Cantor Fitzgerald Forecasts Broadcom FY2026 Earnings

Broadcom Inc. (NASDAQ:AVGO) – Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Broadcom in a note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst C. Muse anticipates that the semiconductor manufacturer will post earnings per share of $6.96 for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $300.00 target price on the stock. The consensus estimate for Broadcom’s current full-year earnings is $5.38 per share.

A number of other brokerages have also weighed in on AVGO. Morgan Stanley upped their target price on shares of Broadcom from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday. Rosenblatt Securities upped their price objective on Broadcom from $223.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Cowen reissued a “buy” rating on shares of Broadcom in a research report on Friday. Redburn Atlantic initiated coverage on Broadcom in a research note on Wednesday, May 28th. They issued a “buy” rating and a $301.00 target price on the stock. Finally, Truist Financial set a $295.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.71.

Broadcom Stock Down 1.1%

Shares of AVGO stock opened at $244.28 on Tuesday. Broadcom has a 12-month low of $128.50 and a 12-month high of $265.43. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average of $205.17 and a 200-day moving average of $207.37. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 199.25, a P/E/G ratio of 2.29 and a beta of 1.11.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The business had revenue of $15 billion during the quarter, compared to analysts’ expectations of $14.98 billion. During the same period in the prior year, the business earned $10.96 EPS. Broadcom’s revenue for the quarter was up 20.2% compared to the same quarter last year.

Broadcom announced that its board has authorized a share repurchase plan on Monday, April 7th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.36 annualized dividend and a yield of 0.97%. Broadcom’s dividend payout ratio (DPR) is presently 88.39%.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 663,976 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total value of $120,578,041.60. Following the sale, the director now owns 38,798,721 shares of the company’s stock, valued at $7,045,847,733.60. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $194.65, for a total transaction of $5,839,500.00. Following the sale, the insider now directly owns 490,956 shares of the company’s stock, valued at $95,564,585.40. This represents a 5.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 720,576 shares of company stock worth $131,249,694 in the last ninety days. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Broadcom

A number of hedge funds have recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the 1st quarter valued at $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at $25,000. Canton Hathaway LLC bought a new position in shares of Broadcom in the fourth quarter worth approximately $26,000. Rialto Wealth Management LLC purchased a new stake in Broadcom during the fourth quarter valued at about $26,000. Finally, Inlight Wealth Management LLC bought a new position in Broadcom during the first quarter valued at approximately $26,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.