Broadcom (NASDAQ:AVGO) Insider Sells $1,354,063.26 in Stock

Key Points

• Charlie Kawwas, an insider at Broadcom, sold 3,893 shares of the company's stock on September 17th for a total of approximately $1.35 million, reducing his ownership by 13.34%.
• Broadcom's recent quarterly earnings showed an EPS of $1.69, exceeding estimates and marking a 22% revenue increase year-over-year, with total revenues reaching $15.95 billion.
• The company declared a quarterly dividend of $0.59 per share, which will be paid out on September 30th, providing a 0.7% yield for investors.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Broadcom Stock Down 0.1%

Shares of AVGO traded down $0.41 during midday trading on Friday, reaching $344.94. 41,147,297 shares of the stock were exchanged, compared to its average volume of 27,762,164. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company's 50 day moving average is $306.64 and its two-hundred day moving average is $246.25. The company has a market capitalization of $1.63 trillion, a P/E ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Hedge Funds Weigh In On Broadcom

Institutional investors have recently added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC purchased a new stake in Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at $26,000. Sawyer & Company Inc raised its position in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new stake in Broadcom in the second quarter valued at $27,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Bank of America raised their price objective on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. TD Cowen lifted their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Citigroup lifted their price target on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and an average target price of $356.48.

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.