Broadcom (NASDAQ:AVGO) Trading Down 1% – Here’s What Happened

Broadcom Inc. (NASDAQ:AVGO)’s stock price fell 1% during mid-day trading on Thursday . The company traded as low as $324.89 and last traded at $325.49. 24,004,367 shares were traded during trading, a decline of 7% from the average session volume of 25,848,998 shares. The stock had previously closed at $328.80.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Strong industry signals from TSMC and Meta support sustained AI accelerator and custom-chip demand, which underpins Broadcom’s revenue outlook for 2026 and beyond. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
• Positive Sentiment: Cathie Wood’s ARK funds added over 143,000 AVGO shares, signaling conviction from a high-profile growth investor and potentially attracting momentum buyers. Analysts Remain Bullish on Broadcom (AVGO) While Cathie Adds Over 143,000 AVGO Shares
• Positive Sentiment: Analyst coverage remains favorable: a consensus “Buy” appears to persist, supporting investor confidence into upcoming catalysts (earnings, large customer CapEx guides). Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
• Positive Sentiment: Market commentary positions Broadcom as a “picks-and-shovels” play for AI, keeping it in focus alongside peers like ORCL and MU for secular AI spending cycles. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
• Neutral Sentiment: Broker commentary and analyst write-ups continue to highlight Broadcom’s growth profile and reasonable valuation questions after a multi-year run; these can both encourage buys and prompt profit-taking. Is Broadcom (AVGO) Still Reasonably Priced After A 7x Run In Five Years
• Neutral Sentiment: Zacks and other outlets reiterate growth-investor theses and note recent dips as potential entry points; useful background but not an immediate catalyst. Here is Why Growth Investors Should Buy Broadcom Inc. (AVGO) Now
• Negative Sentiment: Cypress Funds trimmed its AVGO stake (about 29k shares), a small but visible instance of institutional selling that can add pressure in the short term. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
• Negative Sentiment: Broadcom has underperformed some peers recently and recorded intraday dips while broader markets rose, highlighting near-term downside sensitivity to sentiment and sector rotation. Broadcom Inc. stock underperforms Wednesday when compared to competitors

Wall Street Analysts Forecast Growth

AVGO has been the topic of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Broadcom in a research note on Thursday, January 15th. Piper Sandler reiterated an “overweight” rating and issued a $430.00 price target (up previously from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Truist Financial increased their price objective on shares of Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Raymond James Financial set a $420.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadcom from $400.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $438.61.

Broadcom Stock Down 1.0%

The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.54 trillion, a PE ratio of 68.38, a PEG ratio of 1.10 and a beta of 1.21. The company’s fifty day moving average is $357.93 and its 200-day moving average is $335.05.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The business had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. On average, analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.65 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 54.62%.

Insider Activity at Broadcom

In other news, insider Charlie B. Kawwas sold 1,928 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $327.80, for a total transaction of $631,998.40. Following the completion of the sale, the insider owned 23,582 shares of the company’s stock, valued at $7,730,179.60. The trade was a 7.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the completion of the sale, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This trade represents a 9.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 779,901 shares of company stock valued at $284,069,237 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Broadcom

Several institutional investors and hedge funds have recently bought and sold shares of AVGO. Baring Financial LLC lifted its holdings in Broadcom by 2.2% in the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 29 shares during the period. Five Oceans Advisors lifted its stake in shares of Broadcom by 0.4% in the 4th quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock valued at $2,835,000 after purchasing an additional 29 shares during the period. Arthur M. Cohen & Associates LLC boosted its position in shares of Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock valued at $1,577,000 after purchasing an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its position in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock valued at $716,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Wealth Partners LLC grew its stake in Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after purchasing an additional 30 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

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.