Broadcom (NASDAQ:AVGO) Director Harry You Purchases 1,000 Shares

Key Points

• Harry You, a director at Broadcom, purchased 1,000 shares at an average price of $339.38, increasing his ownership by 2.93% to a total of 35,102 shares valued at approximately $11.9 million.
• Broadcom's stock has seen a significant increase, trading up 9.8% to $369.57, with a trading volume of over 51 million shares compared to its average of nearly 23 million.
• The company recently announced a quarterly dividend of $0.59 per share, with a payout ratio of 60.20%, scheduled for payment on September 30th to shareholders of record.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Harry You acquired 1,000 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of $339.38 per share, for a total transaction of $339,380.00. Following the transaction, the director directly owned 35,102 shares of the company's stock, valued at approximately $11,912,916.76. The trade was a 2.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Broadcom Trading Up 9.8%

Shares of NASDAQ AVGO traded up $32.90 during mid-day trading on Wednesday, reaching $369.57. The company had a trading volume of 51,004,415 shares, compared to its average volume of 22,956,638. The business's 50-day moving average is $296.92 and its 200-day moving average is $239.85. 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 stock has a market cap of $1.74 trillion, a price-to-earnings ratio of 94.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $372.97.

Broadcom (NASDAQ:AVGO - Get Free Report) 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. The firm had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm 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 $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom's dividend payout ratio is 60.20%.

Institutional Investors Weigh In On Broadcom

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Broadcom in the 2nd quarter valued at $18,579,549,000. Nuveen LLC acquired a new stake in Broadcom in the 1st 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 period. GAMMA Investing LLC grew its stake in Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock valued at $2,892,548,000 after acquiring an additional 17,181,652 shares during the period. Finally, Vanguard Group Inc. grew its stake in Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of Broadcom in a research note on Friday, June 6th. Cowen reaffirmed a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Benchmark upped their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, Sanford C. Bernstein upped their price objective on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Three equities research 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 MarketBeat.com, Broadcom presently has an average rating of "Buy" and an average price target of $351.92.

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.

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