Insider Selling: Broadcom (NASDAQ:AVGO) CFO Sells $811,048.68 in Stock

Broadcom Inc. (NASDAQ:AVGO) CFO Kirsten Spears sold 2,379 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $340.92, for a total transaction of $811,048.68. Following the sale, the chief financial officer directly owned 310,951 shares of the company’s stock, valued at $106,009,414.92. This represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Broadcom Trading Up 3.2%

NASDAQ:AVGO opened at $340.36 on Friday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $414.61. 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 firm’s fifty day moving average is $362.98 and its 200-day moving average is $321.10. The firm has a market cap of $1.61 trillion, a P/E ratio of 71.50, a P/E/G ratio of 1.17 and a beta of 1.19.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. Broadcom’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 22nd. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is currently 49.58%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Truist raised its price target to $510 and kept a buy stance, signaling big upside vs. current levels. AVGO: Broadcom price target raised by Truist
• Positive Sentiment: Company beat expectations and issued AI-related revenue commentary (large AI/XPU and networking opportunity), supporting a growth story tied to data-center demand. Broadcom soars past expectations with blockbuster results
• Positive Sentiment: Unusual options activity: traders bought ~323,615 call contracts, well above average, indicating speculative/hedged bullish bets on near-term upside.
• Positive Sentiment: Broadcom raised its quarterly dividend ~10% (new quarterly payment $0.65) — a sign of strong cash flow and shareholder returns. Broadcom stock just raised its dividend by 10%
• Neutral Sentiment: High-profile bullish coverage and commentary (Wall Street lists and media pieces) are amplifying interest but also raising expectations. Here’s why Wall Street is bullish on Broadcom stock (AVGO)
• Neutral Sentiment: Jim Cramer publicly said he isn’t very worried about Broadcom, which can calm retail sentiment but is not a fundamental driver. Jim Cramer says he is not that worried about Broadcom
• Negative Sentiment: Several insiders (including senior execs) have sold shares in recent filings — a potential overhang for sentiment even if sales may be for diversification/liquidity. Charlie Kawwas Sells 1,235 Shares of Broadcom
• Negative Sentiment: Sharp recent sell-off (~20% from pre-earnings levels) has created volatility and forced short-term selling pressure despite analysts raising targets. Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500

Institutional Investors Weigh In On Broadcom

Hedge funds and other institutional investors have recently made changes to their positions in the business. AIA Group Ltd lifted its position in Broadcom by 34.6% in the 3rd quarter. AIA Group Ltd now owns 287,257 shares of the semiconductor manufacturer’s stock valued at $94,769,000 after acquiring an additional 73,824 shares in the last quarter. Alternative Investment Advisors LLC. lifted its holdings in shares of Broadcom by 116.5% in the third quarter. Alternative Investment Advisors LLC. now owns 5,219 shares of the semiconductor manufacturer’s stock valued at $1,722,000 after purchasing an additional 2,808 shares in the last quarter. Financial Symmetry Inc purchased a new position in shares of Broadcom during the third quarter valued at approximately $263,000. Keel Point LLC grew its holdings in Broadcom by 2.8% during the third quarter. Keel Point LLC now owns 27,435 shares of the semiconductor manufacturer’s stock worth $9,051,000 after buying an additional 741 shares in the last quarter. Finally, Lindenwold Advisors INC bought a new position in Broadcom during the 3rd quarter valued at $1,744,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVGO has been the topic of a number of research analyst reports. Benchmark increased their price target on Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Raymond James Financial set a $420.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a report on Thursday, November 20th. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Macquarie began coverage on shares of Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective on the stock. Finally, Oppenheimer raised their target price on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average price target of $436.33.

Broadcom Company Profile

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.