Broadcom (NASDAQ:AVGO) Director Sells $288,000.00 in Stock

Key Points

• Broadcom Director Justine Page sold 800 shares of stock on September 15 for a total of $288,000, reducing her position by 3.36% to 22,982 shares valued at approximately $8.27 million.
• Broadcom reported $1.69 EPS in its latest earnings, exceeding analysts' expectations, with a year-over-year revenue increase of 22% to $15.95 billion.
• The company announced a quarterly dividend of $0.59 per share to be paid on September 30, reflecting an annualized payout of $2.36 and a yield of 0.7%.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Justine Page sold 800 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $360.00, for a total transaction of $288,000.00. Following the sale, the director directly owned 22,982 shares of the company's stock, valued at $8,273,520. The trade was a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 14th, Justine Page sold 800 shares of Broadcom stock. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00.
• On Monday, July 14th, Justine Page sold 800 shares of Broadcom stock. The stock was sold at an average price of $274.30, for a total transaction of $219,440.00.
• On Monday, July 14th, Justine Page sold 800 shares of Broadcom stock. The stock was sold at an average price of $274.30, for a total transaction of $219,440.00.

Broadcom Price Performance

Shares of Broadcom stock traded down $13.83 during trading hours on Wednesday, reaching $346.17. 37,739,610 shares of the company's stock were exchanged, compared to its average volume of 26,301,219. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market capitalization of $1.63 trillion, a P/E ratio of 88.31, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The business has a fifty day moving average of $303.88 and a two-hundred day moving average of $244.46. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Announces Dividend

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

Hedge Funds Weigh In On Broadcom

A number of hedge funds have recently modified their holdings of the business. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom during the 1st quarter worth $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom during the 1st quarter worth $26,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Broadcom during the 2nd quarter worth $27,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AVGO shares. Redburn Atlantic started coverage on shares of Broadcom in a research report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price target on the stock. Susquehanna boosted their price target on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, June 6th. Benchmark increased their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Evercore ISI reissued an "outperform" rating and issued a $342.00 price objective (up from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $356.48.

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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