Broadcom (NASDAQ:AVGO) Stock Purchased by Rep. Rick W. Allen

Representative Rick W. Allen (Republican-Georgia) recently bought shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on September 22nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on August 12th. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 8/12/2026.
• Sold $15,001 – $50,000 in shares of Rollins (NYSE:ROL) on 8/12/2026.
• Sold $15,001 – $50,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/14/2026.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 7/14/2026.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 7/14/2026.

Broadcom Stock Down 1.3%

Shares of NASDAQ AVGO opened at $350.36 on Friday. The firm has a market cap of $1.67 trillion, a price-to-earnings ratio of 44.75 and a beta of 1.44. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00. The business’s 50 day moving average is $376.73 and its two-hundred day moving average is $380.40.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The company’s revenue was up 85.5% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 10.36 EPS for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Broadcom in a research report on Thursday, September 3rd. TD Cowen reiterated a “buy” rating and set a $475.00 target price (down from $500.00) on shares of Broadcom in a report on Thursday, September 3rd. Mizuho raised their price target on shares of Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. BNP Paribas Exane boosted their price target on shares of Broadcom from $675.00 to $715.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Finally, Susquehanna reaffirmed a “positive” rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $527.20.

Hedge Funds Weigh In On Broadcom

A number of institutional investors and hedge funds have recently modified their holdings of AVGO. Networth Advisors LLC lifted its stake in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Core Capital Management & Research inc. acquired a new stake in Broadcom during the second quarter worth approximately $31,000. Harborfront Financial Group LLC purchased a new stake in shares of Broadcom during the 2nd quarter worth approximately $38,000. Cherry Tree Wealth Management LLC lifted its position in shares of Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 40 shares during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Broadcom in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Sanford C. Bernstein reaffirmed its Buy rating, indicating that the firm still sees attractive upside despite the recent pullback.
• Positive Sentiment: Broadcom remains a major beneficiary of custom AI-chip and networking demand. One investment analysis highlighted management’s projections for approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, although these are forecasts rather than guaranteed results. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Analysts and bullish investors continue to point to Broadcom’s exposure to hyperscaler AI infrastructure, custom silicon, networking equipment, and potentially expanding software contributions as drivers of multi-year growth.
• Neutral Sentiment: Valuation is receiving greater scrutiny after Broadcom’s share price rose dramatically over the past five years. One analysis estimates the stock could be undervalued by about 24% based on expected cash generation, but also cautions that AI-demand concerns and regulatory risks could increase volatility. Broadcom Stock May Be 24% Undervalued Following Fresh AI Demand Fears
• Negative Sentiment: The main immediate catalyst is China’s reported review of Broadcom switches used in state-backed data centers. Beijing’s effort to promote domestic semiconductor suppliers and reduce reliance on foreign infrastructure raises concerns about sales, customer access, and geopolitical restrictions. China Surveys Broadcom Switch Use in State Data Centers
• Negative Sentiment: Broader market factors—including higher Treasury yields, rising oil prices, and profit-taking across semiconductor stocks—are adding pressure to high-valuation technology shares. Investors are also questioning whether the pace of AI spending can support Broadcom’s aggressive growth expectations.

Insider Buying and Selling

In related news, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the sale, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,492 shares of company stock worth $20,840,292 in the last ninety days. 1.90% of the stock is owned by corporate insiders.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About Broadcom

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.