Free Trial

Broadcom (NASDAQ:AVGO) Shares Down 1.4% Following Insider Selling

Broadcom logo with Computer and Technology background

Key Points

  • Broadcom's stock fell 1.4% after an insider, Director Justine Page, sold 800 shares at an average price of $350.15, reducing their ownership by 3.48%.
  • Analysts have mixed views on the stock, with Weiss Ratings downgrading Broadcom from "buy" to "hold," while others like TD Cowen have raised their target price from $355 to $370.
  • Broadcom disclosed a quarterly dividend of $0.59, representing an annual yield of 0.7%, with a payout ratio of 60.20%.
  • Interested in Broadcom? Here are five stocks we like better.

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Broadcom Right Now?

Before you consider Broadcom, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadcom wasn't on the list.

While Broadcom currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Fed Decision Day  — What Today’s Move Means for Stocks
Markets Brace for Fed: What Investors Need to Know Before Wednesday
Revealed: Congress’ Biggest Stock Moves This Month

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines