Broadcom (NASDAQ:AVGO) Raised to “Strong-Buy” at Piper Sandler

Broadcom (NASDAQ:AVGO) was upgraded by equities researchers at Piper Sandler to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

Several other analysts have also issued reports on AVGO. TD Cowen reiterated a “buy” rating and issued a $475.00 target price (down from $500.00) on shares of Broadcom in a research report on Thursday, September 3rd. Citigroup restated a “buy” rating and set a $515.00 price target (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th. Cantor Fitzgerald raised their price target on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Rosenblatt Securities assumed coverage on Broadcom in a research note on Thursday, September 3rd. They set a “buy” rating and a $600.00 price objective for the company. Finally, KeyCorp reissued an “overweight” rating and set a $575.00 target price on shares of Broadcom in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $505.97.

Broadcom Trading Down 1.0%

Shares of NASDAQ:AVGO opened at $360.83 on Wednesday. Broadcom has a 1 year low of $289.96 and a 1 year high of $495.00. The firm has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 46.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The business’s 50 day moving average price is $383.00 and its 200-day moving average price is $378.43.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The firm had revenue of $29.59 billion for 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%. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.69 EPS. On average, equities research analysts forecast that Broadcom will post 10.36 earnings per share for the current fiscal year.

Insider Transactions at Broadcom

In related news, Director Justine Page sold 1,602 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the transaction, the director directly owned 17,426 shares in the company, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gayla Delly sold 1,890 shares of the company’s stock in a transaction dated 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 directly owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,644 shares of company stock valued at $24,016,214. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $24,252,196,000. Legal & General Group Plc acquired a new position in Broadcom during the second quarter worth $11,998,148,000. Bank of New York Mellon Corp acquired a new position in Broadcom during the second quarter worth $10,528,191,000. Jupiter Topco LLC purchased a new stake in Broadcom in the 2nd quarter valued at $7,396,271,000. Finally, Deutsche Bank AG purchased a new stake in Broadcom in the 2nd quarter valued at $5,661,216,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

About Broadcom

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.