Broadcom (NASDAQ:AVGO) Stock Rating Upgraded by Royal Bank Of Canada

Broadcom (NASDAQ:AVGO) was upgraded by analysts at Royal Bank Of Canada to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Morgan Stanley lifted their target price on shares of Broadcom from $443.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Barclays restated an “overweight” rating and set a $500.00 price target (up previously from $450.00) on shares of Broadcom in a report on Friday, December 12th. Wall Street Zen upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $410.00 to $430.00 in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $438.61.

Broadcom Price Performance

Shares of NASDAQ:AVGO traded up $5.37 during midday trading on Wednesday, reaching $348.39. 4,818,039 shares of the company’s stock traded hands, compared to its average volume of 22,102,521. The company has a fifty day simple moving average of $358.94 and a two-hundred day simple moving average of $332.69. Broadcom has a 1 year low of $138.10 and a 1 year high of $414.61. The company has a market cap of $1.65 trillion, a P/E ratio of 73.20, a PEG ratio of 1.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the firm posted $1.42 earnings per share. The company’s revenue was up 28.2% compared to the same quarter last year. Equities analysts predict that Broadcom will post 5.38 EPS for the current fiscal year.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total value of $10,434,600.00. Following the sale, the chief financial officer directly owned 277,237 shares in the company, valued at $96,428,573.34. This represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. This trade represents a 17.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 779,901 shares of company stock worth $284,069,237. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AVGO. Sawyer & Company Inc grew its holdings in 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 during the period. Longfellow Investment Management Co. LLC acquired a new stake in shares of Broadcom in the second quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the second quarter valued at approximately $28,000. Teachers Insurance & Annuity Association of America acquired a new position in Broadcom during the second quarter worth approximately $28,000. Finally, LGT Financial Advisors LLC purchased a new position in Broadcom during the second quarter worth approximately $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: KeyCorp reiterated an Overweight view with aggressive multi-year EPS projections and a $500 price target, signaling strong analyst confidence in Broadcom’s AI-driven revenue growth. KeyCorp Research Note
• Positive Sentiment: Mizuho raised its price target to $480 and kept an Outperform rating, adding to analyst upside expectations. Mizuho Raises PT
• Positive Sentiment: Several large banks named Broadcom a “top pick” for 2026, reinforcing broad institutional bullishness on the company’s AI and infrastructure exposure. Top Pick Coverage
• Positive Sentiment: High-profile buying: Cathie Wood’s fund added to its Broadcom stake, a signal some investors interpret as endorsement of AVGO’s AI positioning. Cathie Wood Buys
• Positive Sentiment: Industry tailwind: TSMC’s strong earnings lifted chip stocks broadly, supporting demand expectations for AI infrastructure suppliers like Broadcom. TSMC Boosts Chip Sector
• Positive Sentiment: Research notes (e.g., Bernstein) downplayed competitive threats to Broadcom’s AI opportunity, easing investor concern about market share erosion. Bernstein Commentary
• Neutral Sentiment: RBC initiated coverage / moved to a sector‑perform (hold) view — less bullish than some bank calls but not a negative downgrade; Zacks/TickerReport also noted an upgrade to “hold.” These actions add mixed analyst signal to the tape. RBC Coverage Zacks / TickerReport
• Negative Sentiment: Broadcom filed a $4.5 billion senior notes offering, which raises leverage and prompted investor scrutiny of capital allocation and near-term cash requirements. Debt Offering
• Negative Sentiment: Regulatory/regional headwind: reports say China has banned Broadcom’s cybersecurity solutions there, a potential revenue and geopolitical risk for that product line. China Ban
• Negative Sentiment: Insider selling: reports show roughly $490M of insider sales (including a $24M sale by the CEO), which some investors view as a negative signal or profit‑taking ahead of upcoming events. Insider Sales CEO Sale
• Negative Sentiment: Market reaction: a sharp intraday sell-off was reported earlier amid worries about margins, debt and the China ban; some analysts argue margin fears are overblown, but volatility remains a near-term risk. Sell-off Coverage Margin Analysis

Broadcom Company Profile

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.