Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s share price fell 1.2% on Monday . The company traded as low as $409.53 and last traded at $416.4110. 15,077,935 shares traded hands during trading, a decline of 40% from the average session volume of 25,245,555 shares. The stock had previously closed at $421.28.
Broadcom News Summary
Here are the key news stories impacting Broadcom this week:
- Positive Sentiment: Bernstein’s Stacy Rasgon argues AI “agents” are driving chip demand “off the charts,” implying supply tightness that should support pricing and revenue for major AI silicon suppliers like Broadcom. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts,’ Supply Can’t Keep Up
- Positive Sentiment: Coverage looking at April’s AI-chip winners flags Broadcom as a top performer in the AI cycle, suggesting momentum and investor preference that can keep AVGO bid up as AI spending scales. Broadcom, Qualcomm, or TSMC: Why One AI Chip Stock Won Decisively in April
- Positive Sentiment: Multiple market roundups cite AVGO among top AI beneficiaries as Nasdaq hits records — reinforcing investor interest tied to AI infrastructure demand. AI Enthusiasm Powers Nasdaq to All-Time High: 3 Stocks to Grab
- Positive Sentiment: Zacks and MarketBeat pieces link Big Tech customers (Google, Meta) and Google’s reported $190B AI buildout to stronger demand for Broadcom’s chips and infrastructure software — favorable revenue tailwinds if spending persists. 3 Semiconductor Stocks Poised to Gain as Google Eyes $190B AI Buildout
- Positive Sentiment: Product news: Broadcom’s new Wi‑Fi 8 and optimized 10G PON chips expand broadband exposure and diversify growth beyond data-center AI chips, reducing single-market concentration risk. Broadcom’s New Wi-Fi 8 Push Adds Another Leg To Growth Story
- Positive Sentiment: Institutional buying: Manning & Napier recently increased its AVGO stake, a small but positive vote of confidence from an asset manager. Manning & Napier Boosts Broadcom Stake by 22,013 Shares
- Neutral Sentiment: Corporate schedule: Broadcom set its Q2 FY2026 results and conference call for June 3 — a known catalyst date that could swing the stock depending on guidance versus current elevated expectations. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
- Negative Sentiment: Some articles caution that bullish analyst ratings may be overstating near-term upside (average brokerage recommendations can be noisy), implying valuation risk given AVGO’s rich multiples — a reason some investors may be trimming exposure. Wall Street Bulls Look Optimistic About Broadcom Inc. (AVGO): Should You Buy?
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. DA Davidson raised Broadcom to a “hold” rating in a research note on Friday, February 13th. Citigroup raised their price target on Broadcom from $458.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley raised their price target on Broadcom from $462.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, March 6th. Truist Financial raised their price target on Broadcom from $510.00 to $545.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $435.30.
Broadcom Price Performance
The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73. The firm has a market cap of $1.97 trillion, a PE ratio of 81.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The firm has a 50-day simple moving average of $347.36 and a 200 day simple moving average of $349.79.
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.03 by $0.02. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. As a group, equities analysts expect that Broadcom Inc. will post 9.95 EPS for the current year.
Broadcom Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is presently 50.78%.
Insider Buying and Selling at Broadcom
In other news, insider S. Ram Velaga sold 38,841 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the completion of the transaction, the insider owned 96,147 shares of the company’s stock, valued at $30,920,875.20. The trade was a 28.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 36,292 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at approximately $105,407,616. This represents a 9.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 324,282 shares of company stock valued at $106,425,249 over the last ninety days. Company insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Broadcom
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Broadcom by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after buying an additional 3,919,715 shares during the last quarter. State Street Corp raised its position in Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after buying an additional 5,040,801 shares during the last quarter. Geode Capital Management LLC raised its stake in Broadcom by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after buying an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock valued at $29,607,500,000 after buying an additional 2,491,644 shares during the last quarter. Finally, Norges Bank purchased a new stake in Broadcom during the 4th quarter valued at $24,252,196,000. Hedge funds and other 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.
Recommended Stories
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.
