Broadcom (NASDAQ:AVGO) Given New $545.00 Price Target at Truist Financial

Broadcom (NASDAQ:AVGO) had its price target hoisted by analysts at Truist Financial from $510.00 to $545.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Truist Financial’s price objective indicates a potential upside of 62.92% from the company’s current price.

AVGO has been the topic of several other reports. Royal Bank Of Canada lowered their target price on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Monday. Barclays restated an “overweight” rating and issued a $500.00 price target (up from $450.00) on shares of Broadcom in a research report on Friday, December 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Broadcom in a research note on Monday, January 5th. Citigroup reissued a “buy” rating and issued a $458.00 price objective (down from $480.00) on shares of Broadcom in a research note on Tuesday, February 17th. Finally, Rosenblatt Securities lifted their target price on shares of Broadcom from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $433.63.

Broadcom Price Performance

Shares of AVGO traded up $17.00 during mid-day trading on Thursday, hitting $334.53. The company’s stock had a trading volume of 30,141,828 shares, compared to its average volume of 25,395,697. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $334.52 and a 200 day simple moving average of $342.68. The firm has a market capitalization of $1.59 trillion, a P/E ratio of 70.28, a P/E/G ratio of 1.00 and a beta of 1.22. Broadcom has a 1-year low of $138.10 and a 1-year high of $414.61.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. Analysts predict that Broadcom will post 5.38 EPS for the current fiscal year.

Insider Activity

In other Broadcom news, CEO Hock E. Tan sold 70,000 shares of Broadcom stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer directly owned 132,836 shares of the company’s stock, valued at approximately $46,133,942.80. The trade was a 34.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 1,928 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total value of $631,998.40. Following the transaction, the insider directly owned 23,582 shares in the company, valued at approximately $7,730,179.60. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 779,101 shares of company stock valued at $283,804,325 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Trading of Broadcom

Hedge funds have recently added to or reduced their stakes in the business. Capital Counsel LLC NY acquired a new stake in Broadcom during the 2nd quarter valued at $221,000. Waterloo Capital L.P. raised its position in Broadcom by 7.0% during the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer’s stock valued at $13,331,000 after buying an additional 3,180 shares during the period. Providence First Trust Co lifted its stake in Broadcom by 1,099.3% in the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock worth $2,944,000 after acquiring an additional 8,179 shares in the last quarter. Aspen Wealth Strategies LLC boosted its position in Broadcom by 174.7% during the 2nd quarter. Aspen Wealth Strategies LLC now owns 23,673 shares of the semiconductor manufacturer’s stock worth $6,525,000 after acquiring an additional 15,055 shares during the period. Finally, RiverFront Investment Group LLC grew its stake in Broadcom by 107.6% during the 2nd quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock valued at $4,555,000 after acquiring an additional 8,566 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and big AI growth — Broadcom reported $19.3B revenue and $2.05 adj. EPS, AI semiconductor sales grew ~106% to $8.4B, and management guided Q2 revenue well above Street estimates ($22B vs. ~ $20.4B). That combo is the main driver of the rally. Broadcom’s Blowout Quarter Just Made the Bears Look Foolish
• Positive Sentiment: Large buyback — Broadcom authorized a $10B share-repurchase program, which supports EPS and signals management confidence in value at current levels. Broadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend
• Positive Sentiment: Convincing AI roadmap — CEO Hock Tan told investors Broadcom expects AI chip sales to exceed $100B in 2027 and said memory capacity is secured through 2028, bolstering the view of durable secular demand. Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027
• Positive Sentiment: Analyst upgrades and higher targets — Several firms revised forecasts and price targets higher after the results (including firms reaffirming buy ratings and raising targets), supporting optimistic sentiment. These Analysts Revise Their Forecasts On Broadcom Following Q1 Results
• Neutral Sentiment: Sector tailwind — The broader semiconductor/AI capex cycle is drawing ETF flows (SMH/SOXX), which magnifies moves in AVGO but ties performance to the health of the AI buildout. The $650 Billion AI Surge Is Here—2 Semiconductor ETFs to Play It
• Neutral Sentiment: Product progress — Broadcom has begun shipping advanced 2nm custom compute SoCs on its 3.5D XDSiP platform, a technical win that supports long-term competitiveness but won’t immediately move revenue. Broadcom (AVGO) Ships 3.5D Face-To-Face Compute SoC
• Negative Sentiment: Software weakness and longer-term complexity — Broadcom’s infrastructure software (VMware exposure) grew only ~1% YoY this quarter and several outlets note software could act as a drag or complicate the story. That tempers enthusiasm about pure semiconductor leverage. Broadcom’s AI Business Is Booming. The Rest Is Complicated.
• Negative Sentiment: Offsetting analyst moves & insider selling — A few firms trimmed targets (or moderated upside) and Quiver/filings show notable insider sales historically, which some investors view as a cautionary signal. Broadcom (AVGO) Trading Down 1.6% Following Analyst Downgrade

Broadcom Company Profile

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.