Broadcom (NASDAQ:AVGO) Stock Price Up 3.9% on Analyst Upgrade

Broadcom Inc. (NASDAQ:AVGO)’s share price rose 3.9% on Monday after Argus raised their price target on the stock from $285.00 to $375.00. Argus currently has a buy rating on the stock. Broadcom traded as high as $354.17 and last traded at $347.83. Approximately 17,742,642 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 25,961,609 shares. The stock had previously closed at $334.89.

Several other equities analysts also recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of Broadcom in a research note on Friday, June 6th. Bank of America upped their price objective on shares of Broadcom from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI restated an “outperform” rating and issued a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a research note on Thursday. Mizuho upped their price objective on shares of Broadcom from $320.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Erste Group Bank upgraded Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has an average rating of “Buy” and a consensus target price of $351.92.

Insider Buying and Selling at Broadcom

In other news, Director Justine Page sold 800 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director owned 23,782 shares in the company, valued at $7,312,013.72. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kirsten M. Spears sold 36,350 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total value of $9,497,164.50. Following the sale, the chief financial officer owned 325,587 shares of the company’s stock, valued at $85,066,115.49. This trade represents a 10.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 830,516 shares of company stock valued at $217,286,457. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Broadcom

Large investors have recently modified their holdings of the stock. PARUS FINANCE UK Ltd boosted its stake in shares of Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer’s stock valued at $16,840,000 after buying an additional 64,038 shares in the last quarter. Keener Financial Planning LLC boosted its stake in shares of Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer’s stock valued at $149,000 after buying an additional 230 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer’s stock valued at $6,365,000 after buying an additional 2,016 shares in the last quarter. OMNI 360 Wealth Inc. boosted its stake in shares of Broadcom by 51.6% in the first quarter. OMNI 360 Wealth Inc. now owns 2,980 shares of the semiconductor manufacturer’s stock valued at $499,000 after buying an additional 1,014 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Broadcom by 1.3% in the first quarter. Gamco Investors INC. ET AL now owns 54,406 shares of the semiconductor manufacturer’s stock valued at $9,109,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a market capitalization of $1.63 trillion, a PE ratio of 88.18, a P/E/G ratio of 2.38 and a beta of 1.16. The stock has a 50 day moving average of $293.49 and a two-hundred day moving average of $238.27.

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

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. 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 dividend payout ratio (DPR) is presently 60.20%.

Broadcom Company Profile

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.