Broadcom (NASDAQ:AVGO) Stock Falls 4.3% – Time to Sell?

Posted by George Bondi on Oct 22nd, 2026

Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s stock price dropped 4.3% during trading on Thursday. The company traded as low as $321.02 and last traded at $323.24. 27,631,662 shares changed hands during trading, an increase of 11% from the average session volume of 24,926,646 shares. The stock had previously closed at $337.80.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside from recent levels. Tigress Financial Broadcom coverage
Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for card-not-present transactions. Early pilot results and demand from financial institutions could strengthen its infrastructure-software business and diversify growth beyond semiconductors. Broadcom Arcot Scam Defense
Positive Sentiment: Several investment articles remain bullish on Broadcom’s custom AI-chip, networking and infrastructure-software opportunities, arguing that accelerating AI revenue could allow AVGO to outperform the broader market through 2030. Broadcom long-term outlook
Neutral Sentiment: Analyst commentary on AVGO was included in a broader upgrades-and-downgrades roundup, suggesting continued institutional attention but no clearly stated consensus change in the available report. Analyst upgrades and downgrades
Negative Sentiment: Technical analysis warns that AVGO faces a critical test near $320 after the recent semiconductor selloff. Rate concerns and doubts about the sustainability of AI capital spending are weighing on chip valuations. Broadcom $320 support test
Negative Sentiment: A comparison with Snowflake concludes that SNOW currently offers stronger enterprise-AI momentum, potentially diverting investor interest from Broadcom. Snowflake versus Broadcom

Wall Street Analyst Weigh In

Several research firms have recently commented on AVGO. BMO Capital Markets boosted their target price on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Rosenblatt Securities initiated coverage on shares of Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $600.00 price objective for the company. Bank of America reduced their price target on Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. Arete Research lifted their price objective on shares of Broadcom from $488.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Evercore set a $578.00 target price on Broadcom and gave the stock an “outperform” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $529.17.

Get Our Latest Stock Analysis on Broadcom

Broadcom Stock Down 4.3%

The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 41.28 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. The company has a 50-day moving average of $357.48 and a 200-day moving average of $384.69.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. On average, equities analysts predict that Broadcom Inc. will post 10.37 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

Institutional Investors Weigh In On Broadcom

Large investors have recently made changes to their positions in the stock. Cornerstone Advisors LLC acquired a new stake in shares of Broadcom during the second quarter worth $92,522,000. GAMMA Investing LLC increased its holdings in Broadcom by 8.8% in the third quarter. GAMMA Investing LLC now owns 164,015 shares of the semiconductor manufacturer’s stock valued at $55,889,000 after buying an additional 13,317 shares in the last quarter. ANB Bank purchased a new position in Broadcom in the 3rd quarter valued at approximately $1,181,000. Bank of America Corp DE raised its stake in shares of Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after buying an additional 894,564 shares during the last quarter. Finally, Clear Harbor Asset Management LLC acquired a new position in Broadcom during the second quarter worth about $3,302,000. 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.