Broadcom (NASDAQ:AVGO) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Broadcom (NASDAQ:AVGO) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $600.00 target price on the semiconductor manufacturer’s stock.

A number of other equities analysts have also issued reports on AVGO. Citigroup reaffirmed a “buy” rating on shares of Broadcom in a research note on Thursday, June 4th. Dbs Bank raised Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. Jefferies Financial Group set a $550.00 price objective on Broadcom and gave the company a “buy” rating in a report on Thursday, June 4th. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a research note on Tuesday, July 7th. Finally, Evercore reaffirmed an “outperform” rating and set a $582.00 target price on shares of Broadcom in a research note on Tuesday, May 19th. Thirty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $500.60.

Broadcom Trading Up 0.2%

Shares of NASDAQ:AVGO opened at $357.89 on Thursday. The company has a 50 day moving average of $383.57 and a 200-day moving average of $377.23. The firm has a market cap of $1.70 trillion, a P/E ratio of 45.71, a P/E/G ratio of 0.68 and a beta of 1.44. Broadcom has a twelve month low of $289.96 and a twelve month high of $495.00. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same period last year, the firm posted $1.69 earnings per share. The business’s revenue was up 85.5% on a year-over-year basis. As a group, analysts anticipate that Broadcom will post 10.25 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is 33.21%.

Insider Buying and Selling

In other news, insider Mark Brazeal sold 25,000 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the sale, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,644 shares of company stock worth $24,016,214 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Broadcom

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Broadcom in the 4th quarter valued at approximately $24,252,196,000. Legal & General Group Plc acquired a new stake in Broadcom during the 2nd quarter valued at $11,998,148,000. Bank of New York Mellon Corp acquired a new stake in Broadcom during the 2nd quarter valued at $10,528,191,000. Jupiter Topco LLC purchased a new stake in shares of Broadcom in the second quarter valued at $7,396,271,000. Finally, Deutsche Bank AG purchased a new stake in shares of Broadcom in the second quarter valued at $5,661,216,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
• Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings
• Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders.
• Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher
• Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth.
• Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle.

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.