Broadcom (NASDAQ:AVGO) Sets New 1-Year High – Still a Buy?

Broadcom Inc. (NASDAQ:AVGO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $415.05 and last traded at $416.7160, with a volume of 7187525 shares changing hands. The stock had previously closed at $402.17.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom and Google Cloud launched a joint network observability solution (Cloud Network Insights) aimed at multi‑cloud, hybrid and SaaS environments — a move that supports Broadcom’s infrastructure software revenue growth and recurring-software positioning. Article Title
• Positive Sentiment: Market reports tie Broadcom’s afternoon upside to its expanded collaboration with Google Cloud, confirming the partnership drove near-term buying interest. Article Title
• Positive Sentiment: Broadcom announced a multi‑year AI infrastructure partnership with Meta, expanding its large‑customer footprint in AI datacenter stack opportunities — supportive for long‑term software and silicon demand. Article Title
• Positive Sentiment: Broadcom extended its AI reach by integrating with VMware’s Tanzu platform and releasing a secure runtime for Autonomous AI, reinforcing enterprise AI service offerings and potential recurring revenue expansion. Article Title
• Positive Sentiment: Sector momentum is strong — the Philadelphia Semiconductor Index (SOXX) notched a record 17‑day win streak, providing a favorable backdrop that often lifts large-cap chip names like Broadcom. Article Title
• Positive Sentiment: Analyst coverage highlights AVGO among the few names driving explosive earnings growth in 2026, reinforcing fundamental upside expectations as estimates rise. Article Title
• Positive Sentiment: Technically bullish signal: AVGO recently formed a “golden cross” (50‑day SMA crossing above 200‑day SMA), which can attract momentum/technical buyers. Article Title
• Neutral Sentiment: Multiple outlets list AVGO among top semiconductor/AI picks and “safe play” ideas for investors, which may support longer‑term interest but doesn’t guarantee near‑term moves. Article Title Article Title

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Wells Fargo & Company raised Broadcom from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $410.00 to $430.00 in a research note on Thursday, January 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Broadcom in a report on Friday, April 10th. Mizuho reiterated an “outperform” rating and issued a $480.00 target price on shares of Broadcom in a report on Thursday, April 16th. Finally, Truist Financial increased their price target on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Trading Up 0.6%

The stock has a market capitalization of $2.00 trillion, a P/E ratio of 82.49, a P/E/G ratio of 0.87 and a beta of 1.24. The stock’s 50 day moving average price is $339.09 and its 200-day moving average price is $347.19. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. As a group, equities research analysts expect that Broadcom Inc. will post 9.95 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. Broadcom’s payout ratio is presently 50.78%.

Insider Activity

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $358.31, for a total value of $358,310.00. Following the completion of the transaction, the director directly owned 32,352 shares in the company, valued at approximately $11,592,045.12. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Justine Page sold 2,018 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $353.00, for a total transaction of $712,354.00. Following the sale, the director directly owned 18,164 shares of the company’s stock, valued at approximately $6,411,892. The trade was a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 324,282 shares of company stock worth $106,425,249 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. ROSS JOHNSON & Associates LLC grew 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 worth $25,000 after buying an additional 66 shares during the last quarter. Networth Advisors LLC raised its stake in Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. SWAN Capital LLC boosted its holdings in Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. JCIC Asset Management Inc. acquired a new stake in Broadcom in the third quarter worth about $31,000. Finally, Miller Global Investments LLC purchased a new stake in shares of Broadcom during the fourth quarter worth about $31,000. Institutional investors own 76.43% of the company’s stock.

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.