Broadcom (NASDAQ:AVGO) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Broadcom (NASDAQ:AVGO) released its quarterly earnings data on Wednesday. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10, FiscalAI reports. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded down $2.44 during midday trading on Wednesday, hitting $367.24. 27,464,991 shares of the company’s stock were exchanged, compared to its average volume of 24,825,543. Broadcom has a twelve month low of $289.96 and a twelve month high of $495.00. The firm has a market cap of $1.75 trillion, a P/E ratio of 61.21, a PEG ratio of 0.71 and a beta of 1.44. The stock’s 50 day moving average price is $384.43 and its 200-day moving average price is $376.88. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01.

Insiders Place Their Bets

In other news, Director Gayla J. Delly sold 1,890 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares of the company’s stock, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider directly owned 194,989 shares in the company, valued at $78,254,935.37. This trade represents a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last quarter. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Broadcom

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ROSS JOHNSON & Associates LLC increased its stake in Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 66 shares during the period. SWAN Capital LLC lifted its stake in shares of Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Broadcom in the 4th quarter worth approximately $55,000. FSA Wealth Management LLC boosted its holdings in shares of Broadcom by 130.7% in the third quarter. FSA Wealth Management LLC now owns 233 shares of the semiconductor manufacturer’s stock valued at $77,000 after acquiring an additional 132 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of Broadcom in the fourth quarter valued at approximately $82,000. Institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $525.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Susquehanna restated a “positive” rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Zacks Research downgraded Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their target price on Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Wells Fargo & Company reiterated 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. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $491.97.

Trending Headlines about Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom’s AI opportunity remains the central bullish argument. Analysts expect strong demand for custom AI accelerators, networking chips and related infrastructure, while global AI infrastructure spending could reach $1.4 trillion annually by 2030. AI Infrastructure Spending Article
• Positive Sentiment: Profit growth has significantly outpaced sales growth: recent coverage highlighted a 127% increase in trailing-12-month net income versus 32% revenue growth, supported by disciplined operating-expense growth. Broadcom Profit Growth Article
• Positive Sentiment: Morgan Stanley maintained an Overweight rating ahead of the report, while broader analyst coverage remains supportive. Broadcom’s VMware AI and hybrid-cloud initiatives, including VCF 9.1, could provide an additional software-growth driver. Morgan Stanley Rating Article
• Neutral Sentiment: Broadcom is expected to report approximately $3.24 in quarterly earnings per share. Because results arrive after the closing bell, trading is being driven largely by positioning and expectations rather than confirmed quarterly results. Analyst Expectations Article
• Neutral Sentiment: Options markets imply roughly a 7% post-earnings move, with trading interest centered near $340–$343 on the downside and $400 on the upside. This signals unusually high volatility risk rather than a clear directional outlook. Broadcom Options Article
• Negative Sentiment: Broadcom’s valuation leaves little room for disappointment. Investors want evidence that AI growth, margins and forward guidance can meet elevated expectations, particularly after Nvidia’s strong results increased the pressure to deliver. Broadcom Earnings Preview Article
• Negative Sentiment: Higher bond yields have weighed on richly valued semiconductor stocks, while competition from Marvell and enterprise-cloud rivals highlights risks from hyperscaler concentration and changing customer plans. Broadcom AI Risks Article

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.