Broadcom (NASDAQ:AVGO) Shares Acquired Sen. John Boozman

Senator John Boozman (R-Arkansas) recently bought shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on July 09th, the Senator disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on June 11th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Fortune Brands Innovations NYSE: FBIN on 5/30/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 5/30/2025.
• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 5/30/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/20/2025.
• Sold $1,001 - $15,000 in shares of NRG Energy NYSE: NRG on 5/20/2025.
• Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 5/20/2025.
• Sold $1,001 - $15,000 in shares of DTE Energy NYSE: DTE on 5/20/2025.

Broadcom Trading Down 1.1%

AVGO traded down $3.11 during trading on Friday, reaching $283.34. The company had a trading volume of 15,006,524 shares, compared to its average volume of 27,818,679. The stock has a market cap of $1.33 trillion, a P/E ratio of 106.12, a PEG ratio of 2.02 and a beta of 1.12. The business has a 50 day simple moving average of $254.41 and a 200-day simple moving average of $220.25. Broadcom Inc. has a 52 week low of $128.50 and a 52 week high of $288.28. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%. The business's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $10.96 earnings per share. On average, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.83%. Broadcom's dividend payout ratio is currently 88.39%.

Broadcom declared that its board has approved a share repurchase plan on Monday, April 7th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Broadcom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVGO. Norges Bank bought a new position in Broadcom during the 4th quarter valued at $16,893,010,000. Nuveen LLC bought a new position in Broadcom during the 1st quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% during 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 purchasing an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Broadcom by 18,179.3% during the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after acquiring an additional 17,181,652 shares in the last quarter. Finally, GQG Partners LLC boosted its stake in shares of Broadcom by 200.0% during the 4th quarter. GQG Partners LLC now owns 10,213,160 shares of the semiconductor manufacturer's stock worth $2,367,819,000 after acquiring an additional 6,809,245 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the sale, the chief executive officer owned 482,836 shares of the company's stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction 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 sale, the director owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. This represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 830,516 shares of company stock worth $217,224,641. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AVGO has been the subject of several recent analyst reports. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Redburn Atlantic initiated coverage on Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target for the company. Citigroup raised their price target on Broadcom from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Rosenblatt Securities raised their price target on Broadcom from $223.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Mizuho lifted their target price on Broadcom from $315.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $292.08.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.