Mark David Brazeal Sells 33,194 Shares of Broadcom (NASDAQ:AVGO) Stock

Key Points

• Mark David Brazeal sold 33,194 shares of Broadcom on March 16 at an average price of $326.10 for about $10.8M, and recent additional sales have reduced his ownership by roughly 9.17%.
• Broadcom beat quarterly expectations with $2.05 EPS vs. $2.03 est. and $19.31B revenue (up 29.5% YoY), yet the stock traded down about 1.7% to $315.93 amid a high valuation (market cap ≈ $1.5T, P/E ~61.7).
• AI and analyst tailwinds — Broadcom began production shipments of its Tomahawk 6 102.4 Tbps switch and was confirmed as a Meta MTIA partner, boosting AI revenue visibility; analysts remain mostly bullish (consensus "Moderate Buy", avg. price target $435.30) and the company declared a $0.65 quarterly dividend.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider Mark David Brazeal sold 33,194 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $326.10, for a total transaction of $10,824,563.40. Following the sale, the insider owned 328,629 shares of the company's stock, valued at approximately $107,165,916.90. This trade represents a 9.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mark David Brazeal also recently made the following trade(s):

• On Tuesday, March 17th, Mark David Brazeal sold 50,488 shares of Broadcom stock. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80.
• On Tuesday, January 6th, Mark David Brazeal sold 30,000 shares of Broadcom stock. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00.
• On Friday, December 26th, Mark David Brazeal sold 25,921 shares of Broadcom stock. The stock was sold at an average price of $352.07, for a total value of $9,126,006.47.

Broadcom Trading Down 1.7%

NASDAQ AVGO traded down $5.38 during trading hours on Wednesday, hitting $315.93. 25,380,340 shares of the company's stock were exchanged, compared to its average volume of 27,828,028. The firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 61.71, a PEG ratio of 0.69 and a beta of 1.22. The stock has a 50-day simple moving average of $331.91 and a 200 day simple moving average of $345.27. The company has a current ratio of 1.90, a quick ratio of 1.73 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $414.61.

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

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Broadcom's payout ratio is 50.78%.

Hedge Funds Weigh In On Broadcom

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after purchasing an additional 6,222,802 shares during the period. State Street Corp raised its stake in shares of Broadcom by 2.7% during the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer's stock worth $65,788,194,000 after purchasing an additional 5,040,801 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Broadcom by 1.4% in the 4th 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 last quarter. Price T Rowe Associates Inc. MD grew its position in Broadcom by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer's stock valued at $29,607,500,000 after buying an additional 2,491,644 shares during the period. Finally, Norges Bank purchased a new stake in Broadcom during the fourth quarter worth about $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom began production‑volume shipments of its Tomahawk 6 switch family — the world’s first 102.4 Tbps switch — which accelerates customer deployments for hyperscale AI networks and supports near‑term revenue scaling in networking. Broadcom Commences Production Volume Shipping of World’s First 102.4 Tbps Switch
• Positive Sentiment: Meta publicly confirmed Broadcom as a partner on its MTIA custom AI chips — removing doubt about a major customer relationship and strengthening AVGO’s revenue visibility for inference silicon and future GenAI deployments. Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention
• Positive Sentiment: Analyst support and institutional interest remain elevated — multiple price‑target upgrades and high‑profile investors (e.g., Rosenblatt raising targets; notable positions reported by Fisher Asset Management) keep a bullish narrative about AVGO’s AI growth trajectory. Rosenblatt Maintains Buy on Broadcom
• Positive Sentiment: Broadcom’s infrastructure software (VMware) and buyback activity remain tailwinds — buybacks cited by analysts can support EPS and shareholder returns during volatile price action. Berkshire, Broadcom & Nucor Are Revving Their Buyback Engines
• Neutral Sentiment: Broadcom’s role in new industry groups and optical standards (400G Optical MSA, Optical Compute Interconnect) positions it strategically for long‑term AI data‑center interoperability — supportive strategically but benefits will play out over years. Broadcom AI Alliances Shape Optical Standards And Raise Valuation Questions
• Negative Sentiment: Meta’s announcement did not include a GenAI training chip (reports suggest Olympus development is paused), which likely delays the timing and magnitude of potential training‑chip revenue for Broadcom — a near‑term revenue/timing risk. Why Meta's AI Chip Announcement Has Broadcom Investors Paying Attention
• Negative Sentiment: Valuation and sentiment concerns are emerging in some research notes and op‑eds (calls for rethink/downgrades), which can amplify short‑term selling even as fundamentals remain strong — a common cause of choppy trading. Seeking Alpha: Broadcom Rethink/Downgrade

Wall Street Analyst Weigh In

Several analysts have recently commented on AVGO shares. UBS Group set a $475.00 target price on Broadcom and gave the company a "buy" rating in a research note on Monday, December 15th. TD Cowen reaffirmed a "buy" rating on shares of Broadcom in a research note on Friday, December 12th. Susquehanna reiterated a "positive" rating and issued a $450.00 price target (up from $400.00) on shares of Broadcom in a report on Thursday, December 4th. 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, Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $435.30.

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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