Broadcom (NASDAQ:AVGO) Stock Price Down 1.7% – Time to Sell?

Broadcom Inc. (NASDAQ:AVGO) traded down 1.7% during trading on Monday . The stock traded as low as $395.90 and last traded at $399.63. 16,800,132 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 26,092,350 shares. The stock had previously closed at $406.54.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Meta expanded and extended its multi‑generation custom AI processor deal with Broadcom through 2029, giving Broadcom multi‑year design win visibility and revenue backlog for its data‑center AI chips. Meta Platforms (META) Expands AI Chip Deal with Broadcom
• Positive Sentiment: Analysts and outlets are increasingly framing Broadcom as a core AI‑infrastructure play — Bernstein reiterated an Outperform with a $525 target after the Meta extension, supporting upside to the stock’s valuation if execution continues. Broadcom (AVGO) Ranks Among Unrivaled Stocks of the Next 5 Years
• Positive Sentiment: Coverage highlights Broadcom’s software and systems approach as a differentiator that can expand margins and recurring revenue tied to AI infrastructure — a fundamental argument for higher long‑term valuation. How Software Powers Broadcom’s $2 Trillion AI Boom
• Positive Sentiment: Financial media (Motley Fool coverage syndicated on Yahoo/InsiderMonkey) ranks Broadcom among top AI chip picks as hyperscalers (Meta, Google, Anthropic) line up for custom silicon — a validation of addressable market growth. Is Broadcom (AVGO) The Best AI Chip Stock Pick of Motley Fool?
• Neutral Sentiment: Broad macro/sector stories discuss a small group of AI leaders that could rival Apple by 2028 — bullish for the AI theme but speculative on timing and market‑cap parity. Two AI giants that could rival Apple’s market cap by 2028
• Negative Sentiment: Competition/market‑reaction risk: Marvell rallied on reports of Google talks, and that sector noise coincided with Broadcom shares selling off — investors may be rotating into other design partners or reacting to perceived competitive threats. Marvell Stock Rises on Google Talks. What a Potential AI Chip Deal Means for Broadcom.
• Negative Sentiment: Institutional trimming: a notable investor (Sumitomo Mitsui Trust Group) reduced its Broadcom stake, a data‑point that can amplify downward pressure when combined with profit‑taking. Broadcom Inc. $AVGO is Sumitomo Mitsui Trust Group Inc.’s 6th Largest Position

Wall Street Analyst Weigh In

Several research firms recently issued reports on AVGO. Morgan Stanley lifted their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Erste Group Bank lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. Zacks Research upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. increased their target price on Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Trading Down 1.7%

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 78.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. The business has a 50 day simple moving average of $333.37 and a 200 day simple moving average of $345.26.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s revenue was up 29.5% on a year-over-year basis. As a group, equities analysts forecast that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the completion of the sale, the insider directly owned 787,184 shares of the company’s stock, valued at approximately $271,759,532.32. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justine Page sold 2,018 shares of Broadcom stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total value of $712,354.00. Following the completion of the sale, the director directly owned 18,164 shares of the company’s stock, valued at $6,411,892. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AVGO. ROSS JOHNSON & Associates LLC boosted its stake in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC lifted its stake in shares of Broadcom by 261.9% in the 4th 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. JCIC Asset Management Inc. acquired a new position in shares of Broadcom in the 3rd quarter valued at $31,000. Miller Global Investments LLC acquired a new position in shares of Broadcom in the 4th quarter valued at $31,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom in the 4th quarter valued at $33,000. Institutional investors own 76.43% of the company’s stock.

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.