KeyCorp Weighs in on Broadcom’s Q1 Earnings (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) – Equities research analysts at KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for Broadcom in a note issued to investors on Monday, January 12th. KeyCorp analyst J. Vinh anticipates that the semiconductor manufacturer will earn $1.69 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $500.00 price objective on the stock. The consensus estimate for Broadcom’s current full-year earnings is $5.38 per share. KeyCorp also issued estimates for Broadcom’s Q2 2026 earnings at $1.83 EPS, Q3 2026 earnings at $2.57 EPS, FY2026 earnings at $9.42 EPS, Q1 2027 earnings at $3.15 EPS, Q2 2027 earnings at $3.18 EPS, Q3 2027 earnings at $3.31 EPS, Q4 2027 earnings at $3.40 EPS and FY2027 earnings at $13.04 EPS.

A number of other research firms have also issued reports on AVGO. Piper Sandler restated an “overweight” rating and set a $430.00 price target (up previously from $375.00) on shares of Broadcom in a report on Friday, December 12th. Benchmark boosted their target price on shares of Broadcom from $385.00 to $485.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Raymond James Financial set a $420.00 target price on Broadcom and gave the stock an “outperform” rating in a research report on Thursday, November 20th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price target on shares of Broadcom in a research report on Monday, January 5th. Finally, Morgan Stanley lifted their target price on Broadcom from $443.00 to $462.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $438.61.

Broadcom Price Performance

AVGO stock opened at $351.71 on Thursday. Broadcom has a one year low of $138.10 and a one year high of $414.61. The firm has a 50-day moving average of $358.98 and a two-hundred day moving average of $333.22. The firm has a market capitalization of $1.67 trillion, a PE ratio of 73.89, a P/E/G ratio of 1.15 and a beta of 1.21. 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 (NASDAQ:AVGO) last issued its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. During the same period in the previous year, the firm posted $1.42 EPS. The company’s quarterly revenue was up 28.2% on a year-over-year basis.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, December 22nd. Broadcom’s dividend payout ratio is presently 54.62%.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $24,311,000.00. Following the completion of the sale, the chief executive officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 779,901 shares of company stock valued at $284,069,237. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Miller Global Investments LLC acquired a new stake in shares of Broadcom in the fourth quarter worth $31,000. Sawyer & Company Inc raised its holdings in Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 36 shares during the period. JCIC Asset Management Inc. acquired a new position in Broadcom during the 3rd quarter worth $31,000. Longfellow Investment Management Co. LLC bought a new stake in Broadcom during the second quarter valued at about $27,000. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the second quarter valued at about $28,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analyst bullishness around AI upside — Jefferies named Broadcom one of three chip stocks with expected earnings upside as AI demand accelerates, reinforcing growth expectations for AVGO. 3 Chip Stocks to Buy for 2026, According to an Analyst
• Positive Sentiment: Higher Wall Street targets and estimates — KeyCorp reiterated an Overweight stance with a $500 price target and raised multi-quarter EPS projections, supporting upside expectations for growth and margins. KeyCorp estimates and rating
• Positive Sentiment: Institutional buying signal — Cathie Wood’s ARK added to Broadcom, a visible endorsement for growth-oriented investors focused on AI exposure. Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
• Positive Sentiment: Sell-side defense on competitive fears — Bernstein and Seeking Alpha pieces push back on AI-competition and margin worries, reducing tail-risk narratives that could have pressured shares. Bernstein Dismisses AI Competition Fears Surrounding Broadcom (AVGO)
• Positive Sentiment: Industry tailwind — TSMC’s strong results lifted chip stocks broadly, providing positive momentum for Broadcom as investors rotate into AI/infrastructure plays. Chip stocks pop after TSMC’s earnings beat
• Neutral Sentiment: RBC initiates coverage with Sector Perform — a neutral/steadying rating that removes uncertainty but doesn’t add strong buy-side pressure. RBC Capital initiates coverage of Broadcom
• Negative Sentiment: Debt issuance may worry some investors — Broadcom filed for a $4.5B senior notes offering to fund operations and repay loans; higher leverage or signaling needs for cash can temper sentiment. Broadcom Issues $4.5B in Notes as AI Concerns Linger
• Negative Sentiment: Insider selling headlines — recent reports of ~$490M in insider sales and a CEO sale (~$24M) are being viewed negatively by some investors as a signal of management liquidity or timing. Broadcom Insiders Sold US$490m Of Shares
• Negative Sentiment: Geopolitical risk — reports that China banned Broadcom’s cybersecurity products introduce potential revenue/market-access risk in a key region. China Just Banned Broadcom’s Cybersecurity Solutions
• Negative Sentiment: Valuation concerns — Zacks highlights a high price-to-sales multiple and flags the stock as overvalued, which can pressure momentum investors. At 15.93 P/S, Broadcom Is Overvalued

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.