<div id="readability-page-1"><p>Broadcom Inc. (NASDAQ:AVGO - Get Free Report) CEO Hock E. Tan sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $163.37, for a total value of $8,168,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,331,910 shares in the company, valued at $217,594,136.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.</p><h2>Broadcom Stock Performance</h2><ul><li>Congress Members Are Buying These 3 Hot Stocks</li></ul><p>Shares of Broadcom stock traded up $5.75 on Thursday, hitting $167.42. 32,410,491 shares of the company's stock were exchanged, compared to its average volume of 31,420,787. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04. The stock has a market capitalization of $779.32 billion, a PE ratio of 7.20, a PEG ratio of 2.55 and a beta of 1.16. Broadcom Inc. has a 1 year low of $79.51 and a 1 year high of $185.16. The company has a 50-day simple moving average of $156.94 and a 200-day simple moving average of $146.43. </p><p>Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. The business had revenue of $13.07 billion during the quarter, compared to analyst estimates of $12.98 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. Broadcom's revenue for the quarter was up 47.3% on a year-over-year basis. As a group, equities analysts anticipate that Broadcom Inc. will post 3.77 EPS for the current year. </p><h2>Broadcom Increases Dividend</h2><ul><li>Broadcom Serves Up a Trend-Following Entry for Investors</li></ul><p>The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.27%. This is a positive change from Broadcom's previous quarterly dividend of $0.53. The ex-dividend date is Thursday, September 19th. Broadcom's dividend payout ratio is currently 9.12%. </p><h2>Analysts Set New Price Targets</h2><p>Several equities research analysts have commented on AVGO shares. Evercore ISI boosted their target price on Broadcom from $162.00 to $201.00 and gave the stock an &#34;outperform&#34; rating in a report on Thursday, June 13th. Sanford C. Bernstein raised their price objective on shares of Broadcom from $160.00 to $195.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, June 13th. Wells Fargo &amp; Company upped their target price on shares of Broadcom from $143.00 to $170.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Thursday, June 13th. TD Cowen raised shares of Broadcom to a &#34;strong-buy&#34; rating in a research report on Monday. Finally, Jefferies Financial Group increased their target price on Broadcom from $155.00 to $205.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Broadcom presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $189.23.</p><br/><ul><li>Marvell Technology AI Boom is Just Getting Started with ASIC </li></ul><p><b>Get Our Latest Report on AVGO</b></p><h2>Hedge Funds Weigh In On Broadcom</h2><p>Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Broadcom by 3.0% during the first quarter. Vanguard Group Inc. now owns 44,651,273 shares of the semiconductor manufacturer's stock worth $59,181,244,000 after purchasing an additional 1,303,462 shares in the last quarter. Capital International Investors grew its holdings in Broadcom by 4.5% during the 4th quarter. Capital International Investors now owns 23,330,880 shares of the semiconductor manufacturer's stock valued at $26,044,294,000 after buying an additional 1,006,223 shares in the last quarter. Northern Trust Corp raised its position in shares of Broadcom by 3.7% during the fourth quarter. Northern Trust Corp now owns 4,825,465 shares of the semiconductor manufacturer's stock valued at $5,386,425,000 after buying an additional 170,063 shares during the last quarter. Jennison Associates LLC raised its position in shares of Broadcom by 43.9% during the first quarter. Jennison Associates LLC now owns 4,141,025 shares of the semiconductor manufacturer's stock valued at $5,488,556,000 after buying an additional 1,263,957 shares during the last quarter. Finally, Legal &amp; General Group Plc lifted its holdings in shares of Broadcom by 2.2% in the second quarter. Legal &amp; General Group Plc now owns 3,963,063 shares of the semiconductor manufacturer's stock worth $6,362,816,000 after buying an additional 83,846 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock. </p><h2>About Broadcom</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Broadcom</li><li>Where Do I Find 52-Week Highs and Lows?</li><li>Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge</li><li>What Investors Need to Know to Beat the Market</li><li>How the Fed’s Rate Cut Could Supercharge These 3 ETFs</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>Microsoft Stock: 3 Reasons It’s Ready to Crush Q4</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZHTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZHTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Have you heard of this 5-Day Challenge yet? <span><span>(From InvestorPlace)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjEy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05NjEy"/></p><h2>Should you invest $1,000 in Broadcom right now?</h2><p>Before you consider Broadcom, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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AVGO

<p>Broadcom Inc. CEO Hock E. Tan sold 50,000 shares of the company's stock for $168,500 on September 17th. Post-sale, he owns 1,331,910 shares valued at approximately $594,136.70. The transaction was disclosed to the SEC. Broadcom's stock recently traded at $42.75, with a market cap of $232 billion. The company reported a 47.3% year-over-year revenue increase and announced a quarterly dividend of $1.53, payable on September 30th. Analysts have a consensus target price of $623.23 for Broadcom, with a majority rating it as a "Moderate Buy."</p>

Broadcom Inc. (NASDAQ:AVGO) CEO Sells $8,168,500.00 in Stock