Representative David Taylor (Republican-Ohio) recently bought shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on September 05th, the Representative disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on August 26th. The trade occurred in the Representative’s “DAVE’S IRA @ SCHWAB (HOME GROWN)” account.
Representative David Taylor also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 8/26/2026.
- Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 8/26/2026.
- Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of Installed Building Products (NYSE:IBP) on 8/14/2026.
- Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 8/11/2026.
- Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/11/2026.
- Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/11/2026.
- Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 7/24/2026.
Broadcom Price Performance
NASDAQ AVGO traded up $13.22 on Tuesday, reaching $371.11. The company’s stock had a trading volume of 8,700,994 shares, compared to its average volume of 25,094,156. The stock has a market cap of $1.77 trillion, a PE ratio of 47.30 and a beta of 1.44. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The firm’s 50 day moving average is $383.28 and its two-hundred day moving average is $377.77.
Broadcom Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is 33.21%.
Institutional Trading of Broadcom
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares during the period. Networth Advisors LLC lifted its position in Broadcom by 546.2% during the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. SWAN Capital LLC boosted its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of Broadcom in the second quarter valued at about $38,000. Finally, Cherry Tree Wealth Management LLC increased its stake in shares of Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.
Insiders Place Their Bets
In related news, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 over the last quarter. 1.90% of the stock is currently owned by company insiders.
Broadcom News Roundup
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom raised its forecast for fiscal 2027 AI-chip revenue to approximately $115 billion, up from more than $100 billion previously, reflecting accelerating demand from hyperscale cloud companies for custom AI accelerators and networking products. Some reports also point to a potential $230 billion opportunity in fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Just Nvidia GPUs
- Positive Sentiment: Recent quarterly results showed AI semiconductor revenue rising 221% to $16.7 billion. Strong free cash flow gives Broadcom additional flexibility to invest in custom silicon, high-speed connectivity and data-center expansion. Broadcom Inc. Stock: Rises as Custom AI Silicon Fuels Massive Growth Outlook
- Positive Sentiment: Analysts and financial commentators increasingly view Broadcom as a key alternative to Nvidia because hyperscalers are seeking internally designed chips for AI inference, alongside networking and other infrastructure components. This broadens AVGO’s exposure beyond the GPU market. Broadcom AI Exposure Beyond Nvidia
- Neutral Sentiment: Several articles characterize Broadcom as a long-term AI infrastructure beneficiary and compare it favorably with Marvell and AMD, but these reports are largely commentary rather than new company disclosures. Broadcom vs. Marvell
- Negative Sentiment: Despite strong earnings and AI growth, AVGO remains exposed to margin pressure, supply constraints, customer concentration and a premium valuation. Those concerns help explain the stock’s recent weakness and could limit further gains if growth expectations are not exceeded. Broadcom Drops 10% in 3 Months
Analyst Upgrades and Downgrades
AVGO has been the subject of a number of recent analyst reports. Evercore set a $578.00 price objective on shares of Broadcom in a research note on Thursday. Jefferies Financial Group initiated coverage on Broadcom in a report on Thursday. They issued a “buy” rating on the stock. Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a research note on Thursday. Finally, Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Thirty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $504.93.
Read Our Latest Report on AVGO
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
About Broadcom
Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.
On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.
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