Broadcom (NASDAQ:AVGO) Director Purchases $181,690.00 in Stock

Key Points

• Director Harry You of Broadcom purchased 500 shares of the company's stock for a total of $181,690, increasing his stake by 1.42% to a total of 35,602 shares valued at approximately $12.94 million.
• Broadcom's stock recently traded at $369.57 after an increase of $32.90, with a market capitalization of $1.74 trillion and a PE ratio of 94.28.
• The company announced a quarterly dividend of $0.59 per share, with an annualized dividend yield of 0.6%, to be paid on September 30th.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Harry You purchased 500 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were acquired at an average price of $363.38 per share, for a total transaction of $181,690.00. Following the purchase, the director directly owned 35,602 shares in the company, valued at approximately $12,937,054.76. The trade was a 1.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Broadcom Stock Performance

Shares of Broadcom stock traded up $32.90 on Wednesday, hitting $369.57. 51,004,415 shares of the company's stock were exchanged, compared to its average volume of 22,956,638. The company has a 50-day simple moving average of $296.92 and a 200-day simple moving average of $239.85. The stock has a market capitalization of $1.74 trillion, a PE ratio of 94.28, a PEG ratio of 1.86 and a beta of 1.16. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $372.97. 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 (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The business 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 company's revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. 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 year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom's payout ratio is 60.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AVGO shares. Evercore ISI restated an "outperform" rating and set a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Wells Fargo & Company lifted their target price on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Barclays lifted their target price on shares of Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price target (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Redburn Atlantic started coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $351.92.

Institutional Trading of Broadcom

A number of large investors have recently made changes to their positions in the business. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc boosted its position in 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 period. Finally, Longfellow Investment Management Co. LLC purchased a new stake in Broadcom in the 2nd quarter valued at about $27,000. 76.43% of the stock is currently 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.

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