Broadcom Inc (AVGO) Insider Kirsten M. Spears Sells 4,000 Shares

Broadcom Inc (NASDAQ:AVGO) insider Kirsten M. Spears sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $306.31, for a total transaction of $1,225,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of AVGO opened at $311.82 on Friday. The company has a market cap of $123.43 billion, a PE ratio of 16.56, a PEG ratio of 1.47 and a beta of 0.68. Broadcom Inc has a 1 year low of $197.46 and a 1 year high of $322.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.27.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, March 14th. The semiconductor manufacturer reported $5.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $1.23. The business had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Broadcom had a return on equity of 30.31% and a net margin of 30.50%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.12 EPS. As a group, equities analysts forecast that Broadcom Inc will post 17.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $2.65 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $10.60 annualized dividend and a yield of 3.40%. Broadcom’s payout ratio is presently 56.29%.

A number of equities research analysts have recently issued reports on AVGO shares. ValuEngine downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. DA Davidson raised their target price on shares of Broadcom to $325.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Jefferies Financial Group raised their target price on shares of Broadcom from $314.00 to $341.00 and gave the stock a “buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. raised their target price on shares of Broadcom from $325.00 to $365.00 in a report on Monday, March 18th. Finally, Deutsche Bank lifted their price target on shares of Broadcom from $300.00 to $330.00 and gave the company a “buy” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $303.03.

A number of large investors have recently added to or reduced their stakes in the stock. BTIM Corp. grew its position in Broadcom by 1.7% in the 1st quarter. BTIM Corp. now owns 1,883 shares of the semiconductor manufacturer’s stock valued at $566,000 after acquiring an additional 32 shares during the last quarter. Lindbrook Capital LLC grew its position in Broadcom by 5.4% in the 1st quarter. Lindbrook Capital LLC now owns 662 shares of the semiconductor manufacturer’s stock valued at $199,000 after acquiring an additional 34 shares during the last quarter. Lincoln National Corp grew its position in Broadcom by 4.1% in the 4th quarter. Lincoln National Corp now owns 929 shares of the semiconductor manufacturer’s stock valued at $236,000 after acquiring an additional 37 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in Broadcom by 1.4% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,948 shares of the semiconductor manufacturer’s stock valued at $886,000 after acquiring an additional 40 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Broadcom by 2.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $346,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 87.00% of the company’s stock.

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Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Insider Buying and Selling by Quarter for Broadcom (NASDAQ:AVGO)

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