Broadcom Inc. (NASDAQ:AVGO – Get Free Report) insider Mark David Brazeal sold 25,921 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 240,573 shares in the company, valued at approximately $84,698,536.11. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 shares were sold at an average price of $340.91, for a total transaction of $8,361,499.57.
Broadcom Stock Performance
Shares of AVGO stock opened at $346.10 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average price of $363.00 and a 200-day moving average price of $326.52. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. The firm has a market capitalization of $1.64 trillion, a PE ratio of 72.71, a P/E/G ratio of 1.19 and a beta of 1.19.
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 for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. As a group, equities research 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 was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is presently 54.62%.
Analyst Ratings Changes
AVGO has been the topic of several research reports. The Goldman Sachs Group set a $435.00 target price on Broadcom and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Argus raised their price objective on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $475.00 target price (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Benchmark increased their price target on shares of Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Piper Sandler reissued an “overweight” rating and set a $430.00 price objective (up previously from $375.00) on shares of Broadcom in a research report on Friday, December 12th. 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 company. According to data from MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus target price of $436.33.
View Our Latest Stock Report on Broadcom
Institutional Investors Weigh In On Broadcom
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. lifted its stake in shares of Broadcom by 2.4% during the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer’s stock worth $469,566,000 after acquiring an additional 39,466 shares during the last quarter. Capital Counsel LLC NY bought a new position in Broadcom in the 2nd quarter valued at $221,000. Waterloo Capital L.P. grew its position in Broadcom by 7.0% in the 2nd quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after acquiring an additional 3,180 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer’s stock worth $10,737,000 after purchasing an additional 13,978 shares during the period. Finally, RiverFront Investment Group LLC lifted its position in shares of Broadcom by 107.6% during the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock worth $4,555,000 after purchasing an additional 8,566 shares during the last quarter. 76.43% of the stock is owned by institutional investors.
Trending Headlines about Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Wall Street still sees upside — multiple analyst upgrades and a backdrop of strong AI/data‑center demand leave consensus targets well above current levels, supporting a constructive medium‑term view. Broadcom Inc. (AVGO) up 51% YTD, Wall Street Still Sees 31% Upside
- Positive Sentiment: AI/data‑center positioning — coverage of NVIDIA’s Groq deal highlights a shift from training to inference that benefits networking and infrastructure suppliers like Broadcom, reinforcing secular revenue growth potential. The Lazy Way to Play NVIDIA’s $20B Groq Deal
- Positive Sentiment: Dividend raise & solid fundamentals — Broadcom recently increased its quarterly dividend and reported strong margins/revenue, which supports yield/income investors and the quality growth narrative. MarketBeat: AVGO profile & dividend details
- Neutral Sentiment: Technical/momentum caution — chart analyses suggest the rally may be losing directional momentum, increasing the chance of short‑term volatility despite the positive fundamental story. Broadcom Stock: Is The Rally Losing Directional Momentum?
- Neutral Sentiment: Market/ETF flow context — sector rotation and ETF positioning (SMH vs SOXX) matter for AVGO flows; some pieces note diversified ETF exposure as an alternative to single‑name bets. The Lazy Way to Play NVIDIA’s $20B Groq Deal
- Negative Sentiment: Material insider selling — CEO Hock Tan sold ~100,000 shares (~$34.6M) and other insiders have made large late‑Dec disposals, which is attracting scrutiny and weighing on near‑term sentiment. Hock Tan Sells 100,000 Shares of Broadcom (NASDAQ:AVGO) Stock
- Negative Sentiment: Additional insider sales and profit‑taking — other officers (e.g., Mark Brazeal) reported multi‑million dollar sales in late December, reinforcing short‑term selling pressure. Broadcom (NASDAQ:AVGO) Insider Sells 25,921 Shares
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.
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