Broadcom (NASDAQ:AVGO) Stock Falls 5.5% – Time to Sell?

Posted by on Oct 30th, 2026

Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s stock price dropped 5.5% during mid-day trading on Friday. The stock traded as low as $319.30 and last traded at $326.08. Approximately 36,301,227 shares changed hands during trading, an increase of 46% from the average session volume of 24,864,658 shares. The stock had previously closed at $345.00.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

  • Positive Sentiment: DA Davidson upgraded Broadcom to Buy from Neutral and raised its price target from $350 to $400, citing the company’s exposure to major AI customers, including Anthropic. Broadcom Falls Despite DA Davidson Upgrade
  • Positive Sentiment: A proposed $63 billion financing structure tied to Anthropic could provide Broadcom with a funded customer for its ambitious AI semiconductor plans. Broadcom has projected AI semiconductor revenue of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028. However, the arrangement includes a potential Broadcom backstop of roughly $43 billion, creating execution and financial-risk considerations. Broadcom’s Anthropic Deal
  • Neutral Sentiment: Commentary remains constructive on long-term demand for custom AI chips, networking equipment and data-center infrastructure. Meta’s planned capital raise of more than $100 billion to fund its AI buildout could also benefit suppliers such as Broadcom, although higher financing costs and the need to prove returns on capital spending remain concerns. Meta’s Financing Plan and Broadcom
  • Negative Sentiment: Intel’s weaker-than-expected forecast prompted investors to reassess semiconductor demand, pressuring Intel, AMD and Broadcom. Amazon’s results also heightened worries that rapidly rising AI infrastructure spending may not generate attractive near-term returns. Why Intel, AMD and Broadcom Are Falling
  • Negative Sentiment: Broadcom remains exposed to broader concerns about elevated AI valuations, rising interest rates and whether hyperscalers can sustain enormous capital expenditures. As a result, investors are prioritizing near-term demand visibility and execution over bullish long-term revenue forecasts.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Sanford C. Bernstein reiterated a “buy” rating on shares of Broadcom in a research report on Monday, September 21st. The Goldman Sachs Group increased their target price on Broadcom from $525.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. BNP Paribas Exane boosted their price objective on shares of Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Raymond James Financial reiterated an “outperform” rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Finally, HC Wainwright started coverage on shares of Broadcom in a report on Tuesday. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $530.52.

Read Our Latest Stock Analysis on AVGO

Broadcom Trading Down 5.5%

The stock’s fifty day moving average price is $353.57 and its 200 day moving average price is $367.09. The stock has a market cap of $1.56 trillion, a P/E ratio of 41.65 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the business earned $1.69 EPS. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. Equities research analysts expect that Broadcom Inc. will post 10.37 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is currently 33.21%.

Institutional Trading of Broadcom

Several institutional investors have recently bought and sold shares of the company. MFG Investments LLC purchased a new stake in Broadcom during the 3rd quarter worth $766,000. Third View Private Wealth LLC grew its position in shares of Broadcom by 6.8% during the third quarter. Third View Private Wealth LLC now owns 22,413 shares of the semiconductor manufacturer’s stock worth $7,871,000 after buying an additional 1,426 shares in the last quarter. Provenance Wealth Advisors LLC boosted its stake in Broadcom by 672.3% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 17,841 shares of the semiconductor manufacturer’s stock valued at $6,266,000 after acquiring an additional 15,531 shares during the last quarter. Ackerman Capital Advisors LLC grew its position in shares of Broadcom by 46.5% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 1,263 shares of the semiconductor manufacturer’s stock valued at $444,000 after buying an additional 401 shares during the last quarter. Finally, One Day In July LLC raised its holdings in shares of Broadcom by 7.4% during the third quarter. One Day In July LLC now owns 2,807 shares of the semiconductor manufacturer’s stock valued at $986,000 after buying an additional 193 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Company Profile

(Get Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.

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