TLDR:
- Flagship Harbor Advisors reduced Broadcom holdings by 6.3% to 45,382 shares worth $10.5M
- Insiders sold 191,278 shares worth $44.9M in recent quarter
- Company beat Q4 earnings estimates with $1.42 EPS vs $1.39 expected
- Revenue grew 51.2% year-over-year to $14.05B
- Stock maintains “Moderate Buy” rating with $225.83 average price target
Broadcom Inc. (NASDAQ: AVGO) faced selling pressure from both institutional investors and company insiders, according to recent regulatory filings, even as the semiconductor manufacturer continues to post strong financial results.
Flagship Harbor Advisors LLC reduced its position in Broadcom by 6.3% during the fourth quarter. The investment firm sold 3,045 shares, leaving it with 45,382 shares valued at approximately $10.5 million according to its latest SEC filing.
The institutional selling coincided with substantial insider transactions. Company insiders sold a total of 191,278 shares valued at $44.9 million during the most recent quarter. Among the notable sellers, CFO Kirsten M. Spears disposed of 12,570 shares at $229.62 per share, while Director Harry L. You sold 6,540 shares at $240.00 per share.

Despite the selling activity, Broadcom’s financial performance remains robust. The company exceeded analyst expectations in its most recent quarterly report, posting earnings per share of $1.42 compared to consensus estimates of $1.39.
Revenue for the quarter reached $14.05 billion, representing a 51.2% increase from the same period last year, though slightly below analyst projections of $14.07 billion.
The company maintains healthy profit margins, with a net margin of 11.43% and return on equity of 28.00%. Operating metrics show a current ratio of 1.17 and a quick ratio of 1.07, indicating stable liquidity.
Broadcom’s commitment to shareholder returns remains evident through its dividend policy. The company recently increased its quarterly dividend to $0.59 per share from $0.53, representing an annualized yield of 1.17% at current price levels.
The stock’s trading patterns show sustained momentum, with shares moving between a 52-week low of $117.43 and a high of $251.88. The current trading price of $202.13 sits below the 50-day moving average of $208.80.
Wall Street analysts maintain a positive outlook on Broadcom. The stock carries a consensus rating of “Moderate Buy” based on three hold ratings and twenty-four buy recommendations.
Several analysts have recently raised their price targets. Bank of America increased their target to $250.00 from $215.00, while Piper Sandler lifted their projection to $250.00 from $200.00.
Citigroup also showed confidence in Broadcom’s prospects, raising their price objective to $205.00 from $175.00 while maintaining a buy rating.
The company’s market capitalization stands at $947.46 billion, with a price-to-earnings ratio of 164.87 and a PEG ratio of 2.52. The stock’s beta of 1.03 indicates volatility roughly in line with the broader market.
Institutional ownership remains substantial, with hedge funds and other institutional investors holding 76.43% of the company’s stock.
Broadcom operates through two primary segments: Semiconductor Solutions and Infrastructure Software, with a global focus on complex digital and mixed signal semiconductor devices.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support