCIC Asset Management Inc. acquired a new stake in Broadcom during the third quarter valued at approximately $31,000. Finally, Miller Global Investments LLC acquired a new stake in Broadcom during the fourth quarter valued at approximately $31,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AVGO. Wolfe Research raised shares of Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a report on Friday, January 30th. Bank of America cut their price objective on shares of Broadcom from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. Rosenblatt Securities restated a "buy" rating and set a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $450.00 target price on shares of Broadcom in a research report on Monday, January 5th. Finally, Truist Financial boosted their price target on Broadcom from $510.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.30.
Get Our Latest Analysis on Broadcom
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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