Broadcom Inc. (NASDAQ:AVGO – Get Free Report) traded up 1.3% during mid-day trading on Wednesday . The company traded as high as $315.79 and last traded at $313.49. 19,106,580 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 26,686,787 shares. The stock had previously closed at $309.51.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom named Alphabet/Google finance executive Amie Thuener as its next CFO, a hire management says brings deep technology and finance experience to support Broadcom’s aggressive AI-chip revenue push; investors view this as strengthening the leadership team ahead of scale-up. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Positive Sentiment: Broadcom landed a roughly $970M DISA deal and continues to book AI-related contracts that support management’s $100B AI revenue narrative — a catalyst for durable top‑line growth in custom AI silicon and infrastructure. What Broadcom (AVGO)’s AI Surge and US$970 Million DISA Deal Means For Shareholders
- Positive Sentiment: Prominent investors remain bullish (Ray Dalio highlighted Broadcom), and many sell‑side analysts still rate AVGO a buy — supporting demand for the shares despite recent pullbacks. Broadcom Inc. (AVGO): Billionaire Ray Dalio continues to be bullish
- Neutral Sentiment: Multiple analysts/commentaries emphasize Broadcom’s AI opportunity is still early and evolving — positive for long‑term thesis but signals more execution risk and cadence variability near term. Broadcom’s AI Story Is Still Early
- Neutral Sentiment: Product and strategy moves (e.g., Symantec CBX security platform) diversify revenue but are less likely to move the stock immediately compared with big AI wins. Broadcom Inc. (AVGO) Unveils Symantec CBX for Enterprise-Grade Network Security
- Negative Sentiment: Erste Group downgraded AVGO from buy to hold, a near‑term negative that can prompt profit‑taking from momentum investors. Finviz (rating note)
- Negative Sentiment: Insider selling by co‑founder Henry Samueli (reported large sale) and broader margin/gross‑margin concern stories have raised caution among some holders. What Henry Samueli’s Record Broadcom Sale Signals For AVGO Shareholders
- Negative Sentiment: Geopolitical/supply‑chain worries tied to the Iran conflict have pressured chip stocks broadly and weighed on AVGO in recent sessions. Nvidia, Broadcom Drop as Chip Stocks Sell Off. Why War Is Hitting Them So Hard.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on AVGO. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 target price on shares of Broadcom in a research report on Monday, January 5th. Oppenheimer lifted their price target on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Truist Financial boosted their price target on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Royal Bank Of Canada reduced their price objective on Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Finally, Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.
Broadcom Stock Performance
The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The firm has a fifty day moving average of $324.84 and a 200 day moving average of $343.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same period in the previous year, the company posted $1.60 earnings per share. Broadcom’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.
Broadcom Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, March 23rd. Broadcom’s payout ratio is currently 50.78%.
Insider Activity at Broadcom
In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of Broadcom stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the transaction, the chief executive officer owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider S. Ram Velaga sold 38,841 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This trade represents a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 373,049 shares of company stock valued at $123,024,715 in the last quarter. 1.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Broadcom
Hedge funds have recently bought and sold shares of the business. Baring Financial LLC increased its holdings in Broadcom by 2.2% in the 4th quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after acquiring an additional 29 shares in the last quarter. Five Oceans Advisors raised its position in Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock worth $2,835,000 after acquiring an additional 29 shares during the period. Arthur M. Cohen & Associates LLC lifted its holdings in Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock valued at $1,577,000 after purchasing an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in shares of Broadcom by 1.4% in the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock valued at $716,000 after purchasing an additional 30 shares during the period. Finally, Private Wealth Partners LLC grew its position in shares of Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock valued at $1,410,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.
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.
Further Reading
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