Broadcom (NASDAQ:AVGO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Broadcom (NASDAQ:AVGO) had its price target boosted by investment analysts at Morgan Stanley from $470.00 to $485.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s target price points to a potential upside of 8.56% from the stock’s previous close.

Several other brokerages also recently weighed in on AVGO. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $475.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Wells Fargo & Company reissued an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Truist Financial increased their target price on shares of Broadcom from $510.00 to $545.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Susquehanna reissued a “positive” rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday. Finally, TD Cowen reissued a “buy” rating and issued a $500.00 target price (up from $405.00) on shares of Broadcom in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average price target of $455.07.

Broadcom Price Performance

Broadcom stock opened at $446.77 on Monday. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 87.26, a PEG ratio of 0.92 and a beta of 1.41. The firm’s fifty day moving average is $383.52 and its 200 day moving average is $358.56. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. Broadcom has a 52-week low of $234.90 and a 52-week high of $448.90.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The company 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 earned $1.60 earnings per share. Broadcom’s revenue was up 29.5% on a year-over-year basis. Sell-side analysts forecast that Broadcom will post 9.91 EPS for the current fiscal year.

Insider Activity at Broadcom

In other news, insider S. Ram Velaga sold 38,841 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares in the company, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 39,116 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total transaction of $12,580,096.76. Following the completion of the transaction, the insider owned 74,626 shares in the company, valued at approximately $24,000,467.86. The trade was a 34.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 324,282 shares of company stock valued at $106,425,249. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Broadcom

A number of hedge funds have recently added to or reduced their stakes in the business. Fullerton Advisors LLC lifted its stake in Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after acquiring an additional 25 shares during the period. NORTHSTAR ASSET MANAGEMENT Co lifted its stake in Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock worth $1,656,000 after acquiring an additional 25 shares during the period. RFG Holdings Inc. lifted its stake in Broadcom by 0.3% in the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock worth $2,631,000 after acquiring an additional 26 shares during the period. Yukon Wealth Management Inc. lifted its stake in Broadcom by 1.1% in the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock worth $774,000 after acquiring an additional 26 shares during the period. Finally, Capital Planning LLC lifted its stake in Broadcom by 0.7% in the first quarter. Capital Planning LLC now owns 4,044 shares of the semiconductor manufacturer’s stock worth $1,252,000 after acquiring an additional 28 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Analysts at Susquehanna are reportedly upbeat on Broadcom ahead of Q2 results, reinforcing optimism around the company’s AI and semiconductor demand story. Broadcom sees bullish views at Susquehanna ahead of Q2 results
• Positive Sentiment: Traders expect a sizable earnings-related move in Broadcom shares, suggesting elevated interest and a setup for an upside breakout if the company beats expectations. Broadcom Reports Earnings Wednesday. Here’s How Much Traders Expect the Stock to Move
• Positive Sentiment: Broadcom was highlighted as one of the better dividend-paying stocks to own, which may support investor confidence in the name. Broadcom (AVGO) – Among the 15 Best Dividend Paying Stocks to Buy Right Now
• Positive Sentiment: Coverage also noted Broadcom’s launch of a broadband chip with AI capabilities, underscoring its continued exposure to AI-related growth themes. Broadcom Inc (AVGO) Launches Broadband Chip With AI Capabilities
• Neutral Sentiment: Broadcom remains a closely watched large-cap chip stock this week, with broader market attention building ahead of earnings and key economic data. Jobs, Broadcom, CrowdStrike, Planet Labs, Macy’s, and More to Watch This Week
• Negative Sentiment: A reported bearish bet from investor Leopold Aschenbrenner introduces some caution, though it appears less prominent than the bullish earnings setup. Broadcom Inc. (AVGO): Leopold Aschenbrenner Reveals Bearish Bet

About Broadcom

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.