Broadcom (NASDAQ:AVGO) Shares Bought Rep. Rick W. Allen

Key Points

• Rep. Rick W. Allen purchased $1,001–$15,000 of Broadcom shares on August 12, 2026, in addition to buying shares of Taiwan Semiconductor and previously purchasing Broadcom and AMD.
• Broadcom reported strong quarterly results, with EPS of $3.32 and revenue of $29.59 billion; revenue surged 85.5% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $509.04.
• Broadcom shares opened at $354.99, down 2.6%, amid valuation and market concerns. The company also announced a quarterly dividend of $0.65 per share, while insiders have sold more than $20.8 million of stock over the past three months.

Representative Rick W. Allen (Republican-Georgia) recently bought shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on September 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on August 12th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/12/2026.
• Sold $15,001 - $50,000 in shares of Rollins NYSE: ROL on 8/12/2026.
• Sold $15,001 - $50,000 in shares of Abbott Laboratories NYSE: ABT on 7/14/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/14/2026.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 7/14/2026.

Broadcom Stock Down 2.6%

NASDAQ AVGO opened at $354.99 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company's 50 day simple moving average is $377.21 and its 200 day simple moving average is $380.26. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a market capitalization of $1.69 trillion, a P/E ratio of 45.34 and a beta of 1.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.Broadcom's revenue was up 85.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.69 earnings per share. Equities research analysts expect that Broadcom Inc. will post 10.36 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is currently 33.21%.

Insider Activity

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of the company's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares of the company's stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,492 shares of company stock valued at $20,840,292 over the last three months. 1.90% of the stock is owned by insiders.

Institutional Trading of Broadcom

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Broadcom in the fourth quarter valued at about $24,252,196,000. Legal & General Group Plc acquired a new stake in Broadcom in the 2nd quarter valued at about $11,998,148,000. Bank of New York Mellon Corp bought a new position in shares of Broadcom in the second quarter worth about $10,528,191,000. Jupiter Topco LLC bought a new position in shares of Broadcom in the second quarter worth about $7,396,271,000. Finally, State Street Corp lifted its position in shares of Broadcom by 8.7% during the second quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer's stock worth $75,367,711,000 after purchasing an additional 16,651,378 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Analysts Set New Price Targets

AVGO has been the subject of several analyst reports. Rosenblatt Securities began coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $600.00 price objective for the company. DA Davidson set a $350.00 target price on shares of Broadcom and gave the stock a "neutral" rating in a research report on Friday, September 4th. Fox Advisors upgraded Broadcom to an "outperform" rating in a report on Thursday, September 3rd. Wall Street Zen cut Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Broadcom in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $509.04.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom AI-chip opportunity remains the main bullish catalyst. Articles highlighted management’s projections for approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, supported by demand for custom silicon and networking infrastructure. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Analysts and investment writers continue to view Broadcom as a key beneficiary of AI inference spending, particularly as major technology customers seek lower-cost, purpose-built chips rather than relying exclusively on general-purpose processors. A top chip stock analyst sees big things for Nvidia, Broadcom
• Positive Sentiment: Broadcom is also being promoted as an income-and-growth investment because of its history of dividend increases and exposure to AI infrastructure. This may support demand from long-term and income-oriented investors. 3 Companies With a Strong History of Dividend Growth
• Neutral Sentiment: The bullish thesis depends on execution. Broadcom’s ambitious forecasts require sustained customer adoption, successful delivery of custom chips and networking products, and continued expansion of AI infrastructure spending. Can execution catch up with expectations at Broadcom
• Negative Sentiment: China reportedly surveyed Broadcom’s switches used in state-backed data centers as Beijing encourages domestic semiconductor suppliers and reduces reliance on foreign AI infrastructure. The review raises concerns about potential restrictions, lost orders or slower growth in China. China surveys Broadcom switch use in state data centers
• Negative Sentiment: Semiconductor stocks broadly weakened as higher Treasury yields, rising oil prices and a pause in the wider equity rally pressured richly valued growth shares. Broadcom’s elevated valuation increases its sensitivity to any doubts about AI growth or execution. Why are Intel, AMD, Broadcom stocks down

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024. Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction. After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About Broadcom

Broadcom Inc NASDAQ: AVGO designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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