S. Ram Velaga Sells 17,260 Shares of Broadcom (NASDAQ:AVGO) Stock

Key Points

• S. Ram Velaga sold 17,260 shares of Broadcom on April 9 at an average price of $352.12 for about $6.08 million, cutting his stake by 20.75% to 65,932 shares.
• Broadcom reported stronger-than-expected results (Q revenue +29.5% YoY and an EPS beat) and the stock rallied to $371.46 as the company secured multi-year AI deals with Google and Anthropic that underpin expectations for durable, high‑margin AI revenue.
• Analyst sentiment remains positive with a consensus rating of "Moderate Buy" and a MarketBeat consensus price target of $435.30 (JPMorgan's target raised to $500), while the stock trades at a P/E of ~72.6 and yields about 0.7% annually.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider S. Ram Velaga sold 17,260 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $352.12, for a total value of $6,077,591.20. Following the completion of the transaction, the insider owned 65,932 shares of the company's stock, valued at $23,215,975.84. The trade was a 20.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 value of $4,560,419.10.
• On Tuesday, March 17th, S. Ram Velaga sold 38,841 shares of Broadcom stock. The shares were sold at an average price of $321.60, for a total value 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 Price Performance

Broadcom stock traded up $16.55 during trading hours on Friday, hitting $371.46. The stock had a trading volume of 29,921,087 shares, compared to its average volume of 26,418,313. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The stock has a market capitalization of $1.76 trillion, a price-to-earnings ratio of 72.55, a PEG ratio of 0.73 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 stock's fifty day moving average is $325.37 and its two-hundred day moving average is $342.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. The company 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%.Broadcom's revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Hedge Funds Weigh In On Broadcom

Several large investors have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. purchased a new position in Broadcom during the fourth quarter worth about $4,251,000. Purpose Unlimited Inc. purchased a new position in Broadcom during the fourth quarter worth about $14,371,000. Painted Porch Advisors LLC lifted its position in Broadcom by 28.2% during the fourth quarter. Painted Porch Advisors LLC now owns 1,665 shares of the semiconductor manufacturer's stock worth $576,000 after buying an additional 366 shares during the period. Cornerstone Planning LLC purchased a new position in Broadcom during the fourth quarter worth about $7,049,000. Finally, AMG Asset Management Group Inc. purchased a new position in Broadcom during the fourth quarter worth about $833,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AVGO has been the topic of several research reports. Benchmark reissued a "buy" rating and issued a $485.00 target price on shares of Broadcom in a report on Thursday, March 5th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $450.00 price objective on shares of Broadcom in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on Broadcom from $475.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Robert W. Baird set a $420.00 price objective on Broadcom in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadcom in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.30.

Key Headlines Impacting Broadcom

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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