Broadcom (NASDAQ:AVGO) Stock Price Up 1.3% – Here’s What Happened

Broadcom Inc. (NASDAQ:AVGO) shares traded up 1.3% on Tuesday . The stock traded as high as $397.33 and last traded at $389.11. 18,656,998 shares traded hands during trading, a decline of 29% from the average session volume of 26,278,639 shares. The stock had previously closed at $384.05.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s long-term outlook got a boost after reports highlighted its expanded Apple custom chip agreement through 2031, which reinforces a durable revenue stream outside of AI and supports the company’s role as a key semiconductor supplier. What Broadcom (AVGO)’s Extended Apple Custom Chip Deal Through 2031 Means For Shareholders
• Positive Sentiment: Several articles framed Broadcom as a major AI winner, with commentary suggesting it could outperform Nvidia over the rest of 2026 and remain one of the strongest picks in AI infrastructure. Broadcom vs Nvidia: Yes, Broadcom Is Set to Outpace Nvidia Through the Rest of 2026
• Positive Sentiment: Analyst and investor commentary remained constructive on AI spending trends, with reports citing a “mega bull case” for AI infrastructure and optimistic Wall Street views on Broadcom’s business momentum. Famous AI Investor Says This is the ‘Mega Bull Case’ For Stocks like NVIDIA, Micron, and Broadcom
• Neutral Sentiment: One article compared Broadcom with Nvidia, AMD, and Alphabet in the AI chip race, but it was more of a valuation/strategy discussion than a new company-specific catalyst. Price Prediction: Nvidia vs AMD vs Broadcom, Which One Could 3x by 2027?
• Negative Sentiment: Broadcom also appeared in a sector selloff story, where chip stocks fell amid geopolitical tension and rotation out of semiconductors, which can weigh on the shares in the short term. INTC, AMD, NVDA, AVGO: Chip Stocks Slide As Fresh US-Iran Strikes Test Peace Deal
• Negative Sentiment: An insider-selling report may create a modest near-term overhang, though it is not necessarily a change in Broadcom’s fundamentals. Insider Selling: Broadcom (NASDAQ:AVGO) Insider Sells $9,479,750.00 in Stock

Analysts Set New Price Targets

Several analysts recently issued reports on AVGO shares. Citigroup reissued a “buy” rating on shares of Broadcom in a research note on Thursday, June 4th. Benchmark upped their price target on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. UBS Group set a $485.00 target price on Broadcom and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, KeyCorp restated an “overweight” rating and set a $575.00 target price (up from $500.00) on shares of Broadcom in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $493.24.

Broadcom Stock Performance

The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.85 trillion, a P/E ratio of 64.85, a P/E/G ratio of 0.70 and a beta of 1.45. The business has a fifty day simple moving average of $404.62 and a 200-day simple moving average of $364.53.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the firm earned $1.58 EPS. The company’s revenue was up 47.9% compared to the same quarter last year. On average, sell-side analysts predict that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s payout ratio is 43.33%.

Insider Activity

In related news, Director Justine Page sold 1,602 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $379.19, for a total value of $9,479,750.00. Following the completion of the transaction, the insider directly owned 219,989 shares in the company, valued at $83,417,628.91. This trade represents a 10.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 36,644 shares of company stock valued at $13,982,964. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AVGO. ROSS JOHNSON & Associates LLC grew its stake in shares of Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Networth Advisors LLC lifted its position in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares during the period. SWAN Capital LLC boosted its holdings in Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Miller Global Investments LLC bought a new stake in Broadcom in the 4th quarter worth approximately $31,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in Broadcom in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

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.