Broadcom Inc. (NASDAQ:AVGO - Get Free Report) fell 1.4% during trading on Friday after an insider sold shares in the company. The company traded as low as $340.78 and last traded at $349.33. 20,523,042 shares were traded during trading, a decline of 21% from the average session volume of 26,021,170 shares. The stock had previously closed at $354.15.
Specifically, Director Justine Page sold 800 shares of the business's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total transaction of $280,120.00. Following the completion of the transaction, the director directly owned 22,182 shares in the company, valued at $7,767,027.30. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Wall Street Analyst Weigh In
AVGO has been the topic of several recent analyst reports. Weiss Ratings cut Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. TD Cowen raised their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Macquarie initiated coverage on shares of Broadcom in a research report on Monday, September 15th. They set an "outperform" rating and a $420.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 price objective on shares of Broadcom in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $372.33.
Get Our Latest Analysis on AVGO
Broadcom Price Performance
The stock has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a P/E/G ratio of 1.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm's 50 day simple moving average is $326.84 and its 200 day simple moving average is $267.33.
Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.
Broadcom Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's payout ratio is currently 60.20%.
Institutional Investors Weigh In On Broadcom
A number of hedge funds and other institutional investors have recently modified their holdings of AVGO. Sawyer & Company Inc boosted its position in Broadcom by 62.1% during 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. Longfellow Investment Management Co. LLC bought a new position in shares of Broadcom during the second quarter valued at about $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the second quarter worth about $28,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Broadcom in the second quarter worth about $28,000. Finally, LGT Financial Advisors LLC purchased a new position in Broadcom during the 2nd quarter valued at about $31,000. Institutional investors own 76.43% of the company's stock.
About Broadcom
(
Get Free Report)
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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