Broadcom (NASDAQ:AVGO) Insider Sells $2,964,160.00 in Stock

Key Points

• Insider sale: Broadcom executive S. Ram Velaga sold 8,000 shares on April 10 at an average of $370.52 for $2.96M, reducing his stake by 12.13% — part of a series of sales since mid‑March totaling roughly 102,594 shares (about $34.4M).
• Company momentum despite selling: Broadcom has secured multi‑year AI design wins with Meta, Google and Anthropic, posted an earnings beat (Q EPS $2.05 vs. $2.03; revenue $19.31B, +29.5% YoY), and received multiple price‑target upgrades amid a consensus "Moderate Buy" while trading near $380 with a $1.8T market cap.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider S. Ram Velaga sold 8,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the sale, the insider directly owned 57,932 shares in the company, valued at $21,464,964.64. This trade represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 shares were 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 Broadcom stock traded up $0.75 on Tuesday, reaching $380.50. 23,962,628 shares of the company were exchanged, compared to its average volume of 26,348,883. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 74.32, a P/E/G ratio of 0.77 and a beta of 1.24. Broadcom Inc. has a 1-year low of $161.61 and a 1-year high of $414.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company's 50-day moving average is $327.15 and its two-hundred day moving average is $343.46.

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

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given 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 currently 50.78%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup boosted their target price on shares of Broadcom from $458.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. lifted their price target on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. Erste Group Bank downgraded Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Bank of America decreased their price objective on Broadcom from $500.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, March 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Broadcom in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta has committed to large-scale custom AI silicon deployment (reported as ~1 gigawatt initial commitment and multi‑gigawatt roadmap) and extended Broadcom support for Meta’s training/inference accelerators, giving Broadcom multi‑year design wins and revenue visibility. Read More.
• Positive Sentiment: Broadcom says the partnership with Meta will support the industry’s first 2nm AI compute accelerator and a multi‑year infrastructure rollout — a technical leadership signal that could translate into sustained high‑margin ASIC and IP revenue. Read More.
• Positive Sentiment: Anthropic and Alphabet expansions involving Broadcom reinforce its positioning as a multi‑customer AI supplier — strengthening the narrative that Broadcom can capture a growing share of custom AI infrastructure spend (and a partial competitive counterweight to Nvidia). Read More.
• Neutral Sentiment: Momentum and positive media/analyst coverage (sector breakout, “Bull of the Day,” momentum picks) are supporting flows into AVGO but can raise short‑term volatility as traders chase strength. Read More.
• Negative Sentiment: Insider selling — director Gayla J. Delly (and other insiders reported) recently sold shares, which may weigh on near‑term sentiment even if not indicative of company fundamentals. Read More.
• Negative Sentiment: Analysts caution structural risks remain (customer concentration, competition vs. entrenched GPU suppliers), meaning the long‑term margin and growth story isn’t risk‑free despite the new wins. Read More.

Institutional Investors Weigh In On Broadcom

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Broadcom by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer's stock worth $167,064,997,000 after purchasing an additional 3,919,715 shares in the last quarter. State Street Corp lifted its stake in Broadcom by 2.7% during the fourth 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 boosted its holdings in shares of Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer's stock worth $38,396,634,000 after buying an additional 1,548,699 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Broadcom by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock worth $29,607,500,000 after buying an additional 2,491,644 shares during the period. Finally, Norges Bank purchased a new position in shares of Broadcom in the fourth quarter worth approximately $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company's stock.

About Broadcom

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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