Broadcom (NASDAQ:AVGO) Director Harry You Buys 1,000 Shares

Broadcom Inc. (NASDAQ:AVGO) Director Harry You bought 1,000 shares of Broadcom stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the completion of the purchase, the director directly owned 38,466 shares in the company, valued at $14,369,743.62. This trade represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Broadcom Stock Performance

Broadcom stock traded up $11.87 during midday trading on Monday, reaching $393.94. 32,321,816 shares of the stock traded hands, compared to its average volume of 26,043,125. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $404.26 and a two-hundred day moving average price of $363.22. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 65.66, a PEG ratio of 0.67 and a beta of 1.41. Broadcom Inc. has a fifty-two week low of $244.17 and a fifty-two week high of $495.00.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion during the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. Broadcom’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. On average, equities research analysts forecast that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. Broadcom’s payout ratio is presently 43.33%.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom is riding a broader semiconductor and AI-chip rally, with chip and memory stocks strong and semiconductor ETFs among the most-traded funds, suggesting continued investor appetite for AI infrastructure exposure. The AI Trade Starts Holiday-Shortened Week Strong as Chip and Memory Stocks Surge
• Positive Sentiment: Wall Street Zen upgraded Broadcom to Strong-Buy, adding to the bullish case around the company’s AI growth story. Wall Street Zen Upgrades Broadcom (NASDAQ:AVGO) to Strong-Buy
• Positive Sentiment: Several recent articles highlight Broadcom as a top AI infrastructure play, pointing to its record AI revenue, strong free cash flow, and the new AI XPV platform with Apollo and Blackstone as a major catalyst. Broadcom (AVGO): AI XPV Platform Sharpens Its Role in Custom Compute and Networking Infrastructure
• Positive Sentiment: Analyst and commentary pieces argue Broadcom remains undervalued relative to its AI ramp, with some projecting substantial upside if AI demand continues at its current pace. Prediction: Can Broadcom Shares Hit $550 in 2027?
• Neutral Sentiment: One Zacks comparison article said Lumentum currently looks better positioned than Broadcom on near-term AI optical networking momentum, which is more of a relative-ranking comment than a direct negative for AVGO. LITE vs. AVGO: Which AI Infrastructure Stock Is the Better Pick Now?
• Negative Sentiment: Recent coverage noted Broadcom fell after its record Q2 results because investors focused on cautious near-term AI guidance, showing the market is still sensitive to forward expectations. Broadcom (AVGO) Stock After Record Q2 And Cautious AI Guidance Is The Valuation Gap Widening Or Closing

Institutional Trading of Broadcom

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 3,919,715 shares in the last quarter. State Street Corp raised its holdings in shares of 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 purchasing an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Broadcom by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Broadcom by 3.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Broadcom in the 4th quarter worth approximately $24,252,196,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of analyst reports. UBS Group set a $485.00 target price on shares of Broadcom and gave the company a “buy” rating in a research note on Thursday, June 4th. Benchmark boosted their target price on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Seaport Research Partners reissued a “neutral” rating on shares of Broadcom in a research note on Wednesday, April 8th. Royal Bank Of Canada upped their price target on shares of Broadcom from $360.00 to $400.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group set a $550.00 price target on shares of Broadcom and gave the stock a “buy” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.13.

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.