Justine Page, a Director at Broadcom Inc (NASDAQ: AVGO), recently sold 312 shares of the company at $1,800 per share on June 17, 2024. This transaction was reported to the SEC and details can be found here. Following this sale, Justine Page now owns 3,002 shares in Broadcom Inc.
Broadcom Inc is a global technology leader that specializes in semiconductor and infrastructure software solutions. The company’s products cater to various markets including industrial, networking, software, broadband, wireless, and storage.
Over the past year, Justine Page has sold a total of 565 shares of Broadcom Inc stock without making any purchases. This recent transaction is in line with previous selling trends among company insiders. In the last year, there were 21 insider sales and only 2 insider purchases at Broadcom Inc.
On the date of the sale, Broadcom Inc shares were trading at $1,800, giving the company a market capitalization of approximately $807.5 billion. The earnings yield over price ratio is reported at 74.60, which is significantly above the industry average of 34.09.
Stock valuation metrics indicate that Broadcom Inc is currently overvalued, with a FG value of $859.51 and a GF price-to-value ratio of 2.09. This valuation is based on historical multiples such as price-earnings, price-sales, price-book, and price-free cash flow ratios, along with analysis of the company’s past performance and future growth estimates.
Insider transactions like the recent sale by Justine Page can provide insights for potential investors regarding insider sentiment and potential stock movements. However, it is important to note that the analysis provided here is general and not personalized financial advice. It is based on historical data, unbiased methodology, and does not offer specific investment recommendations.
The goal of this article, originally published by GuruFocus, is to offer long-term, data-driven fundamental analysis. It is recommended to consider individual investment objectives and financial circumstances before making any decisions. Additionally, this analysis may not include the most up-to-date company announcements or qualitative information. GuruFocus does not have any positions in the stocks mentioned in this article.
Article Source
https://finance.yahoo.com/news/insider-sale-director-justine-page-070915548.html