Broadcom Inc. (NASDAQ:AVGO) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Broadcom Inc. has received an average recommendation of "Buy" from 30 research firms, with 26 buy ratings and three strong buy ratings, and a 12-month target price averaging about $298.67.
• Insider sales have occurred recently, with notable transactions including Director Justine Page selling 800 shares and Director Henry Samueli selling nearly 474,000 shares, leading to a decrease in their respective holdings.
• Institutional investors control 76.43% of Broadcom's stock, highlighting significant confidence from large financial entities in the semiconductor manufacturer's performance.

Shares of Broadcom Inc. (NASDAQ:AVGO - Get Free Report) have earned an average recommendation of "Buy" from the thirty research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $298.6667.

AVGO has been the topic of several recent research reports. Piper Sandler increased their price target on shares of Broadcom from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday. Citigroup lifted their price target on shares of Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a report on Monday, July 7th. Susquehanna lifted their price target on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a report on Friday, June 6th. Benchmark lifted their price objective on shares of Broadcom from $255.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Finally, Truist Financial set a $295.00 price target on shares of Broadcom and gave the stock a "buy" rating in a research note on Friday, June 6th.

Insiders Place Their Bets

In related news, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company's stock, valued at $7,312,013.72. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the transaction, the director owned 38,188,575 shares in the company, valued at $10,132,574,604.75. The trade was a 1.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Broadcom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock worth $6,882,000 after buying an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG raised its stake in Broadcom by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock worth $51,283,000 after purchasing an additional 31,225 shares during the period. Renaissance Technologies LLC purchased a new position in Broadcom during the fourth quarter worth about $602,000. Finally, Berger Financial Group Inc raised its stake in Broadcom by 0.7% during the fourth quarter. Berger Financial Group Inc now owns 10,212 shares of the semiconductor manufacturer's stock worth $2,368,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 1.5%

NASDAQ:AVGO opened at $294.00 on Monday. Broadcom has a 52 week low of $134.90 and a 52 week high of $317.35. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company's 50 day moving average price is $282.85 and its 200-day moving average price is $232.34. The stock has a market cap of $1.38 trillion, a price-to-earnings ratio of 110.11, a PEG ratio of 2.09 and a beta of 1.15.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion for the quarter, compared to analysts' expectations of $14.98 billion. During the same quarter last year, the company posted $10.96 earnings per share. The firm's quarterly revenue was up 20.2% on a year-over-year basis. Broadcom has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were issued a $0.59 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.36 annualized dividend and a dividend yield of 0.8%. Broadcom's payout ratio is currently 88.39%.

About Broadcom

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.

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