Broadcom (NASDAQ:AVGO) Shares Down 4% After Insider Selling

Broadcom Inc. (NASDAQ:AVGO) shares traded down 4% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $383.42 and last traded at $384.05. Approximately 19,907,534 shares traded hands during trading, a decline of 24% from the average daily volume of 26,307,613 shares. The stock had previously closed at $399.97.

Specifically, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $379.19, for a total transaction of $9,479,750.00. Following the completion of the transaction, the insider directly owned 219,989 shares of the company’s stock, valued at approximately $83,417,628.91. This represents a 10.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AVGO. Benchmark upped their price objective on Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Morgan Stanley set a $502.00 target price on shares of Broadcom and gave the stock an “overweight” rating in a report on Thursday, June 4th. Weiss Ratings lowered shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. Finally, Mizuho lifted their price objective on shares of Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $493.24.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Multiple articles argue Broadcom remains one of the strongest AI beneficiaries, with custom AI chips, networking hardware, and infrastructure software giving it a broader business mix than peers and potential to outpace Nvidia in the second half of 2026. Article Title
• Positive Sentiment: Analysts and market commentary continue to frame Broadcom as an attractive long-term AI stock, noting that it is still up year-to-date and that investors see strong growth ahead, especially in custom silicon and hyperscaler demand. Article Title
• Positive Sentiment: Broadcom’s recent earnings backdrop remains supportive: it beat EPS and revenue estimates, posted 47.9% year-over-year revenue growth, and management’s AI-related outlook continues to underpin bullish sentiment. Article Title
• Neutral Sentiment: Several pieces are comparative rather than company-specific, including debate over whether investors should favor Alphabet or Broadcom in custom chips and hyperscaler partnerships; these articles may be influencing sentiment more than fundamentals. Article Title
• Neutral Sentiment: Broadcom also appears in general AI-stock valuation and “best stock to buy” discussions, which keep it in focus but do not change the business outlook on their own. Article Title
• Negative Sentiment: Chip stocks, including Broadcom, sold off amid a broader tech rotation and geopolitical concerns, with investors moving money out of semiconductors and back into megacap software names. Article Title
• Negative Sentiment: An insider sale of Broadcom shares may be weighing on sentiment, since insider selling can be read as a cautious signal even if it does not necessarily reflect the company’s fundamentals. Article Title

Broadcom Price Performance

The business has a fifty day moving average of $405.29 and a two-hundred day moving average of $364.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24. The firm has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 64.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The business had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter last year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 47.9% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Institutional Trading of Broadcom

A number of hedge funds have recently modified their holdings of AVGO. Vanguard Group Inc. lifted its position in Broadcom by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after acquiring an additional 3,919,715 shares during the last quarter. State Street Corp boosted its holdings in shares of Broadcom by 2.7% during the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after acquiring an additional 5,040,801 shares during the period. Geode Capital Management LLC grew its position in shares of Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after purchasing an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Broadcom by 3.0% in 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 purchasing an additional 2,491,644 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Broadcom during the fourth quarter worth approximately $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

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.