Broadcom (NASDAQ:AVGO) Stock Acquired Rep. Cleo Fields

Key Points

• Representative Cleo Fields purchased between $15,001 and $50,000 in shares of Broadcom Inc. (NASDAQ:AVGO) on August 15th, which was disclosed in a filing dated September 3rd.
• Broadcom reported strong quarterly earnings with an EPS of $1.69, beating estimates and showing a revenue increase of 22.0% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.59 per share, which will be paid on September 30th, reflecting an annualized yield of 0.8%.

Representative Cleo Fields (D-Louisiana) recently bought shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on September 03rd, the Representative disclosed that they had bought between $15,001 and $50,000 in Broadcom stock on August 15th. The trade occurred in the Representative's "MORGAN STANLEY - E*TRADE #2" account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/22/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/20/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $50,001 - $100,000 in shares of Amazon.com NASDAQ: AMZN on 8/15/2025.
• Purchased $100,001 - $250,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/15/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 8/14/2025.
• Purchased $50,001 - $100,000 in shares of Broadcom NASDAQ: AVGO on 8/13/2025.

Broadcom Stock Up 9.4%

Shares of NASDAQ AVGO traded up $28.79 during midday trading on Friday, reaching $334.89. The company's stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $356.34. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.43, a PEG ratio of 2.17 and a beta of 1.16. The stock has a 50 day simple moving average of $292.09 and a 200-day simple moving average of $237.25.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The firm's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 88.39%.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of recent research reports. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Citigroup boosted their target price on shares of Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a report on Friday. Oppenheimer restated an "outperform" rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday. Wells Fargo & Company boosted their target price on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $351.00.

Hedge Funds Weigh In On Broadcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the first quarter valued at about $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom in the first quarter valued at about $26,000. Sawyer & Company Inc boosted its position in shares of 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 acquiring an additional 36 shares during the period. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the second quarter valued at about $27,000. 76.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Justine Page sold 800 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 40,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the completion of the sale, the chief executive officer directly owned 482,836 shares of the company's stock, valued at approximately $129,540,070.44. The trade was a 7.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana's 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026. Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor's degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.