Key Points
- Insider selling: S. Ram Velaga sold 8,000 shares on April 10 at $370.52 for $2.964M, and his recent sequence of sales totals roughly $34.4M, leaving him with 57,932 shares valued at about $21.46M.
- Strong operational backdrop: The sales come amid Broadcom's bullish AI positioning — multi‑year deals with Meta, Google and Anthropic — and a solid Q1 beat (EPS $2.05, revenue $19.31B, +29.5% YoY) that supports the company’s AI revenue thesis.
- Market and analyst view: Broadcom trades near $380 with a $1.8T market cap, an average analyst rating of “Moderate Buy” and a consensus price target of $435.30; the company also pays a $0.65 quarterly dividend (≈0.7% yield).
Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider S. Ram Velaga sold 8,000 shares of the business's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the transaction, the insider directly owned 57,932 shares in the company, valued at $21,464,964.64. The trade was a 12.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
S. Ram Velaga also recently made the following trade(s):
- On Wednesday, April 8th, S. Ram Velaga sold 12,955 shares of Broadcom stock. The stock was sold at an average price of $352.02, for a total transaction of $4,560,419.10.
- On Thursday, April 9th, S. Ram Velaga sold 17,260 shares of Broadcom stock. The shares were sold at an average price of $352.12, for a total transaction of $6,077,591.20.
- On Tuesday, March 17th, S. Ram Velaga sold 38,841 shares of Broadcom stock. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60.
- On Monday, March 16th, S. Ram Velaga sold 25,538 shares of Broadcom stock. The shares were sold at an average price of $326.10, for a total value of $8,327,941.80.
Broadcom Stock Performance
Shares of AVGO stock opened at $380.50 on Wednesday. The firm has a market cap of $1.80 trillion, a P/E ratio of 74.32, a PEG ratio of 0.79 and a beta of 1.24. 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 fifty-two week low of $161.61 and a fifty-two week high of $414.61. The stock's 50-day moving average is $328.36 and its two-hundred day moving average is $343.78.
Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. Analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.
Broadcom Dividend Announcement
The firm also recently declared 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 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio is 50.78%.
Institutional Investors Weigh In On Broadcom
Hedge funds have recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC lifted its position in shares of Broadcom by 1,320.0% during the 4th 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 grew its holdings in Broadcom by 261.9% in the 4th 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. Miller Global Investments LLC bought a new position in Broadcom in the 4th quarter worth approximately $31,000. JCIC Asset Management Inc. bought a new position in Broadcom in the 3rd quarter worth approximately $31,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom during the fourth quarter worth approximately $33,000. 76.43% of the stock is currently owned by institutional investors.
Key Headlines Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
Analyst Upgrades and Downgrades
Several equities analysts have commented on AVGO shares. Rosenblatt Securities reissued a "buy" rating and set a $500.00 target price on shares of Broadcom in a research report on Tuesday, April 7th. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 price target for the company in a research note on Friday, January 30th. Morgan Stanley increased their price objective on Broadcom from $462.00 to $470.00 and gave the company an "overweight" rating in a report on Friday, March 6th. Bank of America cut their price objective on Broadcom from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Finally, Seaport Research Partners restated a "neutral" rating on shares of Broadcom in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.30.
View Our Latest Stock Analysis on Broadcom
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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