Broadcom (NASDAQ:AVGO) CFO Sells $1,737,391.98 in Stock

Broadcom Inc. (NASDAQ:AVGO) CFO Kirsten Spears sold 4,821 shares of Broadcom stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $360.38, for a total value of $1,737,391.98. Following the completion of the sale, the chief financial officer directly owned 320,828 shares in the company, valued at approximately $115,619,994.64. This represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Broadcom Stock Performance

AVGO opened at $344.94 on Friday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a market capitalization of $1.63 trillion, a PE ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business’s 50-day simple moving average is $308.05 and its 200 day simple moving average is $247.72.

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

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. 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 is currently 60.20%.

Analyst Ratings Changes

Several analysts have issued reports on AVGO shares. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 24th. Benchmark upped their price objective on Broadcom from $315.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Bank of America upped their target price on Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Arete Research raised Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $356.48.

Institutional Trading of Broadcom

Hedge funds have recently added to or reduced their stakes in the business. Watts Gwilliam & Co. LLC raised its stake in shares of Broadcom by 1.2% during the second quarter. Watts Gwilliam & Co. LLC now owns 9,735 shares of the semiconductor manufacturer’s stock valued at $2,683,000 after acquiring an additional 117 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Broadcom by 9.2% during the second quarter. Valeo Financial Advisors LLC now owns 66,268 shares of the semiconductor manufacturer’s stock valued at $18,487,000 after acquiring an additional 5,573 shares during the last quarter. WT Wealth Management bought a new position in shares of Broadcom during the second quarter valued at about $325,000. Cambridge Financial Group LLC raised its stake in shares of Broadcom by 5.3% during the second quarter. Cambridge Financial Group LLC now owns 1,801 shares of the semiconductor manufacturer’s stock valued at $497,000 after acquiring an additional 90 shares during the last quarter. Finally, NWF Advisory Services Inc. raised its stake in shares of Broadcom by 194.1% during the second quarter. NWF Advisory Services Inc. now owns 5,970 shares of the semiconductor manufacturer’s stock valued at $1,646,000 after acquiring an additional 3,940 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Company Profile

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.