Shares of Broadcom Inc. (NASDAQ:AVGO – Get Free Report) were down 1.7% during trading on Monday . The company traded as low as $395.90 and last traded at $399.63. Approximately 16,800,132 shares traded hands during trading, a decline of 36% from the average daily volume of 26,092,350 shares. The stock had previously closed at $406.54.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Broadcom unveiled a secure runtime for Autonomous AI via the VMware Tanzu Platform, extending its software/AI stack into VMware Cloud Foundation and positioning Broadcom to capture enterprise AI workloads beyond chips. Broadcom Inc. (AVGO) Extends AI Reach with VMware Tanzu Platform for Enterprise AI
- Positive Sentiment: Expanded collaboration with Google Cloud on Cloud Network Insights (powered by AppNeta) strengthens Broadcom’s enterprise software footprint and recurring-revenue mix in multi-cloud observability. Broadcom Expands Collaboration with Google Cloud on Cloud Network Insights
- Positive Sentiment: Benchmark reiterated a Buy and $485 target, citing Broadcom’s AI partnerships (including Meta) as evidence the company can exceed prior revenue/AI service targets — analyst endorsement that can support higher valuations. Benchmark Bullish on Broadcom (AVGO), Here’s What the Firm Thinks About Meta Deal
- Positive Sentiment: MarketBeat/others report Broadcom extended its AI pact with Meta into 2029 and broadened partnerships with Google and Anthropic — continuity with hyperscalers reduces execution risk and supports multi-year AI service revenue. Broadcom and Meta Extend AI Pact Into 2029 as Shares Climb to $400
- Positive Sentiment: New product: Arcot Smart Ruleset (ML-driven payment fraud detection) signals Broadcom is monetizing AI outside semiconductors — diversification that can expand software ARR and margins over time. Broadcom Extends AI Story With Arcot Smart Ruleset In Payments
- Positive Sentiment: Congressional disclosures show lawmakers buying AVGO (over $3M in recent filings) and high-profile Pelosi option activity has attracted attention — insider/insider-adjacent buying often boosts investor confidence. Lawmakers Bet Big on These 3 Stocks—Should You? (AVGO)
- Neutral Sentiment: Broadcom was named among top-ranked AI infrastructure plays in several roundup pieces — positive framing but generic coverage that largely reiterates exposure to hyperscaler/datacenter demand. 5 Top-Ranked AI Infrastructure Bigwigs for Sparkling Returns in 2026
- Neutral Sentiment: At the annual meeting shareholders backed the board, auditor and executive pay — governance outcomes reduce proxy risk but are unlikely to move fundamentals. Broadcom Shareholders Back Board, Auditor and Executive Pay
- Negative Sentiment: Valuation concerns: commentary asks whether Broadcom’s rapid 1‑year surge (~139%) already prices in too much growth, raising risk of multiple contraction if execution or AI deals disappoint. Is Broadcom (AVGO) Pricing In Too Much After Its 139% One Year Surge?
Analyst Ratings Changes
A number of analysts have recently commented on AVGO shares. Zacks Research raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Morgan Stanley upped their price objective on shares of Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Wolfe Research raised shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research note on Friday, January 30th. Finally, Bank of America dropped their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average target price of $435.30.
Broadcom Stock Performance
The company has a market cap of $2.00 trillion, a PE ratio of 82.55, a PEG ratio of 0.83 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The firm’s 50 day moving average is $335.72 and its 200-day moving average is $346.14.
Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $19.10 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, research analysts anticipate that Broadcom Inc. will post 9.95 earnings per share for the current fiscal year.
Broadcom Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. Broadcom’s dividend payout ratio is 50.78%.
Insiders Place Their Bets
In other news, insider Charlie B. Kawwas sold 10,000 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total transaction of $3,452,300.00. Following the completion of the transaction, the insider directly owned 787,184 shares in the company, valued at approximately $271,759,532.32. This represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 2,018 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $353.00, for a total value of $712,354.00. Following the transaction, the director owned 18,164 shares of the company’s stock, valued at approximately $6,411,892. This represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 324,282 shares of company stock worth $106,425,249. 1.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Broadcom
Large investors have recently made changes to their positions in the stock. ROSS JOHNSON & Associates LLC increased its holdings in Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC grew its position in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. JCIC Asset Management Inc. acquired a new position in Broadcom in the 3rd quarter valued at about $31,000. Miller Global Investments LLC purchased a new stake in Broadcom during the fourth quarter worth about $31,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of Broadcom during the fourth quarter worth about $33,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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