Broadcom (NASDAQ:AVGO) CFO Kirsten Spears Sells 7,498 Shares

Broadcom Inc. (NASDAQ:AVGO) CFO Kirsten Spears sold 7,498 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares of the company’s stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Broadcom Stock Performance

Shares of AVGO stock opened at $345.35 on Friday. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $306.64 and a 200-day moving average of $246.25.

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

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Erste Group Bank raised shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Thursday, June 5th. Susquehanna raised their price objective on shares of Broadcom from $280.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, June 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of Broadcom in a research report on Friday, June 6th. Finally, TD Cowen lifted their price target on shares of Broadcom from $355.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $356.48.

Institutional Trading of Broadcom

Several hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its position in Broadcom by 9.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 66,268 shares of the semiconductor manufacturer’s stock valued at $18,487,000 after purchasing an additional 5,573 shares during the period. WT Wealth Management purchased a new position in Broadcom during the 2nd quarter worth $325,000. Cambridge Financial Group LLC boosted its holdings in Broadcom by 5.3% during the 2nd quarter. Cambridge Financial Group LLC now owns 1,801 shares of the semiconductor manufacturer’s stock worth $497,000 after acquiring an additional 90 shares during the last quarter. NWF Advisory Services Inc. boosted its holdings in Broadcom by 194.1% during the 2nd quarter. NWF Advisory Services Inc. now owns 5,970 shares of the semiconductor manufacturer’s stock worth $1,646,000 after acquiring an additional 3,940 shares during the last quarter. Finally, SevenBridge Financial Group LLC boosted its holdings in Broadcom by 21.8% during the 2nd quarter. SevenBridge Financial Group LLC now owns 14,404 shares of the semiconductor manufacturer’s stock worth $3,970,000 after acquiring an additional 2,577 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

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.