Broadcom (AVGO) Expected to Announce Earnings on Thursday

Broadcom (NASDAQ:AVGO - Get Free Report) is expected to release its Q2 2025 earnings data after the market closes on Thursday, June 5th. Analysts expect Broadcom to post earnings of $1.57 per share and revenue of $14.98 billion for the quarter.

Broadcom Stock Performance

AVGO traded down $2.47 during mid-day trading on Friday, reaching $239.50. 27,045,094 shares of the company traded hands, compared to its average volume of 30,873,614. The stock has a market capitalization of $1.13 trillion, a P/E ratio of 195.35, a P/E/G ratio of 2.29 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The company's fifty day moving average price is $195.38 and its 200-day moving average price is $203.66. Broadcom has a 52-week low of $128.50 and a 52-week high of $251.88.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $2.36 dividend on an annualized basis and a yield of 0.99%. Broadcom's dividend payout ratio is presently 113.46%.

Broadcom announced that its Board of Directors has authorized a share repurchase plan on Monday, April 7th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 30,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $194.65, for a total value of $5,839,500.00. Following the completion of the transaction, the insider now owns 490,956 shares of the company's stock, valued at approximately $95,564,585.40. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Samueli sold 663,976 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total transaction of $120,578,041.60. Following the completion of the transaction, the director now directly owns 38,798,721 shares of the company's stock, valued at approximately $7,045,847,733.60. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 720,576 shares of company stock valued at $131,249,694 in the last 90 days. Insiders own 2.00% of the company's stock.

Institutional Trading of Broadcom

An institutional investor recently raised its position in Broadcom stock. Brighton Jones LLC raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,683 shares of the semiconductor manufacturer's stock after purchasing an additional 5,322 shares during the quarter. Brighton Jones LLC's holdings in Broadcom were worth $6,882,000 as of its most recent SEC filing. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVGO. Oppenheimer boosted their target price on shares of Broadcom from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday. Susquehanna boosted their price objective on shares of Broadcom from $250.00 to $280.00 and gave the company a "positive" rating in a research report on Thursday. Mizuho boosted their price objective on shares of Broadcom from $250.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday. Redburn Atlantic began coverage on shares of Broadcom in a research report on Wednesday. They set a "buy" rating and a $301.00 price objective for the company. Finally, Truist Financial boosted their price objective on shares of Broadcom from $260.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.77.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.