Broadcom Inc. (NASDAQ:AVGO – Get Free Report) shares traded up 1.4% during trading on Tuesday . The stock traded as high as $379.62 and last traded at $377.75. Approximately 26,964,982 shares changed hands during trading, an increase of 2% from the average daily volume of 26,497,613 shares. The stock had previously closed at $372.45.
Broadcom News Roundup
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Several articles highlighted Broadcom’s role in the AI infrastructure boom, including strong demand for custom AI chips and its OpenAI-related accelerator work, reinforcing the long-term growth story. UBS Reaffirms Buy Rating on Broadcom (AVGO) Amid AI ASIC Demand and OpenAI, Anthropic Growth
- Positive Sentiment: Wall Street analysts remain constructive, with firms such as UBS, Jefferies, JPMorgan, Goldman Sachs and Morgan Stanley reiterating bullish ratings and high price targets, suggesting they see meaningful upside from current levels. JPMorgan Stands by Sky-High Broadcom Target as Shares Slide
- Positive Sentiment: Commentary across multiple articles framed Broadcom as one of the key beneficiaries of 2026’s AI semiconductor spending wave, which keeps investors interested in the stock on pullbacks. Broadcom vs Nvidia: The $100B AI Race and One Winner
Analyst Ratings Changes
Several brokerages have weighed in on AVGO. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. Benchmark upped their price objective on shares of Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Citigroup reiterated a “buy” rating on shares of Broadcom in a report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Broadcom from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average target price of $493.24.
Broadcom Price Performance
The company has a market cap of $1.71 trillion, a PE ratio of 60.05, a price-to-earnings-growth ratio of 0.66 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $410.00 and a 200-day simple moving average of $362.34.
Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 47.9% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.
Broadcom Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd. Broadcom’s dividend payout ratio (DPR) is 43.33%.
Insiders Place Their Bets
In other news, insider Mark David Brazeal sold 4,825 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $394.91, for a total transaction of $1,905,440.75. Following the transaction, the insider directly owned 269,989 shares of the company’s stock, valued at approximately $106,621,355.99. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harry L. You acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 60,987 shares of company stock valued at $21,899,980. 1.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Broadcom
Several institutional investors have recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC increased its stake in Broadcom by 1,320.0% during 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 in the last quarter. SWAN Capital LLC lifted its stake 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 lifted its stake 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. Miller Global Investments LLC purchased a new stake in shares of Broadcom during the fourth quarter valued at $31,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Broadcom in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 76.43% of the company’s stock.
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.
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