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

Shares of Broadcom Inc. (NASDAQ:AVGO) have received an average rating of “Moderate Buy” from the thirty-three analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $435.30.

A number of research analysts have recently weighed in on the company. Truist Financial raised their price objective on Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Benchmark restated a “buy” rating and set a $485.00 price objective on shares of Broadcom in a research report on Thursday, March 5th. Royal Bank Of Canada cut their price objective on Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Morgan Stanley raised their price objective on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. Finally, Oppenheimer raised their price objective on Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long-term agreement with Google to develop and supply future generations of custom AI chips and other components for Google’s next‑generation AI racks through 2031, giving Broadcom multi‑year design wins and meaningful revenue visibility. Read More.
• Positive Sentiment: Broadcom expanded its strategic collaboration involving Anthropic, agreeing to provide additional computing capacity (reported ~3.5 GW of capacity sourced from Google’s AI processors), which supports near‑term utilization and potential recurring revenue from cloud/AI services. Read More.
• Positive Sentiment: Market reaction: the stock climbed in after‑hours trading after Broadcom filed the deal details, reflecting investor enthusiasm for large, long‑duration AI contracts and the potential uplift to AI chip and networking sales. Read More.
• Neutral Sentiment: Management outlook: CEO Hock Tan has outlined a vision that AI chip revenue could exceed $100 billion by 2027 — a bullish long‑term target that supports upside expectations but depends on execution, ramp timing and contract economics. Read More.
• Neutral Sentiment: Product diversification: Broadcom launched Symantec CBX, an AI‑powered cloud XDR/security platform that broadens its software/security mix and could smooth revenue cyclicality over time. Read More.
• Negative Sentiment: Analyst action: Erste Group trimmed its rating on Broadcom to Hold, a reminder that some sell‑side firms remain cautious on valuation and near‑term expectations despite the AI deal flow. Read More.

Broadcom Trading Down 0.0%

Shares of Broadcom stock opened at $314.43 on Tuesday. The firm has a market cap of $1.49 trillion, a price-to-earnings ratio of 61.41, a PEG ratio of 0.67 and a beta of 1.24. The business has a 50-day moving average price of $324.52 and a 200-day moving average price of $342.80. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Broadcom has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share. Equities research analysts anticipate that Broadcom will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a $0.65 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.60 annualized dividend and a yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Insider Buying and Selling

In related news, insider Mark David Brazeal sold 50,488 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was 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 owned 327,760 shares of the company’s stock, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 273,049 shares of company stock worth $88,300,115. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baring Financial LLC grew its position in Broadcom by 2.2% in the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer’s stock worth $470,000 after acquiring an additional 29 shares in the last quarter. Five Oceans Advisors lifted its stake in Broadcom by 0.4% in the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer’s stock worth $2,835,000 after purchasing an additional 29 shares during the last quarter. Arthur M. Cohen & Associates LLC lifted its stake in Broadcom by 0.6% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer’s stock worth $1,577,000 after purchasing an additional 30 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its stake in Broadcom by 1.4% in the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer’s stock worth $716,000 after purchasing an additional 30 shares during the last quarter. Finally, Private Wealth Partners LLC lifted its stake in Broadcom by 0.7% in the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer’s stock worth $1,410,000 after purchasing an additional 30 shares during the last quarter. 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.