Truist Financial Increases Broadcom (NASDAQ:AVGO) Price Target to $545.00

Broadcom (NASDAQ:AVGO) had its target price lifted by research analysts at Truist Financial from $510.00 to $545.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Truist Financial’s target price suggests a potential upside of 62.92% from the company’s current price.

A number of other research analysts also recently issued reports on AVGO. JPMorgan Chase & Co. boosted their price target on Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Zacks Research raised Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $475.00 price target (up from $400.00) on shares of Broadcom in a report on Friday, December 12th. Finally, Susquehanna reissued a “positive” rating and set a $450.00 price objective (up from $400.00) on shares of Broadcom in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $433.63.

Broadcom Stock Up 5.4%

Shares of AVGO traded up $17.00 on Thursday, reaching $334.53. The company’s stock had a trading volume of 30,141,828 shares, compared to its average volume of 25,395,697. The firm has a fifty day moving average of $334.52 and a 200-day moving average of $342.68. The stock has a market capitalization of $1.59 trillion, a PE ratio of 70.28, a PEG ratio of 1.00 and a beta of 1.22. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. Broadcom has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The business had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter in the prior year, the firm posted $1.60 EPS. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Equities analysts predict that Broadcom will post 5.38 EPS for the current year.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.12, for a total value of $10,413,600.00. Following the sale, the insider owned 210,573 shares in the company, valued at $73,094,099.76. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total value of $10,434,600.00. Following the transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. The trade was a 9.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 779,101 shares of company stock worth $283,804,325. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. ROSS JOHNSON & Associates LLC grew its position in Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC lifted its position in Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at approximately $27,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Broadcom in the second quarter valued at approximately $28,000. Finally, New England Capital Financial Advisors LLC purchased a new stake in shares of Broadcom during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and big AI growth — Broadcom reported $19.3B revenue and $2.05 adj. EPS, AI semiconductor sales grew ~106% to $8.4B, and management guided Q2 revenue well above Street estimates ($22B vs. ~ $20.4B). That combo is the main driver of the rally. Broadcom’s Blowout Quarter Just Made the Bears Look Foolish
• Positive Sentiment: Large buyback — Broadcom authorized a $10B share-repurchase program, which supports EPS and signals management confidence in value at current levels. Broadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Positive Sentiment: Convincing AI roadmap — CEO Hock Tan told investors Broadcom expects AI chip sales to exceed $100B in 2027 and said memory capacity is secured through 2028, bolstering the view of durable secular demand. Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027
• Positive Sentiment: Analyst upgrades and higher targets — Several firms revised forecasts and price targets higher after the results (including firms reaffirming buy ratings and raising targets), supporting optimistic sentiment. These Analysts Revise Their Forecasts On Broadcom Following Q1 Results
• Neutral Sentiment: Sector tailwind — The broader semiconductor/AI capex cycle is drawing ETF flows (SMH/SOXX), which magnifies moves in AVGO but ties performance to the health of the AI buildout. The $650 Billion AI Surge Is Here—2 Semiconductor ETFs to Play It
• Neutral Sentiment: Product progress — Broadcom has begun shipping advanced 2nm custom compute SoCs on its 3.5D XDSiP platform, a technical win that supports long-term competitiveness but won’t immediately move revenue. Broadcom (AVGO) Ships 3.5D Face-To-Face Compute SoC
• Negative Sentiment: Software weakness and longer-term complexity — Broadcom’s infrastructure software (VMware exposure) grew only ~1% YoY this quarter and several outlets note software could act as a drag or complicate the story. That tempers enthusiasm about pure semiconductor leverage. Broadcom’s AI Business Is Booming. The Rest Is Complicated.
• Negative Sentiment: Offsetting analyst moves & insider selling — A few firms trimmed targets (or moderated upside) and Quiver/filings show notable insider sales historically, which some investors view as a cautionary signal. Broadcom (AVGO) Trading Down 1.6% Following Analyst Downgrade

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.