Broadcom (AVGO) Executives are Making Moves with Their Shares


Today, the SVP & Chief Sales Officer of Broadcom (AVGO), Charlie Kawwas, sold shares of AVGO for $1.55M.

Following Charlie Kawwas’ last AVGO Sell transaction on June 11, 2020, the stock climbed by 20.5%. In addition to Charlie Kawwas, 4 other AVGO executives reported Sell trades in the last month.

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Based on Broadcom’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $5.74 billion and quarterly net profit of $563 million. In comparison, last year the company earned revenue of $5.52 billion and had a net profit of $691 million. The company has a one-year high of $331.58 and a one-year low of $155.67. AVGO’s market cap is $125 billion and the company has a P/E ratio of 56.20.

Based on 24 analyst ratings, the analyst consensus is Strong Buy with an average price target of $350.18, reflecting a -11.7% downside.

The insider sentiment on Broadcom has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Charlie Kawwas’ trades have generated a -16.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.

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