Broadcom (NASDAQ:AVGO) Insider Mark David Brazeal Sells 10,646 Shares

Key Points

• Broadcom insider Mark David Brazeal sold 10,646 shares of the company's stock for a total value of approximately $3.84 million, reducing his ownership by 2.99%.
• The company's stock recently traded at $345.35, with a market capitalization of $1.63 trillion and an average price target from analysts around $356.48.
• Broadcom announced a quarterly dividend of $0.59, with an expected annualized dividend yield of 0.7%.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider Mark David Brazeal sold 10,646 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $360.38, for a total transaction of $3,836,605.48. Following the sale, the insider owned 345,860 shares of the company's stock, valued at $124,641,026.80. This represents a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark David Brazeal also recently made the following trade(s):

• On Wednesday, September 17th, Mark David Brazeal sold 16,558 shares of Broadcom stock. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38.
• On Monday, June 23rd, Mark David Brazeal sold 50,000 shares of Broadcom stock. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00.

Broadcom Trading Down 0.1%

Shares of NASDAQ AVGO traded down $0.41 during midday trading on Friday, reaching $344.94. 41,147,297 shares of the stock were exchanged, compared to its average volume of 27,762,164. The company has a 50 day simple moving average of $308.05 and a 200 day simple moving average of $247.33. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16. 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 twelve month low of $138.10 and a twelve month high of $374.23.

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

Broadcom Announces Dividend

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

Institutional Investors Weigh In On Broadcom

A number of institutional investors and hedge funds have recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in shares of Broadcom in the first quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter valued at about $26,000. Sawyer & Company Inc raised its holdings in shares of Broadcom by 62.1% in the second 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. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of Broadcom in the second quarter valued at about $27,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AVGO. Morgan Stanley raised their price target on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Argus raised their price target on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Bank of America raised their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Truist Financial raised their price target on shares of Broadcom from $295.00 to $365.00 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 assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.