Rep. John McGuire Sells Shares of Broadcom Inc. (NASDAQ:AVGO)

Key Points

• Rep. John McGuire sold between $1,001 and $15,000 of Broadcom stock on September 24 in his Merrill Lynch SEP IRA. He also recently bought Micron and NVIDIA shares and sold Apple stock.
• Broadcom reported quarterly EPS of $3.32 and revenue of $29.59 billion, beating analyst estimates; revenue increased 85.5% year over year. The company pays a quarterly dividend of $0.65 per share, yielding about 0.8% annually.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $530.52. Institutional investors own approximately 76.43% of Broadcom’s shares.

Representative John McGuire (Republican-Virginia) recently sold shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on November 1st, the Representative disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on September 24th. The trade occurred in the Representative's "MERRILL LYNCH SEP IRA" account.

Representative John McGuire also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 10/1/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 9/25/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 9/24/2026.
• Sold $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/18/2026.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 8/18/2026.

Broadcom Stock Performance

Broadcom stock opened at $322.23 on Tuesday. The company has a 50 day moving average price of $351.88 and a 200-day moving average price of $366.79. The company has a market capitalization of $1.54 trillion, a PE ratio of 41.15 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom's revenue was up 85.5% compared to the same quarter last year. During the same period last year, the company posted $1.69 earnings per share. As a group, equities analysts forecast that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom's payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

A number of analysts have commented on AVGO shares. Evercore set a $578.00 price target on Broadcom and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. Jefferies Financial Group initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued a "buy" rating and a $550.00 target price for the company. Citic Securities upgraded shares of Broadcom to a "buy" rating and upped their price objective for the stock from $450.00 to $525.00 in a research report on Tuesday, September 8th. President Capital raised their target price on Broadcom from $520.00 to $546.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Finally, Piper Sandler began coverage on Broadcom in a research note on Wednesday, September 9th. They issued an "overweight" rating and a $460.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Broadcom currently has a consensus rating of "Moderate Buy" and an average target price of $530.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AVGO. Canvas Wealth Advisors LLC lifted its holdings in Broadcom by 10.1% during the third quarter. Canvas Wealth Advisors LLC now owns 11,247 shares of the semiconductor manufacturer's stock worth $3,880,000 after acquiring an additional 1,029 shares during the period. Asset One Wealth Management LLC grew its stake in Broadcom by 13.8% in the 3rd quarter. Asset One Wealth Management LLC now owns 27,351 shares of the semiconductor manufacturer's stock valued at $9,606,000 after purchasing an additional 3,319 shares during the period. International Assets Investment Management LLC grew its stake in Broadcom by 3.6% in the 3rd quarter. International Assets Investment Management LLC now owns 70,921 shares of the semiconductor manufacturer's stock valued at $24,431,000 after purchasing an additional 2,496 shares during the period. Allegiance Financial Group Advisory Services LLC increased its position in shares of Broadcom by 32.7% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,494 shares of the semiconductor manufacturer's stock valued at $525,000 after purchasing an additional 368 shares during the last quarter. Finally, Alta Advisers Ltd increased its position in shares of Broadcom by 86.2% during the 3rd quarter. Alta Advisers Ltd now owns 34,036 shares of the semiconductor manufacturer's stock valued at $11,953,000 after purchasing an additional 15,757 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

About Representative McGuire

John McGuire (Republican Party) is a member of the U.S. House, representing Virginia's 5th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McGuire (Republican Party) is running for re-election to the U.S. House to represent Virginia's 5th Congressional District. He declared candidacy for the 2026 election. John McGuire was born in Richmond, Virginia. McGuire graduated from Henrico High School. He served as a U.S. Navy Seal from 1988 to 1998. His professional experience includes founding SEAL Team Physical Training Inc.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company's semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.

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