Morgan Stanley Increases Broadcom (NASDAQ:AVGO) Price Target to $470.00

Broadcom (NASDAQ:AVGO) had its price objective lifted by stock analysts at Morgan Stanley from $462.00 to $470.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s target price indicates a potential upside of 39.84% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Oppenheimer raised their price objective on Broadcom from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. DA Davidson raised shares of Broadcom to a “hold” rating in a research note on Friday, February 13th. Wells Fargo & Company upgraded Broadcom from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $410.00 to $430.00 in a report on Thursday, January 15th. Raymond James Financial set a $420.00 price target on Broadcom and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Trading Up 1.0%

NASDAQ AVGO traded up $3.33 on Friday, hitting $336.10. The company’s stock had a trading volume of 9,618,095 shares, compared to its average volume of 25,624,996. 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 has a 1-year low of $138.10 and a 1-year high of $414.61. The company’s 50-day moving average is $334.17 and its 200 day moving average is $342.61. The firm has a market cap of $1.59 trillion, a PE ratio of 65.64, a PEG ratio of 1.02 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last issued its quarterly 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. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 39.28%. Broadcom’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. As a group, analysts predict that Broadcom will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 30,000 shares of Broadcom stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer owned 277,237 shares of the company’s stock, valued at $96,428,573.34. This trade represents a 9.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 1,928 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 23,582 shares in the company, valued at $7,730,179.60. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 779,101 shares of company stock worth $283,804,325 in the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Broadcom

A number of hedge funds have recently bought and sold shares of AVGO. Capital Counsel LLC NY bought a new position in shares of Broadcom in the second quarter worth approximately $221,000. Waterloo Capital L.P. raised its holdings in Broadcom by 7.0% during the 2nd 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 last quarter. Providence First Trust Co boosted its position in Broadcom by 1,099.3% during the 3rd quarter. Providence First Trust Co now owns 8,923 shares of the semiconductor manufacturer’s stock valued at $2,944,000 after buying an additional 8,179 shares during the period. Aspen Wealth Strategies LLC raised its stake in shares of Broadcom by 174.7% during the second quarter. Aspen Wealth Strategies LLC now owns 23,673 shares of the semiconductor manufacturer’s stock valued at $6,525,000 after acquiring an additional 15,055 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its holdings in shares of Broadcom by 107.6% during the second quarter. RiverFront Investment Group LLC now owns 16,524 shares of the semiconductor manufacturer’s stock worth $4,555,000 after purchasing an additional 8,566 shares during the period. 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: 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

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.