Rosenblatt Securities Reiterates Buy Rating for Broadcom (NASDAQ:AVGO)

Broadcom (NASDAQ:AVGO)‘s stock had its “buy” rating reissued by equities research analysts 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 objective suggests a potential upside of 42.60% from the company’s previous close.

AVGO has been the subject of several other research reports. KeyCorp reiterated an “overweight” rating and set a $500.00 price objective (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Erste Group Bank lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Oppenheimer increased their price objective on shares of Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Piper Sandler reiterated an “overweight” rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Finally, UBS Group set a $475.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Broadcom Stock Performance

NASDAQ:AVGO opened at $350.63 on Tuesday. 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 has a 1 year low of $157.51 and a 1 year high of $414.61. The stock’s 50 day simple moving average is $324.89 and its two-hundred day simple moving average is $342.78. The company has a market cap of $1.66 trillion, a price-to-earnings ratio of 68.48, a PEG ratio of 0.67 and a beta of 1.24.

Broadcom (NASDAQ:AVGO) last released 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 38.61% and a net margin of 36.57%.The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The company’s revenue was up 29.5% compared to the same quarter last year. As a group, equities analysts anticipate that Broadcom will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Broadcom news, insider S. Ram Velaga sold 38,841 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider owned 96,147 shares of the company’s stock, valued at $30,920,875.20. This represents a 28.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at $105,407,616. This trade represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 273,049 shares of company stock worth $88,300,115. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Broadcom

Several hedge funds have recently made changes to their positions in AVGO. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares during the period. SWAN Capital LLC lifted its holdings in shares of Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares during the period. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Broadcom in the 2nd quarter worth $28,000. JCIC Asset Management Inc. purchased a new stake in shares of Broadcom in the 3rd quarter worth $31,000. Finally, Miller Global Investments LLC purchased a new stake in shares of Broadcom in the 4th quarter worth $31,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom secured multi‑year TPU and networking supply deals with Google and Anthropic, locking in design/supply agreements through 2031 and expanding its role as a core AI infrastructure partner — a key reason investors are bidding the stock higher. Broadcom (AVGO) Surges on Multi‑Billion Dollar AI Chip Partnerships with Google and Anthropic
• Positive Sentiment: Anthropic will access ~3.5 GW of TPU‑based compute beginning in 2027 (part of a larger commitment). That scale, plus rapid Anthropic revenue growth, supports meaningful long‑term AI revenue upside for Broadcom. Anthropic’s Deal With Broadcom Gets AVGO Stock Trending Overnight
• Positive Sentiment: Analysts and commentators are upgrading or reaffirming conviction: Rosenblatt keeps a high $500 price target and research outlets highlight Broadcom as an AI infrastructure enabler alongside Micron. Those endorsements are supporting sentiment. Rosenblatt Buy Rating / Price Target Zacks: Micron and Broadcom
• Neutral Sentiment: Broadcom announced a product launch (Arcot Smart Ruleset) expanding its payments/security software portfolio — strategic but not game‑changing for near‑term revenue vs. the AI deals. Arcot Smart Ruleset Launch
• Neutral Sentiment: Management change: reports of a new CFO introduce some execution/transition risk but are not yet tied to guidance changes. Monitor commentary from the company. Broadcom is getting a new CFO
• Negative Sentiment: Seaport Global cut AVGO to Neutral, warning the AI chip rally may be overextended; that downgrade is a headwind that can cap near‑term upside. Seaport Downgrade
• Negative Sentiment: Other analysts have trimmed ratings (Erste downgraded to Hold) and flagged slower growth in the software segment — reminders that not all parts of Broadcom’s business are accelerating. Downgrade and Software Growth Concerns

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.