Insider Selling: Broadcom (NASDAQ:AVGO) Director Sells 2,018 Shares of Stock

Key Points

• Director Justine Page sold 2,018 shares on April 8 at an average price of $353 for a $712,354 transaction, reducing her stake by 10% to 18,164 shares (SEC filing disclosed).
• Recent results were strong: Broadcom beat quarterly estimates with $2.05 EPS on $19.31 billion revenue, reports high margins and a $1.76 trillion market cap with a 12‑month high near $414.61.
• AI deals and analyst upgrades — multi‑year chip agreements with Google and Anthropic helped fuel a stock rally and prompted several firms to raise price targets (JPMorgan to $500; consensus target ≈ $435).

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Justine Page sold 2,018 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director owned 18,164 shares of the company's stock, valued at approximately $6,411,892. This represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Broadcom Stock Performance

NASDAQ AVGO traded up $16.55 during trading on Friday, reaching $371.46. The company's stock had a trading volume of 29,921,087 shares, compared to its average volume of 26,418,313. The business's fifty day moving average price is $325.37 and its 200-day moving average price is $342.86. Broadcom Inc. has a twelve month low of $161.61 and a twelve month 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 firm has a market cap of $1.76 trillion, a price-to-earnings ratio of 72.55, a P/E/G ratio of 0.73 and a beta of 1.24.

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

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is 50.78%.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on Broadcom from $475.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. Mizuho set a $480.00 price objective on shares of Broadcom and gave the company an "outperform" rating in a research note on Friday, January 9th. Piper Sandler restated an "overweight" rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. UBS Group set a $475.00 target price on shares of Broadcom and gave the stock a "buy" rating in a research note on Monday, December 15th. Finally, Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, December 13th. Two 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $435.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. ROSS JOHNSON & Associates LLC boosted 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 in the last quarter. SWAN Capital LLC increased its holdings in shares of 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 purchasing an additional 55 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom in the third quarter valued at about $31,000. Finally, Miller Global Investments LLC purchased a new stake in Broadcom during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a "Neutral" rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

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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