Insider Selling: Broadcom (NASDAQ:AVGO) CFO Sells $811,048.68 in Stock

Core Insights - Broadcom reported strong earnings with an EPS of $1.95, exceeding estimates by $0.08, and a revenue of $18.02 billion, up 28.2% year-over-year [2] - The company announced an increase in its quarterly dividend to $0.65 per share, reflecting a positive change from the previous $0.59 [3][4] - Institutional investors have shown increased interest, with significant position changes, including a 34.6% increase by AIA Group Ltd [5] Financial Performance - Broadcom's net margin stands at 36.20% and return on equity at 37.45% [2] - The company has a market capitalization of $1.61 trillion, a P/E ratio of 71.50, and a P/E/G ratio of 1.17 [1] - The firm's debt-to-equity ratio is 0.76, with a quick ratio of 1.58 and a current ratio of 1.71 [1] Dividend Information - The upcoming dividend of $0.65 per share results in an annualized dividend of $2.60 and a yield of 0.8% [3][4] - The dividend payout ratio is currently at 49.58% [3] Analyst Ratings and Price Targets - Benchmark raised its price target for Broadcom from $385.00 to $485.00, maintaining a "buy" rating [8] - Oppenheimer increased its target price from $435.00 to $450.00, also giving an "outperform" rating [8] - Broadcom has an average rating of "Buy" with a target price of $436.33 according to MarketBeat.com [8] Insider Transactions - CFO Kirsten Spears sold 2,379 shares at an average price of $340.92, totaling approximately $811,048.68, resulting in a 0.76% decrease in her position [7]