Broadcom (NASDAQ:AVGO) Stock Acquired Sen. John Boozman

Senator John Boozman (R-Arkansas) recently bought shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on July 09th, the Senator disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on June 11th.

Senator John Boozman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Invesco Short Term Treasury ETF (NYSEARCA:TBLL) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of Fortune Brands Innovations (NYSE:FBIN) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 5/30/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of NRG Energy (NYSE:NRG) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 5/20/2025.
• Sold $1,001 – $15,000 in shares of DTE Energy (NYSE:DTE) on 5/20/2025.

Broadcom Stock Down 1.1%

Shares of Broadcom stock opened at $283.34 on Friday. The stock has a market capitalization of $1.33 trillion, a P/E ratio of 106.12, a PEG ratio of 2.02 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $254.41 and a two-hundred day moving average price of $220.25. Broadcom Inc. has a 12-month low of $128.50 and a 12-month high of $288.28.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%. The business had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. During the same period in the prior year, the company posted $10.96 earnings per share. Broadcom’s revenue was up 20.2% on a year-over-year basis. Equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.83%. Broadcom’s payout ratio is presently 88.39%.

Broadcom declared that its board has authorized a stock buyback plan on Monday, April 7th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom during the 1st quarter valued at about $26,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Finally, Sunbeam Capital Management LLC purchased a new position in Broadcom during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AVGO shares. Hsbc Global Res upgraded Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Seaport Res Ptn raised Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. Mizuho raised their price target on Broadcom from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday. Erste Group Bank raised Broadcom from a “hold” rating to a “buy” rating in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of Broadcom in a research note on Friday, June 6th. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Broadcom presently has an average rating of “Buy” and a consensus target price of $292.08.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 117,758 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $252.91, for a total value of $29,782,175.78. Following the sale, the chief executive officer directly owned 1,014,152 shares of the company’s stock, valued at $256,489,182.32. The trade was a 10.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Henry Samueli sold 473,898 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock worth $217,224,641 over the last 90 days. 2.00% of the stock is owned by insiders.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas’ U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman’s academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.