Broadcom (NASDAQ:AVGO) Director Gayla Delly Sells 1,000 Shares

Broadcom Inc. (NASDAQ:AVGO) Director Gayla Delly sold 1,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the transaction, the director owned 32,352 shares in the company, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadcom Stock Up 2.2%

Broadcom stock traded up $8.26 during midday trading on Monday, hitting $379.81. 23,828,927 shares of the company’s stock were exchanged, compared to its average volume of 26,379,961. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. Broadcom Inc. has a 12 month low of $161.61 and a 12 month high of $414.61. The firm has a 50-day moving average of $326.18 and a two-hundred day moving average of $343.15. The company has a market cap of $1.80 trillion, a PE ratio of 74.18, a P/E/G ratio of 0.77 and a beta of 1.24.

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

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a report on Friday, January 30th. Mizuho set a $480.00 price target on shares of Broadcom and gave the company an “outperform” rating in a report on Friday, January 9th. Benchmark restated a “buy” rating and issued a $485.00 price target on shares of Broadcom in a report on Thursday, March 5th. Erste Group Bank cut shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $435.30.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: UBS says Broadcom’s extended deal with Google (through 2031, covering future TPUs) meaningfully boosts confidence in its AI outlook and eases fears that Google might switch suppliers. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Several bullish analyst and retail‑investor writeups highlight Broadcom as a momentum/AI pick given strong Q1 results and forecasts for rapid AI chip and networking growth. Are You Looking for a Top Momentum Pick? Why Broadcom Inc. (AVGO) is a Great Choice
• Positive Sentiment: Market commentary and earnings follow‑ups (Fool, Zacks, Yahoo) are crediting Broadcom’s close ties to Alphabet and record Q1 revenue — reinforcing the narrative of durable AI demand driving top‑line and margin upside. Great News for Broadcom Stock Investors
• Positive Sentiment: Semiconductor group strength and technical breakout commentary suggest sector rotation into high‑quality chip names (Broadcom cited alongside peers), which supports continued price momentum. Semiconductors Lead Rally: Broadcom, Marvell Breakout
• Neutral Sentiment: Shorter‑term technical pieces note that after a rapid move higher, consolidation could precede another fast advance — a trading observation rather than fundamental news. Stock Of The Day: Will The Broadcom Rally Continue?
• Neutral Sentiment: General investor‑interest pieces (Yahoo/Zacks summaries) explain why AVGO is drawing attention; useful for context but not new catalyst news. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Multiple filings and reports show recent insider selling (multi‑million dollar dispositions and individual officer sales), which can raise governance/stock‑supply concerns for some investors. Insider Selling: Broadcom (NASDAQ:AVGO) Insider Sells $6,077,591.20 in Stock
• Negative Sentiment: Additional insider transactions (including a 10,000‑share sale by an exec) add to the disclosure of sell activity that some traders view as a caution. Charlie Kawwas Sells 10,000 Shares of Broadcom (NASDAQ:AVGO) Stock

Hedge Funds Weigh In On Broadcom

Several hedge funds and other institutional investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $4,251,000. Purpose Unlimited Inc. purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $14,371,000. Painted Porch Advisors LLC raised its position in shares of Broadcom by 28.2% in the 4th quarter. Painted Porch Advisors LLC now owns 1,665 shares of the semiconductor manufacturer’s stock valued at $576,000 after purchasing an additional 366 shares during the last quarter. Cornerstone Planning LLC purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $7,049,000. Finally, AMG Asset Management Group Inc. purchased a new position in shares of Broadcom in the 4th quarter valued at approximately $833,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

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.