Broadcom (NASDAQ:AVGO) Stock Price Up 1.9% – Still a Buy?

Broadcom Inc. (NASDAQ:AVGO)’s stock price shot up 1.9% on Tuesday . The stock traded as high as $388.13 and last traded at $385.03. 33,097,139 shares traded hands during trading, an increase of 30% from the average session volume of 25,463,602 shares. The stock had previously closed at $377.96.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James Financial set a $420.00 target price on Broadcom and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen lowered Broadcom from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup reiterated a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of Broadcom in a research note on Tuesday, October 14th. Macquarie began coverage on Broadcom in a report on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Finally, Argus upped their target price on shares of Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Buy” and an average target price of $374.21.

Broadcom Trading Up 1.9%

The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.82 trillion, a P/E ratio of 98.22, a P/E/G ratio of 1.16 and a beta of 1.19. The business has a 50-day moving average price of $348.43 and a two-hundred day moving average price of $302.46.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom’s payout ratio is currently 60.20%.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the completion of the transaction, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Broadcom

A number of hedge funds have recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in Broadcom in the first quarter worth $25,000. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in Broadcom during the 2nd quarter worth $27,000. Legend Financial Advisors Inc. acquired a new stake in Broadcom during the 2nd quarter worth $28,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Broadcom during the second quarter worth about $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Company Profile

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.