Broadcom (NASDAQ:AVGO) Director Justine Page Sells 1,602 Shares

Broadcom Inc. (NASDAQ:AVGO) Director Justine Page sold 1,602 shares of Broadcom stock in a transaction that occurred 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 completion of the transaction, the director directly owned 17,426 shares in the company, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Justine Page also recently made the following trade(s):

• On Wednesday, April 8th, Justine Page sold 2,018 shares of Broadcom stock. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00.

Broadcom Stock Performance

NASDAQ:AVGO traded down $8.41 during midday trading on Wednesday, reaching $369.34. The stock had a trading volume of 23,640,068 shares, compared to its average volume of 26,488,123. Broadcom Inc. has a 1-year low of $262.73 and a 1-year high of $495.00. The firm’s fifty day simple moving average is $410.61 and its 200-day simple moving average is $362.60. 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 stock has a market capitalization of $1.76 trillion, a P/E ratio of 61.56, a PEG ratio of 0.65 and a beta of 1.41.

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

Broadcom Dividend Announcement

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

Institutional Investors Weigh In On Broadcom

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after purchasing an additional 3,919,715 shares in the last quarter. State Street Corp boosted its holdings in Broadcom by 2.7% during the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock valued at $65,788,194,000 after purchasing an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Broadcom by 1.4% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Broadcom by 3.0% in the 4th 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 period. Finally, Norges Bank bought a new stake in shares of Broadcom in the 4th quarter valued at approximately $24,252,196,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: UBS reaffirmed its Buy rating and $485 price target on Broadcom, citing strong demand for its AI ASICs and growing momentum tied to customers like OpenAI and Anthropic. UBS Reaffirms Buy Rating on Broadcom (AVGO) Amid AI ASIC Demand and OpenAI, Anthropic Growth
• Positive Sentiment: Jefferies reiterated a Buy rating and a $550 price target, signaling substantial upside if Broadcom’s AI and custom-silicon growth continues. Analyst updates Broadcom (AVGO) stock price target
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 EPS estimates for Broadcom and kept a Buy rating, reinforcing expectations for strong earnings growth ahead. Broadcom estimate revisions
• Positive Sentiment: Coverage focused on Broadcom’s custom AI silicon and its “Jalapeño” accelerator partnership with OpenAI is highlighting the company as a key beneficiary of the AI infrastructure buildout. What Broadcom (AVGO)’s Jalapeño AI Accelerator Partnership With OpenAI Means For Shareholders
• Neutral Sentiment: Several articles compared Broadcom with NVIDIA and Marvell, but the overall takeaway was that Broadcom remains a leading AI-chip contender rather than a new catalyst on its own. Broadcom vs Nvidia: The $100B AI Race and One Winner
• Negative Sentiment: Investor concern persists after Broadcom’s recent pullback, with some reports noting the stock is more than 20% below highs and that insiders have made large sales in recent weeks. Monster insider trading alert for Broadcom (AVGO) stock
• Negative Sentiment: One report also framed Broadcom’s recent slide as a “rare moment of calm” after a sharp drop, suggesting traders are still digesting valuation and momentum risks. Broadcom Just Cratered 16% in a Month. Is It Time to Sell, or Buy More?

Analyst Ratings Changes

A number of brokerages have recently commented on AVGO. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Weiss Ratings downgraded shares of Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Bank of America boosted their target price on shares of Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Zacks Research cut shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Seaport Research Partners restated a “neutral” rating on shares of Broadcom in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.24.

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.