Broadcom Inc. (NASDAQ:AVGO) Director Justine Page Sells 254 Shares

Broadcom Inc. (NASDAQ:AVGO) Director Justine Page sold 254 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1,750.26, for a total value of $444,566.04. Following the completion of the sale, the director now owns 2,748 shares in the company, valued at $4,809,714.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Justine Page also recently made the following trade(s):

• On Wednesday, April 10th, Justine Page sold 110 shares of Broadcom stock. The stock was sold at an average price of $1,323.00, for a total value of $145,530.00.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $1,592.21 on Tuesday. Broadcom Inc. has a fifty-two week low of $795.09 and a fifty-two week high of $1,851.62. The business has a 50 day moving average price of $1,407.91 and a two-hundred day moving average price of $1,289.75. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 1.02. The firm has a market cap of $741.16 billion, a PE ratio of 68.48, a price-to-earnings-growth ratio of 3.04 and a beta of 1.17.

Broadcom’s stock is scheduled to split before the market opens on Monday, July 15th. The 10-1 split was announced on Wednesday, June 12th. The newly created shares will be distributed to shareholders after the market closes on Friday, July 12th.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, June 12th. The semiconductor manufacturer reported $10.96 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.18. Broadcom had a return on equity of 35.82% and a net margin of 24.10%. The firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.06 billion. During the same quarter last year, the firm earned $9.51 EPS. Broadcom’s quarterly revenue was up 43.0% on a year-over-year basis. Sell-side analysts expect that Broadcom Inc. will post 36.87 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be issued a dividend of $5.25 per share. This represents a $21.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, June 24th. Broadcom’s dividend payout ratio is presently 90.32%.

Analysts Set New Price Targets

AVGO has been the topic of several recent analyst reports. Sanford C. Bernstein increased their target price on Broadcom from $1,600.00 to $1,950.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Barclays increased their target price on Broadcom from $1,500.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. UBS Group increased their target price on Broadcom from $1,610.00 to $1,735.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Citigroup reiterated a “buy” rating and set a $1,560.00 target price on shares of Broadcom in a research report on Tuesday, June 11th. Finally, Oppenheimer raised their price objective on Broadcom from $1,500.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,673.04.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pathway Financial Advisors LLC lifted its holdings in Broadcom by 11.1% during the 4th quarter. Pathway Financial Advisors LLC now owns 933 shares of the semiconductor manufacturer’s stock worth $1,041,000 after buying an additional 93 shares during the last quarter. Todd Asset Management LLC lifted its holdings in Broadcom by 26.3% during the 4th quarter. Todd Asset Management LLC now owns 79,765 shares of the semiconductor manufacturer’s stock worth $89,038,000 after buying an additional 16,608 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in Broadcom by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 3,141 shares of the semiconductor manufacturer’s stock worth $3,506,000 after buying an additional 91 shares during the last quarter. Barry Investment Advisors LLC bought a new position in Broadcom during the 4th quarter worth approximately $228,000. Finally, Stegent Equity Advisors Inc. bought a new position in Broadcom during the 4th quarter worth approximately $271,000. 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.