Broadcom (NASDAQ:AVGO) Upgraded by Royal Bank Of Canada to “Hold” Rating

Broadcom (NASDAQ:AVGO) was upgraded by research analysts at Royal Bank Of Canada to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on AVGO. KeyCorp reiterated an “overweight” rating and issued a $500.00 price objective (up from $460.00) on shares of Broadcom in a research note on Friday, December 12th. Cowen reaffirmed a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft set a $430.00 target price on shares of Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research report on Monday, December 29th. Finally, Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $410.00 to $430.00 in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of “Buy” and a consensus target price of $438.61.

Broadcom Stock Performance

NASDAQ AVGO opened at $343.02 on Wednesday. The stock has a fifty day simple moving average of $358.94 and a 200-day simple moving average of $332.69. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The stock has a market cap of $1.63 trillion, a PE ratio of 72.06, a P/E/G ratio of 1.14 and a beta of 1.21. Broadcom has a twelve month low of $138.10 and a twelve month high of $414.61.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $17.46 billion. Broadcom had a net margin of 36.20% and a return on equity of 37.45%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. Equities analysts anticipate that Broadcom will post 5.38 earnings per share for the current year.

Insider Activity at Broadcom

In other news, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction dated 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 in the company, valued at approximately $194,189,900.76. The trade was a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Henry Samueli sold 320,316 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $400.53, for a total value of $128,296,167.48. Following the completion of the sale, the director directly owned 37,326,540 shares of the company’s stock, valued at $14,950,399,066.20. The trade was a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 779,901 shares of company stock worth $284,069,237. Insiders own 2.00% of the company’s stock.

Institutional Trading of Broadcom

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sawyer & Company Inc raised its stake in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter valued at approximately $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom during the second quarter worth approximately $28,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Broadcom during the second quarter worth $28,000. Finally, LGT Financial Advisors LLC purchased a new position in Broadcom in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and published aggressive multi-year EPS targets (FY2026/FY2027) and a $500 price objective, signalling strong growth expectations for Broadcom tied to AI infrastructure demand. KeyCorp estimates / MarketBeat
• Positive Sentiment: Broadcom benefits from an industry-wide lift after TSMC’s better-than-expected results, which bolstered confidence in semiconductor demand — a tailwind for AVGO given its exposure to AI/custom chip buildouts. TSMC earnings lift (CNBC)
• Positive Sentiment: High-profile buying: Cathie Wood’s ARK added to its Broadcom stake, signalling continued institutional interest in AVGO as an AI play. That can support short-term demand from thematic funds. Cathie Wood buys (The Motley Fool)
• Positive Sentiment: Other bullish analyst actions — Mizuho lifted its price target and several large banks named Broadcom a top pick — reinforcing buy-side conviction about AVGO’s AI and semiconductor positioning. Mizuho raises PT (InsiderMonkey) Top pick coverage (MarketBeat)
• Neutral Sentiment: RBC Capital initiated coverage with a Sector Perform rating — neutral to slightly cautious relative to stronger “Outperform/Overweight” calls; it suggests AVGO is fairly valued in their view. RBC coverage (MSN)
• Neutral Sentiment: Analyst comparisons show Broadcom slightly ahead of Intel for AI infrastructure exposure, supporting narrative but not guaranteeing immediate share gains vs. peers. INTC vs AVGO (Zacks)
• Negative Sentiment: Broadcom announced a $4.5 billion senior notes offering — adds near-term debt supply and could raise concerns about leverage or fund-raising ahead of planned uses, pressuring the stock. Senior notes offering (Globe and Mail)
• Negative Sentiment: Insider selling: reports show ~US$490M of insider sales including a $24M sale by CEO Hock Tan — large insider dispositions often spook investors even if sales are for diversification/liquidity. Insider sales (Yahoo Finance) CEO sale (MSN)
• Negative Sentiment: Regulatory/regional risk: reports say China has banned Broadcom’s cybersecurity products, which could shave revenue in that market and add geopolitical uncertainty. China ban (Yahoo Finance)

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.