Broadcom (NASDAQ:AVGO) CEO Sells $34,565,000.00 in Stock

by · The Markets Daily

Broadcom Inc. (NASDAQ:AVGO – Get Free Report) CEO Hock Tan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $345.65, for a total value of $34,565,000.00. Following the completion of the sale, the chief executive officer directly owned 495,638 shares of the company’s stock, valued at $171,317,274.70. The trade was a 16.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Broadcom Stock Down 0.8%

Shares of AVGO traded down $2.76 during mid-day trading on Monday, reaching $349.37. 21,917,297 shares of the stock traded hands, compared to its average volume of 26,809,105. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $414.61. The firm has a market cap of $1.66 trillion, a price-to-earnings ratio of 73.40, a P/E/G ratio of 1.21 and a beta of 1.19. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $362.74 and a 200 day simple moving average of $325.01.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. Sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.65 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.59. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, December 22nd. Broadcom’s dividend payout ratio is presently 54.62%.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

  • Positive Sentiment: Large AI backlog and product roadmap support medium‑term growth: market commentary highlights Broadcom’s multi‑billion AI order backlog and its role supplying custom silicon, networking and data‑center infrastructure — a core beneficiary of the AI data‑center cycle. QuiverQuant: Opinions on AI Backlog and Earnings Drop
  • Positive Sentiment: Strong analyst sentiment and lofty price targets point to upside over time: multiple firms have issued buy/overweight ratings and a median price target near $450, with several $475–$510 targets cited. That institutional conviction supports longer‑term investor case. Analyst Ratings & Price Targets
  • Positive Sentiment: Sector dynamics (NVIDIA/Groq deal) amplify demand for networking and infrastructure — ETFs and diversified semiconductor plays (like SOXX) call out Broadcom as a beneficiary as AI moves from training to inference. MarketBeat: The Lazy Way to Play NVIDIA’s $20B Groq Deal
  • Neutral Sentiment: Insider selling is active but largely explained: recent Form 4s show many sales were automatic with RSU tax withholding; one material Hock Tan transaction was described as an exchange‑fund diversification rather than an outright vote of no confidence. That reduces but doesn’t eliminate investor concern. MarketBeat: Broadcom’s Insider Selling
  • Neutral Sentiment: Heavy social and hedge‑fund chatter: AVGO has seen big year‑to‑date gains and substantial institutional position churn; conversation mixes bullish AI theses with concerns about non‑AI revenue trends. QuiverQuant discussion summary
  • Negative Sentiment: Near‑term pressure from post‑earnings selloff and margin/guidance worries: the Dec. earnings beat was followed by a sharp pullback as investors parsed flat non‑AI guidance and gross‑margin questions — fueling today’s weakness. MarketBeat: Post‑earnings selloff analysis
  • Negative Sentiment: Rotation risk: reports that some large investors are trimming mega‑cap AI winners and rotating positions could sustain short‑term outflows from AVGO if momentum favors other sector leaders. 247WallSt: Billionaires Dump the Magnificent Seven

Hedge Funds Weigh In On Broadcom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after acquiring an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. United Bank increased its stake in Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after purchasing an additional 1,014 shares in the last quarter. AlphaQuest LLC raised its holdings in Broadcom by 633.3% during the 1st quarter. AlphaQuest LLC now owns 704 shares of the semiconductor manufacturer’s stock worth $118,000 after buying an additional 608 shares during the period. Finally, Saudi Central Bank acquired a new stake in Broadcom during the 1st quarter worth about $293,000. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Wells Fargo & Company increased their price target on Broadcom from $255.00 to $345.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Cowen restated a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Finally, Benchmark increased their target price on Broadcom from $385.00 to $485.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $436.33.

Check Out Our Latest Report on Broadcom

Broadcom Company Profile

(Get Free Report)

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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