Insider Selling: Broadcom (NASDAQ:AVGO) Director Sells 800 Shares of Stock

Broadcom Inc. (NASDAQ:AVGO) Director Justine Page sold 800 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $331.14, for a total value of $264,912.00. Following the completion of the transaction, the director owned 21,382 shares in the company, valued at approximately $7,080,435.48. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Justine Page also recently made the following trade(s):

• On Tuesday, October 14th, Justine Page sold 800 shares of Broadcom stock. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00.
• On Monday, September 15th, Justine Page sold 800 shares of Broadcom stock. The shares were sold at an average price of $360.00, for a total transaction of $288,000.00.

Broadcom Trading Down 0.6%

NASDAQ:AVGO traded down $2.15 during trading hours on Tuesday, hitting $340.50. The company had a trading volume of 21,690,628 shares, compared to its average volume of 25,309,104. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.61 trillion, a P/E ratio of 86.86, a P/E/G ratio of 1.37 and a beta of 1.19. The company has a 50-day moving average of $349.03 and a 200 day moving average of $297.23. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $386.48.

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

Broadcom Dividend Announcement

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

Institutional Trading of Broadcom

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVGO. Norges Bank acquired a new stake in Broadcom in the second quarter valued at $18,579,549,000. Nuveen LLC acquired a new stake in Broadcom in the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD grew its stake in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the last quarter. Vanguard Group Inc. raised its position in Broadcom by 1.3% during the second quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock worth $133,261,046,000 after acquiring an additional 6,222,802 shares during the last quarter. Finally, Edgewood Management LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $1,571,438,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research analyst reports. KeyCorp set a $460.00 target price on Broadcom in a report on Monday, October 13th. Wells Fargo & Company raised their price target on shares of Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on Broadcom from $325.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Evercore ISI raised their target price on shares of Broadcom from $342.00 to $403.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Barclays set a $450.00 price objective on shares of Broadcom and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $372.52.

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.