Broadcom (NASDAQ:AVGO) Given New $500.00 Price Target at Rosenblatt Securities

Broadcom (NASDAQ:AVGO) had its price target boosted by Rosenblatt Securities from $450.00 to $500.00 in a report issued on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also recently issued reports about the stock. TD Cowen reissued a “buy” rating on shares of Broadcom in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Friday, December 12th. Sanford C. Bernstein restated an “outperform” rating and set a $475.00 price objective (up from $400.00) on shares of Broadcom in a research report on Friday, December 12th. Truist Financial upped their target price on Broadcom from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, UBS Group set a $475.00 target price on Broadcom and gave the company a “buy” rating in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $435.03.

Broadcom Price Performance

NASDAQ AVGO traded up $3.72 during mid-day trading on Thursday, hitting $336.49. The stock had a trading volume of 5,838,770 shares, compared to its average volume of 25,485,537. The company has a 50 day simple moving average of $334.17 and a 200 day simple moving average of $342.61. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 65.72, a P/E/G ratio of 1.02 and a beta of 1.22. Broadcom has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 39.28% 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 period in the previous year, the business earned $1.60 earnings per share. Broadcom’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities analysts forecast that Broadcom will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s dividend payout ratio is currently 50.78%.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 1,928 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $327.80, for a total value of $631,998.40. Following the sale, the insider directly owned 23,582 shares of the company’s stock, valued at approximately $7,730,179.60. This trade represents a 7.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $347.12, for a total transaction of $10,413,600.00. Following the transaction, the insider directly owned 210,573 shares of the company’s stock, valued at approximately $73,094,099.76. This represents a 12.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 779,101 shares of company stock valued at $283,804,325. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Broadcom

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after buying an additional 756 shares in the last quarter. United Bank grew its stake in Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the period. Sivia Capital Partners LLC increased its position in shares of Broadcom by 10.1% in the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Capital & Planning LLC raised its stake in shares of Broadcom by 10.5% in the 2nd quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after acquiring an additional 378 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 results beat and AI momentum — Broadcom reported revenue of $19.31B and non‑GAAP EPS of $2.05, with AI semiconductor revenue up ~106%, and management issued very strong Q2 revenue guidance (~$22.0B) that exceeded Street expectations. Broadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: $10B buyback + dividend — Management authorized a $10 billion repurchase program and reaffirmed a quarterly dividend, which supports EPS accretion and signals capital allocation confidence after the strong quarter. Broadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Longer‑term AI revenue target — CEO Hock Tan said AI chip sales could top $100B in 2027, reinforcing investor conviction that Broadcom is scaling in the custom-XPU market and competing beyond traditional networking chips. Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027
• Positive Sentiment: Analysts lift targets and upgrade coverage — Several firms raised price targets and ratings after the print, including upgrades/target raises from banks and boutiques, backing the stock’s upside on improved visibility into AI demand. Analysts upgrade Broadcom stock price target following earnings report
• Positive Sentiment: High-profile bullish commentary — TV and market commentators (e.g., Jim Cramer) are calling AVGO undervalued after the results, which can help retail sentiment and flows. Cramer Calls Broadcom Undervalued Despite Recent Declines
• Neutral Sentiment: Policy risk — Discussion of tighter U.S. export rules for AI chips could introduce regulatory uncertainty for global sales; impact depends on final rule scope and timing. New Export Rules Could Be Coming for AI Chipmakers’ Sales
• Negative Sentiment: Analyst downgrade — Zacks cut AVGO from “strong‑buy” to “hold,” a reminder that not all shops are turning more bullish and some see less near‑term upside; analyst views can pressure short‑term flows. Zacks.com

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.