Rep. David Taylor Buys Shares of Broadcom Inc. (NASDAQ:AVGO)

Key Points

• Rep. David Taylor disclosed buying $1,001–$15,000 of Broadcom shares on November 5 in a joint brokerage account held by the David Taylor Trust.
• Broadcom shares were reported down 4.8%; its latest quarterly results beat analyst expectations, with revenue up 85.5% year over year.
• Analyst sentiment remains broadly positive, with a MarketBeat average rating of “Moderate Buy,” though a recent downgrade cited risks tied to financing arrangements with AI companies.

Representative David Taylor (Republican-Ohio) recently bought shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on November 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on November 5th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 11/5/2026.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Kroger NYSE: KR on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 11/3/2026.

Broadcom Stock Down 4.8%

NASDAQ:AVGO opened at $347.01 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The company has a market cap of $1.66 trillion, a PE ratio of 42.52 and a beta of 1.49. Broadcom Inc. has a 52-week low of $289.77 and a 52-week high of $495.00. The stock has a 50-day simple moving average of $345.39 and a 200 day simple moving average of $366.55.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. Broadcom's revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.69 EPS. On average, sell-side analysts expect that Broadcom Inc. will post 10.20 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's dividend payout ratio is currently 33.21%.

Institutional Trading of Broadcom

A number of hedge funds have recently bought and sold shares of the business. Wallace Advisory Group LLC raised its position in Broadcom by 6.4% in the third quarter. Wallace Advisory Group LLC now owns 4,645 shares of the semiconductor manufacturer's stock worth $1,631,000 after acquiring an additional 280 shares during the period. Vista Cima Wealth Management LLC boosted its position in shares of Broadcom by 5.4% during the 3rd quarter. Vista Cima Wealth Management LLC now owns 7,510 shares of the semiconductor manufacturer's stock valued at $2,637,000 after acquiring an additional 385 shares during the last quarter. First Trust Bank Ltd. grew its position in Broadcom by 35.9% in the third quarter. First Trust Bank Ltd. now owns 18,992 shares of the semiconductor manufacturer's stock worth $6,670,000 after acquiring an additional 5,012 shares in the last quarter. Cornermen Financial LLC purchased a new position in shares of Broadcom during the third quarter worth approximately $2,357,000. Finally, Medallion Wealth Advisors LLC boosted its holdings in Broadcom by 4.7% during the 3rd quarter. Medallion Wealth Advisors LLC now owns 4,325 shares of the semiconductor manufacturer's stock valued at $1,519,000 after acquiring an additional 194 shares during the period. 76.43% of the stock is currently owned by institutional investors.

More Broadcom News

Here's some of the latest news about AVGO:

• Positive Sentiment: Broadcom could benefit as cloud providers diversify beyond NVIDIA and invest in custom AI chips. The company designs custom ASICs for hyperscalers, and Anthropic’s disclosed spending commitments have been cited as support for Broadcom’s growth outlook. Anthropic’s S-1 strengthens the case for Broadcom’s AI growth
• Neutral Sentiment: Broadcom had recently rallied as investors considered whether NVIDIA’s leadership turmoil could redirect demand to rival chipmakers. NVIDIA’s rebound on Friday, however, prompted some investors to reassess that rotation. AMD, Broadcom stocks fall as Nvidia rebounds
• Negative Sentiment: Rothschild & Co Redburn cut AVGO to Neutral from Buy and lowered its price target by 33%, from $595 to $398. It flagged risk from Broadcom’s growing exposure to AI financing arrangements, including reliance on AI companies such as Anthropic and OpenAI that are not yet self-funding. Broadcom stock falls as firm flags AI financing risks

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AVGO shares. DA Davidson upgraded shares of Broadcom from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $350.00 to $400.00 in a report on Tuesday, October 27th. Wedbush started coverage on shares of Broadcom in a report on Tuesday, October 27th. They set an "outperform" rating for the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $600.00 target price on shares of Broadcom in a research report on Tuesday, October 27th. Wall Street Zen downgraded shares of Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Broadcom from $525.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of "Moderate Buy" and an average price target of $525.19.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

About Broadcom

Broadcom Inc. is a global technology company that designs and supplies semiconductor products and infrastructure software. Its semiconductor portfolio includes chips and components used in networking, broadband communications, wireless connectivity, data storage, and industrial applications. The company serves businesses across a range of industries, including communications, enterprise technology, and consumer electronics. Broadcom also provides infrastructure software, including products for virtualization, cloud computing, cybersecurity, and enterprise operations.

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