Insider Selling: Broadcom (NASDAQ:AVGO) Director Sells $280,120.00 in Stock

Broadcom Inc. (NASDAQ:AVGO) Director Justine Page sold 800 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $350.15, for a total value of $280,120.00. Following the sale, the director owned 22,182 shares of the company’s stock, valued at approximately $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value of $288,000.00.
• On Thursday, August 14th, Justine Page sold 800 shares of Broadcom stock. The shares were sold at an average price of $307.46, for a total value of $245,968.00.

Broadcom Stock Performance

NASDAQ:AVGO opened at $349.33 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The company has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20. The stock has a fifty day moving average price of $327.73 and a 200-day moving average price of $269.24.

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

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 60.20%.

Institutional Investors Weigh In On Broadcom

Institutional investors have recently made changes to their positions in the stock. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at about $27,000. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the 2nd quarter valued at about $28,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the 2nd quarter valued at about $28,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter valued at about $31,000. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AVGO shares. Barclays set a $450.00 price target on Broadcom and gave the stock an “overweight” rating in a report on Tuesday. Bank of America boosted their price target on Broadcom from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Morgan Stanley set a $409.00 price objective on Broadcom and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI boosted their price objective on Broadcom from $342.00 to $403.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the stock 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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has an average rating of “Buy” and an average target price of $372.33.

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.