Broadcom (NASDAQ:AVGO) Shares Unloaded Rep. Ritchie Torres

Key Points

• Representative Ritchie Torres sold shares of Broadcom Inc. valued between $1,001 and $15,000 on July 11th, as disclosed in a recent filing.
• Broadcom's stock is currently trading at $294.00, having a 52-week range of $134.90 to $317.35 and a market cap of $1.38 trillion.
• The company recently reported $15 billion in revenue for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.59 per share.

Representative Ritchie Torres (D-New York) recently sold shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on July 11th.

Representative Ritchie Torres also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Equity Lifestyle Properties NYSE: ELS on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Northrop Grumman NYSE: NOC on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Emerson Electric NYSE: EMR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 7/11/2025.
• Sold $1,001 - $15,000 in shares of MetLife NYSE: MET on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Equity Residential NYSE: EQR on 7/11/2025.
• Sold $1,001 - $15,000 in shares of McKesson NYSE: MCK on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Ares Management NYSE: ARES on 7/11/2025.
• Sold $1,001 - $15,000 in shares of Otis Worldwide NYSE: OTIS on 7/11/2025.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded up $4.40 during midday trading on Friday, reaching $294.00. 16,278,404 shares of the company traded hands, compared to its average volume of 25,974,541. Broadcom Inc. has a 52 week low of $134.90 and a 52 week high of $317.35. The stock has a 50-day moving average price of $281.94 and a 200 day moving average price of $231.84. 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 cap of $1.38 trillion, a price-to-earnings ratio of 110.11, a PEG ratio of 2.07 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's payout ratio is currently 88.39%.

Insiders Place Their Bets

In related news, Director Gayla J. Delly sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were 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. This represents a 8.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,286,457 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Broadcom

Several hedge funds have recently made changes to their positions in AVGO. Norges Bank purchased a new stake in shares of Broadcom in the 2nd quarter valued at approximately $18,579,549,000. Nuveen LLC purchased a new stake in shares of Broadcom in the 1st quarter valued at approximately $6,649,117,000. Price T Rowe Associates Inc. MD lifted its position in shares of Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock valued at $2,892,548,000 after acquiring an additional 17,181,652 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after acquiring an additional 6,222,802 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Broadcom from $300.00 to $315.00 and gave the company an "overweight" rating in a report on Friday. UBS Group increased their price objective on shares of Broadcom from $270.00 to $290.00 and gave the company a "buy" rating in a report on Friday, June 6th. Bank of America increased their price objective on shares of Broadcom from $240.00 to $300.00 and gave the company a "buy" rating in a report on Friday, June 6th. Redburn Atlantic began coverage on shares of Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price objective for the company. Finally, Barclays boosted their target price on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $298.67.

About Representative Torres

Ritchie Torres (Democratic Party) is a member of the U.S. House, representing New York's 15th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Torres (Democratic Party) ran for re-election to the U.S. House to represent New York's 15th Congressional District. He won in the general election on November 5, 2024. Ritchie Torres lives in the Bronx, New York.

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.

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