Broadcom’s (AVGO) Buy Rating Reaffirmed at Rosenblatt Securities

Broadcom (NASDAQ:AVGO)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They presently have a $500.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 59.02% from the company’s current price.

Several other equities analysts also recently weighed in on AVGO. TD Cowen reiterated a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Piper Sandler reiterated an “overweight” rating and issued a $430.00 target price (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Benchmark reiterated a “buy” rating and issued a $485.00 target price on shares of Broadcom in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Stock Performance

Shares of AVGO stock opened at $314.43 on Tuesday. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 61.41, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm’s 50-day simple moving average is $324.52 and its two-hundred day simple moving average is $342.80. Broadcom has a 52 week low of $138.10 and a 52 week high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company’s revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. As a group, equities analysts forecast that Broadcom will post 5.38 earnings per share for the current year.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 39,116 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares of the company’s stock, valued at $24,000,467.86. The trade was a 34.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark David Brazeal sold 50,488 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares of the company’s stock, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 273,049 shares of company stock worth $88,300,115 in the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Broadcom

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. United Bank boosted its stake in shares of Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Broadcom by 10.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock valued at $3,499,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Capital & Planning LLC boosted its stake in shares of Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term deal to develop and supply future generations of Google’s custom AI chips and other data‑center components through 2031 — a major, revenue‑backing win for AVGO. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom expanded collaboration with Anthropic, providing additional computing capacity (and tying Broadcom into fast‑growing AI workloads), boosting visibility into multi‑year demand. Broadcom agrees to expanded chip deals with Google, Anthropic
• Positive Sentiment: SEC filings and after‑hours reports showing the Google/Anthropic deals drove immediate buying interest (after‑hours and premarket gains), signaling strong near‑term sentiment from traders. Broadcom Stock Gains After Filing Shows Deal With Google
• Positive Sentiment: Management has a very bullish AI outlook (CEO line-of-sight to materially larger AI chip revenue), reinforcing investor expectations that Broadcom can capture significant share in custom AI silicon. Broadcom’s CEO Has Line of Sight to $100 Billion in AI Chip Revenue. Is the Stock a Buy?
• Neutral Sentiment: Analyst consensus remains generally favorable (consensus “Moderate Buy” in some reports and inclusion on “best S&P 500” lists), supporting a constructive medium‑term narrative despite recent volatility. Broadcom Inc. (NASDAQ:AVGO) Given Consensus Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Erste Group downgraded Broadcom from Buy to Hold, citing concerns about growth in the software segment — a reminder that not all revenue drivers are uniformly strong and that valuation is elevated. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth

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.