Rep. Cleo Fields Buys Broadcom Inc. (NASDAQ:AVGO) Stock

Key Points

• Representative Cleo Fields purchased shares of Broadcom Inc. (NASDAQ:AVGO) valued between $50,001 and $100,000, as disclosed on September 3rd, indicating his confidence in the company's future.
• Broadcom's stock recently opened at $306.10, showing a significant rise and strong performance over the past year, with a market cap of $1.44 trillion and a P/E ratio of 114.64.
• Broadcom declared a quarterly dividend of $0.59 per share, reflecting a solid return for investors, with a total annualized dividend yield of 0.8%.

Representative Cleo Fields (D-Louisiana) recently bought shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on September 03rd, the Representative disclosed that they had bought between $50,001 and $100,000 in Broadcom stock on August 13th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/22/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/20/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $50,001 - $100,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/14/2025.

Broadcom Price Performance

AVGO stock traded up $28.79 during mid-day trading on Friday, reaching $334.89. 78,318,626 shares of the company traded hands, compared to its average volume of 17,635,120. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. The company has a market capitalization of $1.58 trillion, a P/E ratio of 85.43, a P/E/G ratio of 2.17 and a beta of 1.16. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34. The company has a fifty day moving average price of $292.09 and a 200-day moving average price of $237.25.

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 analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 37.17% and a net margin of 31.59%.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 previous year, the firm earned $1.24 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts anticipate 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. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's payout ratio is presently 88.39%.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director owned 33,352 shares in the company, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kirsten M. Spears sold 36,350 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the transaction, the chief financial officer owned 325,587 shares of the company's stock, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 830,516 shares of company stock valued at $217,286,457. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AVGO shares. Oppenheimer reissued an "outperform" rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday. Bank of America boosted their price objective on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a report on Friday, June 6th. Finally, Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $351.00.

Institutional Trading of Broadcom

A number of hedge funds have recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at approximately $26,000. Sawyer & Company Inc lifted its position in 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 purchasing an additional 36 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in Broadcom in the second quarter valued at approximately $27,000. Institutional investors own 76.43% of the company's stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.