Broadcom (NASDAQ:AVGO) Price Target Raised to $400.00

Broadcom (NASDAQ:AVGO) had its target price raised by Sanford C. Bernstein from $295.00 to $400.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the semiconductor manufacturer’s stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Broadcom from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Friday. Mizuho upped their price target on Broadcom from $320.00 to $355.00 and gave the company an “outperform” rating in a report on Friday. Hsbc Global Res raised Broadcom from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 24th. Cowen reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, June 6th. Finally, Morgan Stanley boosted their target price on shares of Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $351.00.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $334.89 on Friday. Broadcom has a 12 month low of $134.90 and a 12 month high of $356.34. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.43, a PEG ratio of 2.38 and a beta of 1.16. The stock’s 50 day moving average price is $292.09 and its 200 day moving average price is $237.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Broadcom will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 40,000 shares of the business’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total transaction of $10,731,600.00. Following the transaction, the chief executive officer directly owned 482,836 shares in the company, valued at $129,540,070.44. The trade was a 7.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kirsten M. Spears sold 36,350 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the transaction, the chief financial officer owned 325,587 shares in the company, valued at approximately $85,066,115.49. This represents a 10.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 830,516 shares of company stock worth $217,286,457. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Broadcom

Institutional investors and hedge funds have recently modified their holdings of the stock. Sawyer & Company Inc grew its holdings in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Broadcom during the 2nd quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at $28,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Broadcom during the 2nd quarter valued at $28,000. Finally, LGT Financial Advisors LLC bought a new stake in Broadcom in the second quarter worth $31,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

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.