Sen. Shelley Moore Capito Sells Off Shares of Broadcom Inc. (NASDAQ:AVGO)

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on August 04th, the Senator disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on July 18th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of General Dynamics (NYSE:GD) on 7/31/2025.
• Sold $1,001 – $15,000 in shares of Colgate-Palmolive (NYSE:CL) on 7/31/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 7/31/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 7/30/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/29/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 7/29/2025.
• Sold $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 7/18/2025.
• Sold $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 7/18/2025.
• Sold $1,001 – $15,000 in shares of Aflac (NYSE:AFL) on 7/18/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 7/18/2025.

Broadcom Stock Up 3.0%

Shares of NASDAQ:AVGO opened at $301.67 on Thursday. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $306.95. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 112.99, a price-to-earnings-growth ratio of 2.08 and a beta of 1.15. 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 company has a 50 day moving average of $270.33 and a two-hundred day moving average of $225.92.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. Broadcom had a return on equity of 35.49% and a net margin of 22.64%. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. During the same period in the previous year, the business earned $10.96 EPS. Broadcom’s revenue for the quarter was up 20.2% compared to the same quarter last year. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were given a $0.59 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is 88.39%.

Insider Transactions at Broadcom

In related news, Director Gayla J. Delly sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 36,350 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total value of $9,497,164.50. Following the completion of the sale, the chief financial officer directly owned 325,587 shares of the company’s stock, valued at approximately $85,066,115.49. The trade was a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 830,516 shares of company stock valued at $217,224,641. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AVGO shares. Seaport Res Ptn raised Broadcom to a “strong-buy” rating in a research report on Wednesday, April 30th. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. lifted their target price on Broadcom from $250.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, June 6th. KeyCorp raised their target price on shares of Broadcom from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Finally, Rosenblatt Securities increased their price objective on Broadcom from $223.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $294.92.

Institutional Trading of Broadcom

Institutional investors have recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Broadcom during the 1st quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD grew its stake in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. GAMMA Investing LLC increased its holdings in Broadcom by 18,179.3% during the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer’s stock worth $2,892,548,000 after buying an additional 17,181,652 shares during the last quarter. Northern Trust Corp raised its position in Broadcom by 12.0% during the fourth quarter. Northern Trust Corp now owns 49,087,351 shares of the semiconductor manufacturer’s stock worth $11,380,411,000 after acquiring an additional 5,258,925 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock worth $5,333,384,000 after acquiring an additional 4,550,647 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state’s history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor’s degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women’s Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

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.