Broadcom (AVGO) Projected to Post Earnings on Thursday

Broadcom (NASDAQ:AVGO) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, June 5th. Analysts expect Broadcom to post earnings of $1.57 per share and revenue of $14.98 billion for the quarter.

Broadcom Trading Up 2.7%

AVGO opened at $248.71 on Tuesday. The stock has a market capitalization of $1.17 trillion, a P/E ratio of 202.86, a P/E/G ratio of 2.29 and a beta of 1.04. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. Broadcom has a 12 month low of $128.50 and a 12 month high of $251.88. The firm’s fifty day simple moving average is $196.77 and its 200 day simple moving average is $204.25.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, March 20th. Broadcom’s payout ratio is 113.46%.

Broadcom declared that its board has authorized a share repurchase plan on Monday, April 7th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

AVGO has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and set a $255.00 target price on shares of Broadcom in a report on Friday, March 7th. William Blair reiterated an “outperform” rating on shares of Broadcom in a research note on Friday, March 7th. Seaport Res Ptn raised shares of Broadcom to a “strong-buy” rating in a research note on Wednesday, April 30th. Oppenheimer upped their price target on shares of Broadcom from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays cut their price target on shares of Broadcom from $260.00 to $215.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.77.

Insider Activity

In other Broadcom news, Director Henry Samueli sold 663,976 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total transaction of $120,578,041.60. Following the completion of the transaction, the director now directly owns 38,798,721 shares in the company, valued at $7,045,847,733.60. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Justine Page sold 800 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $230.19, for a total value of $184,152.00. Following the completion of the sale, the director now directly owns 26,182 shares in the company, valued at approximately $6,026,834.58. This represents a 2.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 720,576 shares of company stock worth $131,249,694. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Broadcom

An institutional investor recently raised its position in Broadcom stock. Revolve Wealth Partners LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,997 shares of the semiconductor manufacturer’s stock after buying an additional 756 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Broadcom were worth $1,854,000 as of its most recent SEC filing. 76.43% of the stock is currently owned by institutional investors and hedge funds.

About Broadcom

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.