Broadcom (NASDAQ:AVGO) Stock Unloaded Sen. Shelley Moore Capito

Key Points

• Senator Shelley Moore Capito sold shares of Broadcom Inc. (NASDAQ:AVGO) valued between $1,001 and $15,000 on July 18th, as disclosed in a recent filing.
• Broadcom's quarterly earnings report showed an EPS of $1.58, slightly exceeding analyst expectations, with revenue of $15 billion, marking a 20.2% increase year-over-year.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized dividend yield of 0.8%, with a payout ratio of 88.39%.

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on August 04th, the Senator disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on July 18th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of General Dynamics NYSE: GD on 7/31/2025.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 7/31/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 7/31/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 7/30/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/29/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 7/29/2025.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 7/18/2025.
• Sold $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/18/2025.
• Sold $1,001 - $15,000 in shares of Aflac NYSE: AFL on 7/18/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/18/2025.

Broadcom Price Performance

Shares of Broadcom stock opened at $297.72 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. Broadcom Inc. has a one year low of $128.50 and a one year high of $306.95. The business's 50 day simple moving average is $267.94 and its two-hundred day simple moving average is $224.92. The stock has a market capitalization of $1.40 trillion, a P/E ratio of 111.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The firm's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $10.96 earnings per share. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Broadcom declared that its board has initiated a stock repurchase program on Monday, April 7th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

AVGO has been the topic of several recent analyst reports. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Mizuho upped their target price on Broadcom from $315.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. 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 target on the stock. Barclays upped their price objective on shares of Broadcom from $215.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. One research analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $294.92.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 36,350 shares of Broadcom 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 completion of the sale, the chief financial officer directly owned 325,587 shares in the company, valued at $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $274.30, for a total transaction of $219,440.00. Following the transaction, the director owned 24,582 shares in the company, valued at approximately $6,742,842.60. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,224,641 in the last three months. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Broadcom

A number of hedge funds have recently bought and sold shares of AVGO. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Broadcom in the 2nd quarter worth $28,000. LGT Financial Advisors LLC purchased a new position in shares of Broadcom in the second quarter worth $31,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the fourth quarter valued at $28,000. Finally, Maseco LLP purchased a new stake in shares of Broadcom during the second quarter valued at $34,000. Institutional investors own 76.43% of the company's stock.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

Broadcom Company Profile

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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