Shares of Broadcom Inc. (NASDAQ:AVGO – Get Free Report) have been assigned a consensus rating of “Buy” from the thirty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $438.6071.
AVGO has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on Broadcom in a research note on Wednesday, January 14th. They set a “sector perform” rating and a $370.00 target price on the stock. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 price objective (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $410.00 to $430.00 in a research report on Thursday, January 15th. Finally, Barclays reaffirmed 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.
Get Our Latest Research Report on Broadcom
Broadcom News Roundup
- Positive Sentiment: Large buying from high-profile investors supports demand: Cathie Wood’s ARK funds added over 143,000 AVGO shares, a vote of confidence that can buoy sentiment and flows. Cathie Wood Is Doubling Down on Broadcom Stock. Should You?
- Positive Sentiment: Analysts remain constructive — Broadcom has a consensus “Buy” rating from several street analysts, which helps support medium-term expectations. Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Rating of “Buy” from Analysts
- Positive Sentiment: Industry tailwinds from TSMC and Meta AI spending bolster Broadcom’s long-term growth case as a “picks-and-shovels” supplier to AI infrastructure. Why Taiwan Semiconductor and Meta Could Be the Hidden Bull Case for Broadcom
- Neutral Sentiment: Coverage pieces highlighting Broadcom’s past shareholder returns and strategic moves (e.g., buyback and deal-driven value creation) provide context but are less likely to move the stock intraday. How Broadcom Stock Delivered $51 Billion In Shareholder Value
- Neutral Sentiment: Company commentary and market stories about connectivity expansion and forecasts suggest steady execution but don’t change near-term catalyst timing. Broadcom Inc (NASDAQ:AVGO) Nasdaq Today Signals Connectivity Expansion
- Neutral Sentiment: Macro/sector coverage (AI “picks-and-shovels” theme) is supportive but broad; timing of capex by large customers will ultimately determine revenue cadence. ORCL, MU and AVGO Forecast – Picks and Shovels of AI Look Strong
- Negative Sentiment: Operational/legal risk flagged by a lawsuit over Broadcom’s control of critical software: Fidelity settled a case alleging Broadcom threatened to cut access to software central to Fidelity’s systems — the episode highlights customer concentration and counterparty risk. Fidelity settles lawsuit over access to ‘business-critical’ Broadcom software
- Negative Sentiment: Some institutional selling and position trimming (e.g., Cypress Funds cutting its stake) increases supply pressure and can amplify short-term weakness. Cypress Funds Llc Cuts Broadcom Inc. Stake by 29K Shares
- Negative Sentiment: Technical/flow headwinds: the stock is below key moving averages and underperformed peers in recent sessions, which can pressure momentum and trigger additional selling. Broadcom Inc. stock underperforms Wednesday when compared to competitors
Broadcom Stock Performance
Broadcom stock opened at $320.12 on Thursday. Broadcom has a twelve month low of $138.10 and a twelve month high of $414.61. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.52 trillion, a P/E ratio of 67.25, a PEG ratio of 1.06 and a beta of 1.21. The stock’s 50 day moving average is $357.20 and its 200 day moving average is $335.75.
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. Broadcom’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, equities research analysts predict that Broadcom will post 5.38 earnings per share for the current fiscal year.
Broadcom Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 0.8%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.
Insider Buying and Selling
In other Broadcom news, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the completion of the sale, the insider directly owned 210,573 shares of the company’s stock, valued at approximately $73,094,099.76. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harry L. You acquired 1,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of $325.13 per share, with a total value of $325,130.00. Following the completion of the purchase, the director directly owned 36,602 shares in the company, valued at $11,900,408.26. This represents a 2.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 779,901 shares of company stock valued at $284,069,237 over the last ninety days. 2.00% of the stock is owned by insiders.
Institutional Trading of Broadcom
A number of large investors have recently added to or reduced their stakes in AVGO. Bridgewater Advisors Inc. grew its holdings in shares of Broadcom by 0.3% in the fourth quarter. Bridgewater Advisors Inc. now owns 17,048 shares of the semiconductor manufacturer’s stock worth $5,605,000 after purchasing an additional 55 shares during the last quarter. Bingham Private Wealth LLC purchased a new stake in Broadcom in the 4th quarter valued at about $3,723,000. Sunpointe LLC grew its stake in Broadcom by 5.6% in the 4th quarter. Sunpointe LLC now owns 26,443 shares of the semiconductor manufacturer’s stock worth $9,152,000 after acquiring an additional 1,400 shares in the last quarter. G2 Capital Management LLC OH increased its position in shares of Broadcom by 3.3% during the fourth quarter. G2 Capital Management LLC OH now owns 1,159 shares of the semiconductor manufacturer’s stock worth $401,000 after acquiring an additional 37 shares during the period. Finally, Warburton Capital Management LLC increased its position in shares of Broadcom by 9.2% during the fourth quarter. Warburton Capital Management LLC now owns 1,154 shares of the semiconductor manufacturer’s stock worth $399,000 after acquiring an additional 97 shares during the period. Institutional investors own 76.43% of the company’s stock.
About Broadcom
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.
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