Broadcom (NASDAQ:AVGO) Sets New 1-Year High on Insider Buying Activity

Broadcom Inc. (NASDAQ:AVGO) shares reached a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The company traded as high as $372.97 and last traded at $369.57, with a volume of 51004415 shares changing hands. The stock had previously closed at $336.67.

Specifically, Director Harry L. You bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of $363.38 per share, with a total value of $181,690.00. Following the transaction, the director owned 35,602 shares in the company, valued at $12,937,054.76. This trade represents a 1.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harry L. You bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were acquired at an average cost of $339.38 per share, with a total value of $339,380.00. Following the transaction, the director owned 35,102 shares in the company, valued at approximately $11,912,916.76. This represents a 2.93% increase in their position. The disclosure for this purchase can be found here. In other news, Director Harry L. You acquired 2,050 shares of the stock in a transaction on Monday, September 8th. The stock was bought at an average price of $344.78 per share, with a total value of $706,799.00. Following the completion of the transaction, the director directly owned 34,102 shares of the company’s stock, valued at $11,757,687.56. The trade was a 6.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several recent research reports. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, June 6th. HSBC raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Tuesday, June 24th. UBS Group increased their price objective on shares of Broadcom from $290.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Barclays raised their price target on shares of Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Morgan Stanley raised their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $354.04.

Broadcom Price Performance

The business’s 50-day moving average price is $300.31 and its two-hundred day moving average price is $241.98. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. During the same period last year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 60.20%.

Hedge Funds Weigh In On Broadcom

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer’s stock valued at $51,283,000 after buying an additional 31,225 shares during the last quarter. Redwood Investment Management LLC lifted its stake in Broadcom by 52.1% in the fourth quarter. Redwood Investment Management LLC now owns 5,700 shares of the semiconductor manufacturer’s stock valued at $1,322,000 after buying an additional 1,952 shares during the last quarter. Finally, Sig Brokerage LP bought a new stake in Broadcom in the fourth quarter valued at $718,000. 76.43% of the stock is currently owned by institutional investors.

About Broadcom

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.