Broadcom (NASDAQ:AVGO) Stock Price Down 5% – Here’s Why

16 Jul 2026, 17:50 by Jessica Moore · The Cerbat Gem

Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s stock price traded down 5% on Thursday . The company traded as low as $371.90 and last traded at $374.45. 21,940,630 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 26,223,658 shares. The stock had previously closed at $394.28.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s AI growth story remains strong, with recent commentary calling it a “core AI winner” and saying its AI moat is expanding as demand for AI infrastructure stays heavy. Broadcom’s AI Moat Keeps Expanding
Positive Sentiment: Standard Chartered chose Broadcom to help deliver secure, always-on banking services through a long-term private-cloud modernization effort, adding another enterprise customer win. Standard Chartered Selects Broadcom to Deliver Secure, Always-On Banking Services at Global Scale
Positive Sentiment: Analysts reportedly lifted price targets on Broadcom even after the recent pullback, suggesting Wall Street still sees meaningful upside from current levels. As Shares Fall, Analyst Are Boosting Their Broadcom Price Targets
Neutral Sentiment: Commentary continued to frame Broadcom as a major beneficiary of AI infrastructure spending, with some articles highlighting bullish long-term price forecasts for the stock. Price Prediction: Nvidia, AMD & Broadcom-Our Bold Price Predictions for 2029
Negative Sentiment: Broadcom is being hit by a wider chip-sector selloff after renewed worries that AI capex growth may moderate, which is weighing on sentiment across semiconductor names. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide
Negative Sentiment: Recent insider selling is also a mild headwind for sentiment, though it does not necessarily indicate a change in fundamentals. Insider Selling: Broadcom (NASDAQ:AVGO) Insider Sells $10,033,250.00 in Stock

Wall Street Analyst Weigh In

Several research analysts recently commented on AVGO shares. Oppenheimer reiterated an “outperform” rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Royal Bank Of Canada raised their target price on shares of Broadcom from $360.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, June 4th. TD Cowen reaffirmed a “buy” rating and issued a $500.00 price target on shares of Broadcom in a report on Thursday, June 4th. Bank of America upped their price target on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $493.24.

Check Out Our Latest Stock Analysis on AVGO

Broadcom Trading Down 5.0%

The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 62.41, a P/E/G ratio of 0.68 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company’s fifty day moving average price is $403.23 and its 200-day moving average price is $365.11.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. Broadcom’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. On average, research analysts expect that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 43.33%.

Insider Activity at Broadcom

In related news, Director Justine Page sold 1,602 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. This represents a 8.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This trade represents a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Broadcom

Several large investors have recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Networth Advisors LLC boosted its position in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. SWAN Capital LLC increased its holdings in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares during the period. Miller Global Investments LLC acquired a new position in Broadcom in the 4th quarter worth approximately $31,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in Broadcom during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

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.