Broadcom (NASDAQ:AVGO) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Broadcom (NASDAQ:AVGO) in a research note released on Tuesday,Benzinga reports. They currently have a $500.00 price target on the semiconductor manufacturer’s stock.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Broadcom in a report on Monday, January 5th. Wolfe Research upgraded Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on Broadcom and gave the stock a “buy” rating in a report on Friday, December 12th. Oppenheimer upped their target price on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, KeyCorp reiterated an “overweight” rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $435.30.

Broadcom Stock Up 6.2%

Shares of NASDAQ:AVGO opened at $333.97 on Tuesday. Broadcom has a 1 year low of $153.09 and a 1 year high of $414.61. The company has a market cap of $1.58 trillion, a PE ratio of 65.23, a P/E/G ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The stock’s 50-day moving average is $324.54 and its 200 day moving average is $342.73.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating 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 company 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 business earned $1.60 EPS. Broadcom’s revenue was up 29.5% compared to the same quarter last year. Sell-side analysts anticipate that Broadcom will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In related news, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the sale, the insider owned 74,626 shares in the company, valued at $24,000,467.86. This represents a 34.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 327,760 shares in the company, valued at $105,407,616. The trade was a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 273,049 shares of company stock worth $88,300,115. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Broadcom

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Broadcom in the 4th quarter valued at approximately $24,252,196,000. Cardano Risk Management B.V. lifted its position in Broadcom by 895.2% in the 4th quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after acquiring an additional 11,414,701 shares in the last quarter. State Street Corp lifted its position in Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock valued at $65,788,194,000 after acquiring an additional 5,040,801 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Broadcom by 499.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after acquiring an additional 4,694,313 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Broadcom by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom signed a long‑term agreement to design and supply Google’s next‑generation custom AI chips and components through 2031, positioning AVGO as a core provider for Google’s AI racks and increasing multi‑year revenue visibility. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: Broadcom will also expand capacity commitments with Anthropic (via Google infrastructure), giving the AI startup more compute access and signaling accelerating demand from large AI model customers. Anthropic ups compute deal with Google and Broadcom amid skyrocketing demand
• Positive Sentiment: Broker and media coverage reacted favorably: reports note that the Google/Anthropic deals materially improve multi‑year visibility for Broadcom’s AI chip and networking businesses and helped lift the stock in pre‑market/after‑hours trade. Broadcom to Supply AI Chips to Google, Computing Capacity to Anthropic in Expanded Collaboration
• Positive Sentiment: Rosenblatt reaffirmed a “buy” on AVGO and set a $500 price target, reinforcing bullish analyst sentiment and providing a high‑profile upside reference for traders. Benzinga: Rosenblatt reaffirms buy, $500 PT
• Positive Sentiment: Several outlets and analysts (Zacks, Proactive, 247WallStreet) highlight Broadcom and Micron as critical AI infrastructure enablers — Zacks maintains a bullish view that favors long‑term demand from hyperscalers. Micron and Broadcom: 2 Critical AI Infrastructure Enablers
• Neutral Sentiment: Coverage questions whether these deals can revive broader weakness in the AI trade — articles note AVGO’s recent underperformance versus some peers despite strong fundamentals. Broadcom Stock Gains on Google and Anthropic Deals. Can It Help Revive a Flagging AI Trade?
• Neutral Sentiment: Market commentary urges long‑term investors to “buy the dip” on AVGO given fundamentals, but notes recent share volatility and that benefits will be realized over multiple years. Broadcom Slips 9% – Why Smart Investors Should Buy the Dip Now
• Negative Sentiment: Some analysts remain cautious: Erste Group downgraded AVGO on concerns about the growth trajectory of its software segment, highlighting execution and margin risks outside the chip business. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth
• Negative Sentiment: Technicals and valuation remain headwinds after a pullback from December highs; some outlets point out AVGO has entered a technical bear territory, which can amplify short‑term downside risk despite the new deals. Broadcom stock price bullish flag points to more gains after the Anthropic deal

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.