S. Ram Velaga Sells 17,260 Shares of Broadcom (NASDAQ:AVGO) Stock

Broadcom Inc. (NASDAQ:AVGO – Get Free Report) insider S. Ram Velaga sold 17,260 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $352.12, for a total transaction of $6,077,591.20. Following the completion of the transaction, the insider owned 65,932 shares of the company’s stock, valued at approximately $23,215,975.84. The trade was a 20.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

S. Ram Velaga also recently made the following trade(s):

• On Wednesday, April 8th, S. Ram Velaga sold 12,955 shares of Broadcom stock. The stock was sold at an average price of $352.02, for a total transaction of $4,560,419.10.
• On Tuesday, March 17th, S. Ram Velaga sold 38,841 shares of Broadcom stock. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60.
• On Monday, March 16th, S. Ram Velaga sold 25,538 shares of Broadcom stock. The stock was sold at an average price of $326.10, for a total transaction of $8,327,941.80.

Broadcom Stock Performance

AVGO stock opened at $371.46 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The stock has a market cap of $1.76 trillion, a P/E ratio of 72.55, a P/E/G ratio of 0.77 and a beta of 1.24. The firm has a 50 day simple moving average of $326.18 and a 200 day simple moving average of $343.12. Broadcom Inc. has a 52 week low of $161.61 and a 52 week high of $414.61.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the company posted $1.60 earnings per share. Research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Hedge Funds Weigh In On Broadcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC raised its position in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. SWAN Capital LLC raised its position in shares of Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 55 shares during the period. Miller Global Investments LLC bought a new position in shares of Broadcom in the fourth quarter valued at approximately $31,000. JCIC Asset Management Inc. bought a new position in shares of Broadcom in the third quarter valued at approximately $31,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom in the fourth quarter valued at approximately $33,000. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Benchmark restated a “buy” rating and set a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Royal Bank Of Canada cut their price objective on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price objective on shares of Broadcom in a research report on Monday, January 5th. Finally, Bank of America cut their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight 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 $435.30.

Check Out Our Latest Research Report on Broadcom

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
• Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
• Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
• Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
• Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a “Neutral” rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title