Rep. Rick W. Allen Purchases Broadcom Inc. (NASDAQ:AVGO) Stock

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 Trading Down 2.6%

NASDAQ:AVGO opened at $354.99 on Thursday. The firm has a market capitalization of $1.69 trillion, a P/E ratio of 45.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The company’s 50-day simple moving average is $377.21 and its 200 day simple moving average is $380.26.

Broadcom (NASDAQ:AVGO) last announced its earnings results 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 net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the firm earned $1.69 earnings per share. The business’s revenue for the quarter was up 85.5% on a year-over-year basis. As a group, analysts forecast that Broadcom Inc. will post 10.36 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is presently 33.21%.

Insider Buying and Selling at Broadcom

In related news, Director Justine Page sold 1,602 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 53,492 shares of company stock valued at $20,840,292 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AVGO shares. Citigroup restated a “buy” rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a report on Friday, September 4th. BMO Capital Markets raised their price objective on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Raymond James Financial restated an “outperform” rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Finally, Mizuho upped their price target on Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $509.04.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s custom-chip and networking businesses remain central to the expansion of AI data centers. Management projects approximately $115 billion in AI semiconductor revenue in fiscal 2027 and $230 billion in fiscal 2028, supporting the long-term growth thesis. The AI Boom Isn’t Over: 3 Stocks You Need to Watch
• Positive Sentiment: Analysts and financial commentators continue to favor Broadcom as an AI-infrastructure supplier, citing its exposure to custom silicon, networking and inference workloads. Its software segment is also expected to become increasingly important over the next five years. Where Will Broadcom Stock Be in 5 Years?
• Positive Sentiment: Broadcom is being highlighted as an attractive income-growth stock because of its history of increasing dividends. Its combination of dividend growth and semiconductor expansion may appeal to long-term investors. 3 Companies With a Strong History of Dividend Growth
• Neutral Sentiment: The bullish outlook depends on Broadcom converting ambitious AI forecasts into sustained revenue and earnings growth. Commentary remains positive, but execution, customer concentration and the stock’s elevated valuation remain important risks. Can execution catch up with expectations at Broadcom?
• Negative Sentiment: Chinese authorities are reportedly reviewing Broadcom networking equipment used in state-backed data centers as Beijing promotes domestic semiconductor suppliers and reduces reliance on foreign AI infrastructure. The review raises potential regulatory, competitive and revenue risks in China. China surveys Broadcom switch use in state data centers
• Negative Sentiment: Semiconductor stocks, including AVGO, also faced pressure as higher oil prices and Treasury yields encouraged investors to reduce risk following a four-day equity-market rally. Why are Intel, AMD, Broadcom stocks down?

Institutional Investors Weigh In On Broadcom

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Broadcom during the 4th quarter worth approximately $24,252,196,000. Legal & General Group Plc bought a new stake in shares of Broadcom during the 2nd quarter valued at $11,998,148,000. Bank of New York Mellon Corp purchased a new position in shares of Broadcom during the 2nd quarter valued at $10,528,191,000. Jupiter Topco LLC bought a new position in Broadcom in the 2nd quarter worth $7,396,271,000. Finally, State Street Corp increased its stake in Broadcom by 8.7% in the 2nd quarter. State Street Corp now owns 208,031,610 shares of the semiconductor manufacturer’s stock worth $75,367,711,000 after buying an additional 16,651,378 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

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.