10 Large-Cap Stocks Insiders Are Selling Recently

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Insiders Selling: 8

Market Capitalization: $1.084T

Broadcom is a company that develops and produces semiconductors for wired and wireless communications, enterprise storage, and industrial applications. It is seventh among 10 large-cap stocks insiders are selling recently and of the 13 Best Dividend Growth Stocks With 10%+ Yearly Increases.

Over the last two months, eight insiders, including the President and CEO, and CFO, sold a total of $44.96 million worth of Broadcom shares at an average price of $234 per share. Broadcom shares are currently trading at $235.04 per share, having gained 1.38% since the beginning of the year. Over the last 12 months, the stock grew 85.80%.

Broadcom has been raising its dividend payouts for 14 consecutive years, thanks to its cash position. In the latest quarter, the company’s operating cash flow reached $5.6 billion and free cash flow was $5.48 billion, which represented 39% of its total revenue. Currently, it pays a quarterly dividend of $0.59 per share and has a dividend yield of 1.05%, as of February 8.

In the fourth quarter of 2024, Broadcom reported revenue of $14.05 billion, representing a 51% year-over-year growth. Semiconductor revenue reached a record high of $30.1 billion, with AI revenue surging 220% from the previous year, totaling $12.2 billion. The growth in revenue is attributed to the company’s professional AI XPUs and Ethernet networking solutions.

As per data from StockAnalysis, a consensus rating from 26 analysts is “Strong Buy,” and the 12-month stock price target is $222.58, representing a decrease of 5.30% from the latest price.