Broadcom (NASDAQ:AVGO) Trading Up 4.8% on Analyst Upgrade

Broadcom Inc. (NASDAQ:AVGO) shot up 4.8% during mid-day trading on Tuesday after Morgan Stanley raised their price target on the stock from $470.00 to $485.00. Morgan Stanley currently has an overweight rating on the stock. Broadcom traded as high as $466.05 and last traded at $482.2120. 30,350,777 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 18,973,756 shares. The stock had previously closed at $459.97.

A number of other analysts have also recently commented on AVGO. Erste Group Bank cut shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. TD Cowen restated a “buy” rating and set a $500.00 target price (up from $405.00) on shares of Broadcom in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Benchmark reiterated a “buy” rating and issued a $485.00 target price on shares of Broadcom in a report on Thursday, March 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $500.00 target price on shares of Broadcom in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average price target of $455.07.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 2,018 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the transaction, the director owned 18,164 shares in the company, valued at approximately $6,411,892. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 787,184 shares of the company’s stock, valued at approximately $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,282 shares of company stock worth $106,425,249 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Oppenheimer turned more bullish on Broadcom ahead of earnings, reiterating a Buy rating and $450 price target, signaling confidence in the company’s near-term results and longer-term AI demand. Veteran Bank Makes Big Broadcom Call Before Earnings Report
• Positive Sentiment: Broadcom has benefited from broader enthusiasm in AI hardware after Alphabet’s large AI infrastructure fundraising plans and Jensen Huang’s high-profile praise of Marvell, which helped lift sentiment across the AI semiconductor group, including AVGO. Why is AVGO up? GOOG’s fundraising, Anthropic’s IPO, Huang’s Marvell call in focus
• Positive Sentiment: Several previews say Broadcom’s fiscal Q2 report could showcase stronger semiconductor revenue, continued AI-chip momentum, and software growth from VMware, supporting the stock ahead of results. Will Higher Semiconductor Revenues Help AVGO Stock Beat Q2 Earnings?
• Positive Sentiment: Additional analyst upgrades and higher price targets from firms including Susquehanna, UBS, HSBC, and Morgan Stanley reinforced the view that Broadcom’s earnings and AI exposure remain strong going into the report. Susquehanna and UBS Raise Broadcom (AVGO) Price Target Ahead of Results
• Neutral Sentiment: Commentary suggesting investors are debating Broadcom’s long-term AI-chip appeal versus Nvidia reflects continued interest in AVGO, but it does not materially change the near-term earnings catalyst. Nvidia vs. Broadcom: Which Is the Better Long-Term AI Chip Bet?
• Neutral Sentiment: Broadcom’s new broadband and Wi-Fi 8 AI-edge product announcements add to its technology story, though the market appears more focused right now on upcoming earnings and AI data-center demand. Broadcom Connects the AI Edge with Comprehensive Multi-Gig Broadband and Wi-Fi 8 Innovations
• Negative Sentiment: Some analysts cautioned that Broadcom’s valuation is rich heading into earnings, with margins potentially pressured by lower-margin custom AI chips, creating risk if results or guidance disappoint. AVGO Set to Report Q2 Earnings: Buy, Sell or Hold Broadcom Stock?
• Negative Sentiment: A bearish hedge-fund disclosure about Broadcom adds a note of caution, though it appears secondary to the stronger bullish earnings and AI narrative. Broadcom Inc. (AVGO): Leopold Aschenbrenner Reveals Bearish Bet

Hedge Funds Weigh In On Broadcom

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its stake in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock worth $1,854,000 after purchasing an additional 756 shares during the period. United Bank boosted its holdings in shares of Broadcom by 76.5% in the 1st quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock worth $392,000 after buying an additional 1,014 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Broadcom by 10.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after buying an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC grew its position in Broadcom by 10.5% during the second quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance

The company has a market cap of $2.28 trillion, a PE ratio of 94.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41. The company’s 50 day moving average price is $386.31 and its 200-day moving average price is $359.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities research analysts anticipate that Broadcom Inc. will post 9.91 earnings per share for the current fiscal year.

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.