Broadcom (NASDAQ:AVGO) Shares Down 4.7% – Time to Sell?

22 Jun 2026, 21:21 by Michael Walen · The Markets Daily

Broadcom Inc. (NASDAQ:AVGO – Get Free Report) dropped 4.7% during mid-day trading on Monday . The company traded as low as $391.91 and last traded at $392.13. 25,278,762 shares were traded during mid-day trading, a decline of 4% from the average session volume of 26,371,928 shares. The stock had previously closed at $411.35.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s AI semiconductor and networking demand is driving record sales, with strong bookings and customer commitments suggesting more upside ahead. Broadcom’s AI Push Boosts Semiconductor Sales: More Upside Ahead?
Positive Sentiment: Broadcom reported standout fiscal second-quarter results, including total revenue up 48%, semiconductor revenue up 79%, and AI semiconductor revenue up 143% to $10.8 billion, with more than $30 billion in AI bookings supporting future growth. Could Broadcom Be the Best Way to Invest in Artificial Intelligence Right Now?
Positive Sentiment: Analyst coverage remains constructive, with Broadcom receiving a consensus “Moderate Buy,” which can help investor confidence. Broadcom Inc. Receives Consensus Recommendation of “Moderate Buy” from Analysts
Neutral Sentiment: Broadcom is also drawing increased investor attention as traders continue to focus on the stock’s AI exposure and recent earnings momentum. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVGO. KeyCorp reissued an “overweight” rating and issued a $575.00 price target (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a report on Wednesday, April 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $525.00 target price on shares of Broadcom in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.13.

Read Our Latest Stock Analysis on AVGO

Broadcom Stock Down 4.7%

The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.87 trillion, a PE ratio of 65.36, a price-to-earnings-growth ratio of 0.72 and a beta of 1.41. The business’s 50-day moving average price is $411.42 and its 200-day moving average price is $363.34.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, equities research analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.65 dividend. The ex-dividend date is Monday, June 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. Broadcom’s dividend payout ratio is currently 43.33%.

Insider Activity at Broadcom

In other news, Director Justine Page sold 2,018 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total transaction of $712,354.00. Following the completion of the sale, the director owned 18,164 shares in the company, valued at approximately $6,411,892. This represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 4,825 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $394.91, for a total value of $1,905,440.75. Following the transaction, the insider owned 269,989 shares in the company, valued at approximately $106,621,355.99. This trade represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 59,385 shares of company stock worth $21,301,057 over the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Broadcom

Hedge funds and other institutional investors have recently made changes to their positions in the business. ROSS JOHNSON & Associates LLC increased its position in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Networth Advisors LLC boosted its holdings in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares during the period. SWAN Capital LLC grew its position in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Miller Global Investments LLC acquired a new stake in Broadcom in the 4th quarter worth $31,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom during the 4th quarter worth about $33,000. 76.43% of the stock is owned by institutional investors and hedge funds.

About Broadcom

(Get Free Report)

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.