Broadcom (NASDAQ:AVGO) Hits New 1-Year High Following Insider Buying Activity

Broadcom Inc. (NASDAQ:AVGO) shares hit a new 52-week high on Thursday following insider buying activity. The company traded as high as $372.97 and last traded at $369.57, with a volume of 51004415 shares. The stock had previously closed at $336.67.

Specifically, Director Harry L. You bought 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average price of $363.38 per share, with a total value of $181,690.00. Following the completion of the purchase, the director directly owned 35,602 shares of the company’s stock, valued at $12,937,054.76. This represents a 1.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $339.38 per share, with a total value of $339,380.00. Following the completion of the acquisition, the director owned 35,102 shares of the company’s stock, valued at $11,912,916.76. The trade was a 2.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. In related news, Director Harry L. You bought 2,050 shares of Broadcom stock in a transaction dated Monday, September 8th. The stock was acquired at an average cost of $344.78 per share, with a total value of $706,799.00. Following the completion of the acquisition, the director directly owned 34,102 shares in the company, valued at approximately $11,757,687.56. This trade represents a 6.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on Broadcom from $320.00 to $355.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $342.00 price objective (up from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. KeyCorp increased their price objective on Broadcom from $330.00 to $400.00 and gave the stock an “overweight” 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 research note on Wednesday, August 13th. Finally, UBS Group increased their price objective on Broadcom from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $351.92.

Broadcom Price Performance

The stock has a 50 day moving average of $298.61 and a two-hundred day moving average of $240.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.69 trillion, a P/E ratio of 91.74, a P/E/G ratio of 2.04 and a beta of 1.16.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s payout ratio is currently 60.20%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after purchasing an additional 756 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Broadcom by 16.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer’s stock worth $51,283,000 after purchasing an additional 31,225 shares in the last quarter. Numerai GP LLC grew its holdings in shares of Broadcom by 82.7% during the 4th quarter. Numerai GP LLC now owns 3,051 shares of the semiconductor manufacturer’s stock worth $707,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its holdings in shares of Broadcom by 2.0% during the 4th quarter. Polar Capital Holdings Plc now owns 3,055,571 shares of the semiconductor manufacturer’s stock worth $708,404,000 after purchasing an additional 61,029 shares in the last quarter. 76.43% of the stock is owned by institutional investors.

About Broadcom

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.