Broadcom (NASDAQ:AVGO – Get Free Report)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a report released on Wednesday,Benzinga reports. They presently have a $400.00 target price on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 12.13% from the stock’s previous close.
Several other analysts also recently issued reports on AVGO. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Morgan Stanley set a $502.00 target price on Broadcom and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Benchmark raised their target price on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Susquehanna reissued a “positive” rating and set a $490.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $491.97.
Get Our Latest Analysis on Broadcom
Broadcom Price Performance
Broadcom (NASDAQ:AVGO – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The business had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. On average, analysts expect that Broadcom will post 10.24 earnings per share for the current year.
Insider Transactions at Broadcom
In other Broadcom news, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $373.57 per share, with a total value of $373,570.00. Following the completion of the acquisition, the director directly owned 38,466 shares in the company, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the sale, the director owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC boosted its position in shares of Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares during the period. Networth Advisors LLC boosted its position in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares during the period. Nvest Wealth Strategies Inc. bought a new position in Broadcom in the 4th quarter worth approximately $33,000. Finally, Harborfront Financial Group LLC bought a new position in Broadcom in the 2nd quarter worth approximately $38,000. 76.43% of the stock is owned by institutional investors and hedge funds.
Key Broadcom News
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: AI networking demand remains a key support. Broadcom is increasingly viewed as a major beneficiary of AI infrastructure spending, particularly custom accelerators, networking, and the shift toward inference and agentic AI workloads. Analysts and market commentary continue to rank Broadcom among the leading AI-chip companies, second only to Nvidia in some views. 3 AI Networking Stocks Dominating a Quiet Niche
- Positive Sentiment: Analyst support and VMware traction provide additional optimism. BMO set a $455 price target and an Outperform rating, citing Broadcom’s strong position in AI chips. Separately, Rackspace launched a managed multitenant cloud platform based on VMware Cloud Foundation 9.1, offering early commercial validation of Broadcom’s VMware strategy in regulated and AI-focused markets. BMO sees writing on the wall for Broadcom stock after earnings
- Neutral Sentiment: Earnings could determine the next move. Broadcom is expected to report results Wednesday after previously posting $22.19 billion in quarterly revenue, up 47.9% year over year, and adjusted earnings of $2.44 per share. Investors will focus on AI revenue growth, guidance, margins, and demand from major customers. Broadcom to Release Earnings on Wednesday
- Negative Sentiment: Debt and credit concerns are weighing on sentiment. Reports highlight a proposed $60 billion AI financing arrangement and broader concerns that vendor financing could shift risk away from customers without eliminating it. Investors are questioning whether the spending required to support projected AI growth could increase leverage and credit risk. Broadcom’s $60 Billion AI Debt Deal
- Negative Sentiment: Margin pressure is another risk ahead of results. Analysts are concerned that continued investment in AI infrastructure and VMware integration could cause margin contraction, making Broadcom’s premium valuation—about 59 times earnings—more sensitive to any earnings or guidance disappointment. Broadcom Q3 Earnings Preview
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.
Read More
- Five stocks we like better than Broadcom
- PDD Beat Earnings—So Why Did the Stock Still Fall?
- Tariffs Are Back in Focus: 3 Stocks With a Home-Field Advantage
- Marzetti Stock Confirms Reversal on Earnings Strength, Dividend Growth
- Pathward’s Credit Scare Tests Its Comeback Story
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.
