Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s share price shot up 4.7% during trading on Thursday . The stock traded as high as $388.68 and last traded at $387.84. Approximately 23,383,137 shares changed hands during trading, a decline of 9% from the average daily volume of 25,711,832 shares. The stock had previously closed at $370.32.
Key Headlines Impacting Broadcom
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom reportedly signed a five-year, $200 billion agreement with Samsung covering memory chips, including high-bandwidth memory, and potential advanced-packaging collaboration. The deal could improve supply visibility for Broadcom’s AI accelerators and support its ability to meet growing customer demand. Broadcom’s $200 Billion Samsung Deal Shows How Costly the AI Memory Race Has Become
- Positive Sentiment: Analyst coverage highlighted strong bookings, long-term agreements and momentum in AI accelerators and networking, with growth expected to continue into fiscal 2027. A separate analysis pointed to a potential $30 billion order book that may not yet be fully reflected in investor expectations. AI Accelerators and Networking Fuel Broadcom’s Growth: What’s Ahead?
- Positive Sentiment: Several reports characterized AVGO as a relatively safer way to invest in AI hardware because of its diversified semiconductor and infrastructure-software businesses, recurring customer relationships and exposure to networking demand. Wall Street’s generally bullish recommendations provide additional support. Broadcom: Safer Choice For AI Hardware
- Positive Sentiment: Commentary suggested Broadcom may be undervalued after its recent retreat, based on discounted-cash-flow estimates and earnings multiples. The pullback has also created a potential entry point for investors seeking exposure to AI and data-center infrastructure. Is Broadcom Stock Below Fair Value After Its AI Deals?
- Neutral Sentiment: Broadcom was included among favored growth-stock ideas for the remainder of 2026, reflecting optimism about AI and infrastructure spending but also acknowledging that growth-stock valuations remain sensitive to market sentiment. 2 Stocks From Top Growth Sectors to Buy in August for the Rest of 2026
- Negative Sentiment: Risks remain from concerns that AI-related valuations have become excessive. Analysts have also questioned whether large AI “backstop” arrangements could create financial liabilities or execution risks, while the broader chip-sector pullback continues to pressure sentiment. NVDA, AVGO’s AI Backstops Have One Analyst Worried
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Broadcom from $360.00 to $400.00 and gave the company a “sector perform” rating in a research note on Thursday, June 4th. Oppenheimer reaffirmed an “outperform” rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. TD Cowen reiterated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday, June 4th. Evercore reissued an “outperform” rating and set a $582.00 target price on shares of Broadcom in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Twenty-eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $493.24.
Broadcom Trading Up 4.7%
The firm has a fifty day simple moving average of $395.11 and a 200-day simple moving average of $367.66. The firm has a market cap of $1.85 trillion, a P/E ratio of 64.64, a price-to-earnings-growth ratio of 0.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01.
Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 47.9% on a year-over-year basis. On average, equities research analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current year.
Broadcom Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Monday, June 22nd. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio is presently 43.33%.
Insider Buying and Selling at Broadcom
In other news, Director Justine Page sold 1,602 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark David Brazeal sold 25,000 shares of the company’s stock in a transaction dated 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 $78,254,935.37. This represents a 11.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 61,644 shares of company stock valued at $24,016,214 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Broadcom
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC raised its holdings in Broadcom by 129.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after acquiring an additional 62,050 shares during the period. Sovran Advisors LLC grew its stake in Broadcom by 121.3% during the fourth quarter. Sovran Advisors LLC now owns 30,631 shares of the semiconductor manufacturer’s stock valued at $10,507,000 after acquiring an additional 16,789 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Broadcom by 406.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,994 shares of the semiconductor manufacturer’s stock valued at $4,151,000 after acquiring an additional 9,624 shares in the last quarter. Aspiriant LLC increased its holdings in Broadcom by 18.5% during the 4th quarter. Aspiriant LLC now owns 12,016 shares of the semiconductor manufacturer’s stock worth $4,158,000 after acquiring an additional 1,872 shares during the period. Finally, Western Financial Corp CA lifted its stake in Broadcom by 90.5% in the 4th quarter. Western Financial Corp CA now owns 6,481 shares of the semiconductor manufacturer’s stock worth $2,243,000 after purchasing an additional 3,079 shares in the last quarter. 76.43% of the stock is owned by institutional investors.
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.
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