Broadcom (NASDAQ:AVGO) Shares Down 2.4% After Insider Selling

Broadcom Inc. (NASDAQ:AVGO)’s stock price traded down 2.4% on Thursday after an insider sold shares in the company. The company traded as low as $356.43 and last traded at $360.45. Approximately 26,439,138 shares were traded during mid-day trading, a decline of 0% from the average session volume of 26,487,764 shares. The stock had previously closed at $369.34.

Specifically, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $575.00 target price (up from $500.00) on shares of Broadcom in a report on Thursday, June 4th. TD Cowen reissued a “buy” rating and set a $500.00 price target on shares of Broadcom in a report on Thursday, June 4th. Wells Fargo & Company restated an “overweight” rating and issued a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. JPMorgan Chase & Co. upped their price objective on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada increased their price objective on Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $493.24.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Several articles highlighted Broadcom’s role in the AI infrastructure boom, including strong demand for custom AI chips and its OpenAI-related accelerator work, reinforcing the long-term growth story. UBS Reaffirms Buy Rating on Broadcom (AVGO) Amid AI ASIC Demand and OpenAI, Anthropic Growth
• Positive Sentiment: Wall Street analysts remain constructive, with firms such as UBS, Jefferies, JPMorgan, Goldman Sachs and Morgan Stanley reiterating bullish ratings and high price targets, suggesting they see meaningful upside from current levels. JPMorgan Stands by Sky-High Broadcom Target as Shares Slide
• Positive Sentiment: Commentary across multiple articles framed Broadcom as one of the key beneficiaries of 2026’s AI semiconductor spending wave, which keeps investors interested in the stock on pullbacks. Broadcom vs Nvidia: The $100B AI Race and One Winner

Broadcom Trading Down 2.4%

The firm has a market cap of $1.71 trillion, a PE ratio of 60.08, a P/E/G ratio of 0.66 and a beta of 1.45. The company’s fifty day moving average price is $410.00 and its two-hundred day moving average price is $362.34. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.04. The firm 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%. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Institutional Trading of Broadcom

Several hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. grew its holdings in shares of Broadcom by 10.7% during the third quarter. Brown Brothers Harriman & Co. now owns 77,411 shares of the semiconductor manufacturer’s stock worth $25,539,000 after buying an additional 7,499 shares in the last quarter. Sovran Advisors LLC lifted its stake in shares of Broadcom by 121.3% during the fourth quarter. Sovran Advisors LLC now owns 30,631 shares of the semiconductor manufacturer’s stock valued at $10,507,000 after buying an additional 16,789 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Broadcom by 406.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,994 shares of the semiconductor manufacturer’s stock worth $4,151,000 after acquiring an additional 9,624 shares during the last quarter. Aspiriant LLC boosted its position in Broadcom by 18.5% during the fourth quarter. Aspiriant LLC now owns 12,016 shares of the semiconductor manufacturer’s stock worth $4,158,000 after acquiring an additional 1,872 shares during the last quarter. Finally, World Investment Advisors grew its stake in Broadcom by 16.1% in the 4th quarter. World Investment Advisors now owns 177,710 shares of the semiconductor manufacturer’s stock worth $61,505,000 after acquiring an additional 24,703 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Company Profile

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.