Rep. Julia Letlow Sells Broadcom Inc. (NASDAQ:AVGO) Shares

Posted by Stephan Jacobs on Mar 24th, 2026

Representative Julia Letlow (Republican-Louisiana) recently sold shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026.
Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026.
Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026.
Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026.
Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026.
Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026.
Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026.
Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026.
Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026.
Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026.

Broadcom Stock Up 3.9%

Shares of AVGO stock opened at $322.51 on Tuesday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The business’s fifty day moving average is $329.84 and its 200-day moving average is $345.72. The stock has a market cap of $1.53 trillion, a PE ratio of 62.99, a price-to-earnings-growth ratio of 0.67 and a beta of 1.22.

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

Broadcom Dividend Announcement

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

Institutional Investors Weigh In On Broadcom

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

Insider Activity

In related news, insider S. Ram Velaga sold 38,841 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares in the company, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kirsten M. Spears sold 36,292 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 428,970 shares of company stock valued at $142,585,321. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AVGO shares. Bank of America lowered their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Mizuho set a $480.00 target price on shares of Broadcom and gave the stock an “outperform” rating in a report on Friday, January 9th. DA Davidson raised Broadcom to a “hold” rating in a report on Friday, February 13th. Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, UBS Group set a $475.00 price objective on Broadcom and gave the stock a “buy” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Get Our Latest Stock Report on AVGO

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Bernstein upgraded Broadcom on AI exposure, prompting a rally as investors digested the firm’s expanding AI backlog and customer wins. This upgrade helped lift sentiment around AVGO. Bernstein Upgrade
Positive Sentiment: Analysts and commentary argue Broadcom’s 2027 AI revenue target ($100B+) may be conservative; management’s disclosed GW customer commitments and secured component supply through 2028 suggest materially larger upside if deployments scale as expected. MarketBeat AI Revenue Analysis
Positive Sentiment: Broadcom is expanding its AI and infrastructure product stack (3.5D XPU, 102.4T Ethernet switch, co-packaged optics) and launched Symantec CBX for security — moves that diversify software and AI infrastructure revenue streams. These product/portfolio updates support the long-term growth thesis. Product Launch
Neutral Sentiment: Quarterly results showed upside to revenue and EPS with strong margins and guidance; this underpins investor confidence but is already priced in to some extent given the run-up in the stock. Earnings Snapshot
Negative Sentiment: Management warned of tightening supply — notably that TSMC is reaching capacity limits — and flagged shortages in other critical components. That raises execution risk for meeting fast-growing AI demand and could pressure near-term deliveries and margins. Supply Constraints
Negative Sentiment: European cloud providers filed an antitrust complaint over Broadcom’s VMware licensing changes, which could lead to regulatory scrutiny, litigation risk and potential revenue headwinds in EMEA if remedies or fines follow. EU Antitrust Complaint

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

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.