Broadcom (NASDAQ:AVGO) Price Target Raised to $475.00

Broadcom (NASDAQ:AVGO) had its price target hoisted by research analysts at Citigroup from $458.00 to $475.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor manufacturer’s stock. Citigroup’s target price would suggest a potential upside of 45.40% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Zacks Research raised Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. Bank of America lowered their price objective on shares of Broadcom from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada decreased their price objective on Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a report on Monday. Finally, UBS Group set a $475.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $434.20.

Broadcom Price Performance

Shares of AVGO traded up $9.15 during mid-day trading on Thursday, reaching $326.68. 41,205,402 shares of the company’s stock were exchanged, compared to its average volume of 25,636,475. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.76. Broadcom has a 52-week low of $138.10 and a 52-week high of $414.61. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 68.63, a PEG ratio of 1.00 and a beta of 1.22. The company has a 50-day simple moving average of $334.52 and a two-hundred day simple moving average of $342.68.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.02. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, sell-side analysts predict that Broadcom will post 5.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $326.02, for a total transaction of $42,382,600.00. Following the sale, the chief executive officer owned 595,638 shares of the company’s stock, valued at approximately $194,189,900.76. This trade represents a 17.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry Samueli sold 320,316 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $400.53, for a total transaction of $128,296,167.48. Following the completion of the sale, the director directly owned 37,326,540 shares in the company, valued at $14,950,399,066.20. This trade represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 779,101 shares of company stock worth $283,804,325. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Broadcom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC grew its stake in Broadcom by 1,320.0% in the fourth 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 grew its holdings in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter valued at about $27,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $28,000. Finally, New England Capital Financial Advisors LLC bought a new position in Broadcom during the 2nd quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and powerful AI growth — Broadcom reported $19.31B revenue (+29.5% YoY) and $2.05 adjusted EPS, with AI semiconductor revenue up ~106%; management guided Q2 revenue well above Street estimates, boosting confidence in near-term demand. Broadcom Q1 Earnings Beat
• Positive Sentiment: Management sees massive AI TAM — CEO Hock Tan told investors Broadcom expects AI chip revenue “significantly in excess of $100 billion” in 2027, a statement that reinforces expectations for sustained multi-year AI-driven revenue expansion. Reuters: Broadcom touts $100B AI chip sales
• Positive Sentiment: Capital return and cash generation — Broadcom authorized a new $10B share repurchase program and reiterated a $0.65 quarterly dividend, signaling strong free cash flow and shareholder-friendly capital allocation. PR Newswire: Broadcom announces results and buyback
• Positive Sentiment: Product roadmap: advanced custom silicon shipping — Broadcom has begun shipping a 2nm 3.5D face-to-face compute SoC on its XDSiP platform, strengthening its position supplying custom AI accelerators (XPUs) to hyperscalers. Yahoo Finance: Broadcom ships 3.5D SoC
• Neutral Sentiment: Analyst reactions are largely bullish but mixed on magnitude — several firms raised targets (e.g., Truist to $545, Rosenblatt to $500, Benchmark reaffirmed), while others trimmed targets; the net effect reinforces buy-side interest but leaves valuation debates active. Benzinga: Analyst moves on Broadcom
• Neutral Sentiment: Sector flow and ETFs — Broadcom’s beat has pushed semiconductor ETFs into focus (SMH/SOXX), so part of the stock move is ETF/sector rotation rather than company-specific buying. Zacks: ETFs to buy as Broadcom jumps
• Negative Sentiment: Software/business mix concerns persist — outlets note Broadcom’s enterprise software (VMware?anchored) is underperforming versus the chip business, which could cap multiple expansion if software growth stays sluggish. WSJ: AI boom, software complications
• Negative Sentiment: Customer/supply friction and optics — commentary from Broadcom management downplaying near-term optical-fiber demand contributed to volatility in related suppliers (e.g., Corning) and highlights potential sensitivity to channel/customer dynamics. Barron’s: Corning falls; Broadcom comments

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.