Henry Samueli Sells 368,797 Shares of Broadcom (NASDAQ:AVGO) Stock

Key Points

• Henry Samueli, a director at Broadcom, sold 368,797 shares of the company's stock for approximately $124.6 million, reducing his stake by 0.97% to about 37.7 million shares valued at nearly $12.7 billion.
• Broadcom recently reported quarterly earnings of $1.69 per share, exceeding expectations, while its revenue grew 22.0% year-over-year to $15.95 billion.
• The company declared a quarterly dividend of $0.59 per share set to be paid on September 30, offering an annualized yield of 0.7%.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total value of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Broadcom Stock Down 0.5%

AVGO stock traded down $1.57 during trading on Friday, reaching $334.53. 15,450,302 shares of the company traded hands, compared to its average volume of 26,323,549. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The business has a 50 day simple moving average of $312.64 and a 200 day simple moving average of $251.49. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

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

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Benchmark boosted their price objective on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Citigroup upped their target price on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 5th. HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective for the company in a research report on Tuesday, June 24th. Finally, Mizuho boosted their price objective on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Broadcom has an average rating of "Buy" and a consensus price target of $356.48.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc grew its stake in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 36 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new position in Broadcom in the 2nd quarter valued at about $27,000. Institutional investors own 76.43% of the company's stock.

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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