Broadcom (NASDAQ:AVGO – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a report released on Tuesday,Benzinga reports. They presently have a $500.00 price objective on the semiconductor manufacturer’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 59.02% from the stock’s previous close.
A number of other equities research analysts have also commented on the stock. Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $410.00 to $430.00 in a report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on shares of Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. Robert W. Baird set a $420.00 price target on shares of Broadcom in a report on Friday, December 12th. Finally, TD Cowen reiterated a “buy” rating on shares of Broadcom in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $435.30.
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Broadcom Price Performance
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data 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 net margin of 36.57% and a return on equity of 38.61%. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 29.5% on a year-over-year basis. Equities research analysts expect that Broadcom will post 5.38 EPS for the current year.
Insider Activity at Broadcom
In other Broadcom news, insider Mark David Brazeal sold 50,488 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were 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 directly owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares of the company’s stock, valued at $24,000,467.86. This trade represents a 34.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 273,049 shares of company stock valued at $88,300,115 over the last quarter. Company insiders own 1.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AVGO. ROSS JOHNSON & Associates LLC grew its position in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares during the period. SWAN Capital LLC grew its position in Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in Broadcom during the 2nd quarter valued at about $28,000. JCIC Asset Management Inc. purchased a new stake in Broadcom during the 3rd quarter valued at about $31,000. Finally, Miller Global Investments LLC purchased a new stake in Broadcom during the 4th quarter valued at about $31,000. 76.43% of the stock is currently owned by institutional investors.
More Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom signed a long-term deal to develop and supply future generations of Google’s custom AI chips and other data‑center components through 2031 — a major, revenue‑backing win for AVGO. Broadcom signs long-term deal to develop Google’s custom AI chips
- Positive Sentiment: Broadcom expanded collaboration with Anthropic, providing additional computing capacity (and tying Broadcom into fast‑growing AI workloads), boosting visibility into multi‑year demand. Broadcom agrees to expanded chip deals with Google, Anthropic
- Positive Sentiment: SEC filings and after‑hours reports showing the Google/Anthropic deals drove immediate buying interest (after‑hours and premarket gains), signaling strong near‑term sentiment from traders. Broadcom Stock Gains After Filing Shows Deal With Google
- Positive Sentiment: Management has a very bullish AI outlook (CEO line-of-sight to materially larger AI chip revenue), reinforcing investor expectations that Broadcom can capture significant share in custom AI silicon. Broadcom’s CEO Has Line of Sight to $100 Billion in AI Chip Revenue. Is the Stock a Buy?
- Neutral Sentiment: Analyst consensus remains generally favorable (consensus “Moderate Buy” in some reports and inclusion on “best S&P 500” lists), supporting a constructive medium‑term narrative despite recent volatility. Broadcom Inc. (NASDAQ:AVGO) Given Consensus Rating of “Moderate Buy” by Analysts
- Negative Sentiment: Erste Group downgraded Broadcom from Buy to Hold, citing concerns about growth in the software segment — a reminder that not all revenue drivers are uniformly strong and that valuation is elevated. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth
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.
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