Broadcom Inc. (NASDAQ:AVGO) Receives Average Rating of “Moderate Buy” from Analysts

Broadcom Inc. (NASDAQ:AVGO) has been assigned an average rating of “Moderate Buy” from the thirty-three research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, twenty-seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $448.10.

Several brokerages recently issued reports on AVGO. Seaport Research Partners reaffirmed a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Mizuho reaffirmed an “outperform” rating and set a $480.00 price objective on shares of Broadcom in a research note on Thursday, April 16th. Evercore reaffirmed an “outperform” rating and set a $582.00 price objective on shares of Broadcom in a research note on Tuesday, May 19th. TD Cowen reaffirmed a “buy” rating and set a $500.00 price objective (up from $405.00) on shares of Broadcom in a research note on Friday, May 15th. Finally, Erste Group Bank cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first end-to-end 50G PON edge AI portfolio, led by the BCM68850 home gateway SoC with an integrated NPU and native Wi‑Fi 8 support, underscoring demand for its AI-enabled networking products. Article Title
• Positive Sentiment: Several articles highlighted Broadcom as a major beneficiary of AI infrastructure spending, with commentary pointing to strong custom silicon partnerships and growing confidence that hyperscalers will keep outsourcing specialized chips to AVGO. Article Title
• Positive Sentiment: Investor attention also turned to Broadcom after reports that billionaire Stanley Druckenmiller sold other AI names and bought Broadcom instead, a sentiment signal that can encourage more buying. Article Title
• Positive Sentiment: Broadcom was repeatedly framed as a core AI networking winner, with commentary suggesting the market is rewarding companies tied to the AI chip and infrastructure cycle. Article Title
• Neutral Sentiment: Analyst-style coverage ahead of Broadcom’s next earnings report is keeping attention on results and management commentary, but this is more of a watch item than an immediate stock driver. Article Title
• Neutral Sentiment: One commentary piece suggested Broadcom could have further upside if AI infrastructure demand keeps accelerating, but this was largely a valuation and price-target discussion rather than new company-specific news. Article Title

Broadcom Stock Up 1.9%

AVGO opened at $422.01 on Wednesday. Broadcom has a twelve month low of $231.13 and a twelve month high of $442.36. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $376.86 and a 200 day moving average price of $356.93. The company has a market cap of $2.00 trillion, a PE ratio of 82.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last released its quarterly 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. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Sell-side analysts expect that Broadcom will post 9.91 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s dividend payout ratio is currently 50.78%.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the sale, the insider 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S. Ram Velaga sold 8,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $370.52, for a total transaction of $2,964,160.00. Following the completion of the sale, the insider directly owned 57,932 shares of the company’s stock, valued at approximately $21,464,964.64. This trade represents a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock worth $106,425,249 in the last 90 days. 1.90% of the stock is owned by insiders.

Institutional Trading of Broadcom

Hedge funds have recently made changes to their positions in the company. Fullerton Advisors LLC increased its holdings in shares of Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock valued at $616,000 after purchasing an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co increased its holdings in shares of Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock valued at $1,656,000 after purchasing an additional 25 shares during the period. RFG Holdings Inc. increased its holdings in shares of Broadcom by 0.3% in the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after purchasing an additional 26 shares during the period. Yukon Wealth Management Inc. increased its holdings in shares of Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after purchasing an additional 26 shares during the period. Finally, Capital Planning LLC increased its holdings in shares of Broadcom by 0.7% in the first quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer’s stock valued at $1,252,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

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.