Analysts Set Broadcom Inc. (NASDAQ:AVGO) Target Price at $356.48

Key Points

• Broadcom Inc. has received an average recommendation of "Buy" from analysts, with 29 out of 33 ratings firms providing buy ratings and an average price target of $356.48.
• The company's latest quarterly earnings exceeded expectations, reporting $1.69 EPS and revenues of $15.95 billion, demonstrating a 22% year-over-year growth.
• Broadcom recently announced a quarterly dividend of $0.59 per share, reflecting an annualized payout of $2.36 and a yield of 0.7%.

Broadcom Inc. (NASDAQ:AVGO - Get Free Report) has earned a consensus recommendation of "Buy" from the thirty-three ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $356.4815.

A number of equities analysts recently commented on AVGO shares. KeyCorp lifted their target price on shares of Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Redburn Atlantic started coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price on the stock. Morgan Stanley boosted their price objective on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Wells Fargo & Company lifted their price objective on Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research report on Friday, September 5th. Finally, Susquehanna raised their price target on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research note on Friday, June 6th.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the sale, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This trade represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Broadcom

Several hedge funds and other institutional investors have recently modified their holdings of AVGO. Watts Gwilliam & Co. LLC grew its stake in shares of Broadcom by 1.2% during the second quarter. Watts Gwilliam & Co. LLC now owns 9,735 shares of the semiconductor manufacturer's stock worth $2,683,000 after acquiring an additional 117 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in Broadcom by 9.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 66,268 shares of the semiconductor manufacturer's stock worth $18,487,000 after buying an additional 5,573 shares during the period. WT Wealth Management purchased a new position in Broadcom in the second quarter valued at approximately $325,000. Cambridge Financial Group LLC grew its position in Broadcom by 5.3% in the 2nd quarter. Cambridge Financial Group LLC now owns 1,801 shares of the semiconductor manufacturer's stock valued at $497,000 after buying an additional 90 shares during the last quarter. Finally, NWF Advisory Services Inc. boosted its holdings in Broadcom by 194.1% during the second quarter. NWF Advisory Services Inc. now owns 5,970 shares of the semiconductor manufacturer's stock worth $1,646,000 after buying an additional 3,940 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

Shares of Broadcom stock traded down $0.41 during trading on Friday, reaching $344.94. 41,147,297 shares of the company's stock were exchanged, compared to its average volume of 27,762,164. Broadcom has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm's 50-day moving average price is $308.05 and its 200 day moving average price is $247.72. The company has a market cap of $1.63 trillion, a P/E ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom's revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Broadcom will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

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.