Broadcom (NASDAQ:AVGO) Rating Increased to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of Broadcom (NASDAQ:AVGO) to a strong-buy rating in a research report report published on Wednesday,Zacks reports.

A number of other research firms have also weighed in on AVGO. Morgan Stanley restated an “overweight” rating and set a $505.00 target price (up from $502.00) on shares of Broadcom in a research note on Thursday, September 3rd. Weiss Ratings downgraded Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Truist Financial decreased their price target on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Benchmark increased their price objective on Broadcom from $485.00 to $545.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Bank of America lifted their target price on shares of Broadcom from $450.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $505.97.

Broadcom Trading Down 1.0%

Shares of NASDAQ AVGO opened at $360.83 on Wednesday. The stock has a market capitalization of $1.72 trillion, a PE ratio of 46.08 and a beta of 1.44. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $383.00 and a 200-day simple moving average of $378.43. Broadcom has a twelve month low of $289.96 and a twelve month high of $495.00.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The business had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The business’s quarterly revenue was up 85.5% on a year-over-year basis. On average, equities analysts forecast that Broadcom will post 10.36 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio is currently 33.21%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gayla Delly sold 1,890 shares of Broadcom stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the sale, 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.

Institutional Trading of Broadcom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVGO. ABS Direct Equity Fund LLC grew its holdings in Broadcom by 170.0% in the second quarter. ABS Direct Equity Fund LLC now owns 756 shares of the semiconductor manufacturer’s stock valued at $286,000 after purchasing an additional 476 shares during the period. Bouchey Financial Group Ltd. increased its holdings in Broadcom by 15.8% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 7,216 shares of the semiconductor manufacturer’s stock valued at $2,726,000 after purchasing an additional 985 shares in the last quarter. Miramontes Capital LLC grew its stake in shares of Broadcom by 2.5% in the second quarter. Miramontes Capital LLC now owns 14,231 shares of the semiconductor manufacturer’s stock valued at $5,376,000 after buying an additional 351 shares in the last quarter. Core Capital Management & Research inc. acquired a new stake in Broadcom in the second quarter valued at approximately $31,000. Finally, The Manufacturers Life Insurance Company increased its stake in Broadcom by 32.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,023,467 shares of the semiconductor manufacturer’s stock worth $2,486,114,000 after buying an additional 1,712,701 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported record AI semiconductor revenue of approximately $16.7 billion and projected that the business could generate about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Custom AI accelerators and networking products are benefiting from heavy spending by hyperscalers. Broadcom Q3 2026 earnings call transcript
• Positive Sentiment: OpenAI’s selection of Broadcom for its first custom AI chip reinforces the company’s position as a key supplier to major AI developers. OpenAI’s planned $750 billion of compute infrastructure spending through 2030 could expand the addressable market for Broadcom’s chips and connectivity technology. OpenAI compute spending article
• Positive Sentiment: Several analysts and investment articles continue to argue that Broadcom’s custom-silicon and networking exposure could support substantial long-term earnings growth, with some bullish scenarios implying a share price near $900. Wall Street’s broader outlook remains constructive despite the recent pullback. Wall Street Broadcom price target article
• Neutral Sentiment: Reported short-interest data shows zero shares sold short and a zero-day days-to-cover ratio, offering no meaningful evidence that short sellers are driving the stock’s recent weakness.
• Negative Sentiment: Broadcom’s fiscal fourth-quarter revenue outlook reportedly fell short of Wall Street expectations. That softer near-term forecast led Truist to reduce its price target, highlighting a mismatch between rapidly rising long-term AI projections and nearer-term revenue timing. Truist cuts Broadcom price target
• Negative Sentiment: Investors are also focused on valuation and competitive risks, including potential AI-chip efforts by Google, Samsung, and other suppliers. Rising Treasury yields make high-multiple growth stocks less attractive and increase the market’s demand for continued earnings beats.

Broadcom Company Profile

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.