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

Broadcom Inc. (NASDAQ:AVGO) Director Justine Page sold 1,602 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Broadcom Price Performance

Shares of NASDAQ:AVGO traded down $8.41 on Wednesday, hitting $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 twelve month low of $262.73 and a twelve month high of $495.00. 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’s 50 day moving average price is $410.61 and its 200-day moving average price is $362.60. The company has a market capitalization of $1.76 trillion, a price-to-earnings ratio of 61.56, a price-to-earnings-growth ratio of 0.65 and a beta of 1.41.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) 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 business had revenue of $22.19 billion during the quarter, compared to analysts’ expectations of $22.13 billion. During the same quarter last year, the company posted $1.58 EPS. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. 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 (DPR) is presently 43.33%.

Broadcom News Summary

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?

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Broadcom during the fourth quarter valued at $24,252,196,000. Cardano Risk Management B.V. increased its position in Broadcom by 895.2% in the fourth quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock worth $4,391,940,000 after purchasing an additional 11,414,701 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Broadcom by 118.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,739,006 shares of the semiconductor manufacturer’s stock worth $5,799,889,000 after purchasing an additional 10,145,377 shares during the last quarter. State Street Corp raised its holdings in Broadcom by 2.7% during the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after purchasing an additional 5,040,801 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Broadcom by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after purchasing an additional 3,919,715 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AVGO. Royal Bank Of Canada boosted their target price on Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a report on Thursday, June 4th. UBS Group set a $485.00 price objective on Broadcom and gave the company a “buy” rating in a research report on Thursday, June 4th. Evercore reissued an “outperform” rating and issued a $582.00 price objective on shares of Broadcom in a research note on Tuesday, May 19th. Wells Fargo & Company restated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Finally, Oppenheimer restated an “outperform” rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.