Broadcom (NASDAQ:AVGO) CFO Kirsten Spears Sells 36,292 Shares

Broadcom Inc. (NASDAQ:AVGO) CFO Kirsten Spears sold 36,292 shares of Broadcom stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at $105,407,616. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Broadcom Stock Performance

Broadcom stock opened at $315.93 on Thursday. The company has a market capitalization of $1.50 trillion, a PE ratio of 61.71, a P/E/G ratio of 0.69 and a beta of 1.22. The firm has a fifty day simple moving average of $331.36 and a two-hundred day simple moving average of $345.06. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.Broadcom’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.60 EPS. Research analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a $0.65 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s payout ratio is presently 50.78%.

Institutional Trading of Broadcom

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after buying an additional 6,222,802 shares in the last quarter. State Street Corp increased its stake in Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after acquiring an additional 5,040,801 shares during the last quarter. Geode Capital Management LLC increased its position in Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 worth $29,607,500,000 after buying an additional 2,491,644 shares during the last quarter. Finally, Norges Bank purchased a new stake in Broadcom during the fourth quarter valued at approximately $24,252,196,000. 76.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. raised their price objective on shares of Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Robert W. Baird set a $420.00 price objective on shares of Broadcom in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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: Meta confirmed its MTIA custom‑chip relationship with Broadcom and described multiple MTIA chips for inference — validating a major hyperscaler customer and supporting recurring AI accelerator demand. Why Meta’s AI Chip Announcement Has Broadcom Investors Paying Attention
• Positive Sentiment: Broadcom began production‑volume shipping of the Tomahawk‑6 family, the industry’s first 102.4 Tbps switch — a commercialization milestone that supports near‑term revenue and share gains in AI networking. Broadcom (AVGO) Commences Production Volume Shipping of World’s First 102.4 Tbps Switch
• Positive Sentiment: New optical and Ethernet products (400G DSP, 3.5D XPU) showcased at OFC bolster Broadcom’s AI networking roadmap and underpin analyst upside — a technology tailwind for fiscal 2026 growth. AVGO Boosts AI Growth With New Optical, Ethernet Tech
• Neutral Sentiment: Analyst reaction is mixed but active: several recent price‑target hikes and bullish notes (including Rosenblatt) coexist with critical takes and at least one downgrade narrative — creating two‑sided flow into the tape. Broadcom (AVGO) Stock Sees Five Price Target Hikes in Single Week
• Neutral Sentiment: Corporate events and software cashflow remain supportive: VMware (Broadcom’s software franchise) has public event dates (VMware Explore 2026), which keeps enterprise software visibility high but is not an immediate revenue surprise.
• Negative Sentiment: Large, clustered insider selling: multiple executives (including CFO Kirsten Spears, S. Ram Velaga, Charlie Kawwas and Mark Brazeal) sold substantial positions on March 16–17 — several transactions reduced holdings by double‑digit percentages and totalled tens of millions of dollars each. That selling is pressuring sentiment short‑term. Kirsten M. Spears Form 4 (SEC)
• Negative Sentiment: Meta’s MTIA announcement omitted a GenAI training chip (Olympus), suggesting training‑class revenues could be delayed — limiting upside from that specific, higher‑value segment in the near term. Why Meta’s AI Chip Announcement Has Broadcom Investors Paying Attention

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.