Broadcom (NASDAQ:AVGO) Given New $345.00 Price Target at UBS Group

Key Points

• UBS Group has increased its price target for Broadcom's stock from $290.00 to $345.00, indicating a potential upside of 17.35% from its previous close.
• Analysts have generally rated Broadcom positively, with an average rating of "Buy" and target prices from various firms ranging from $295.00 to $345.00.
• Broadcom recently reported a revenue increase of 20.2% year-over-year, alongside quarterly earnings of $1.58 per share, slightly above analysts’ expectations.

Broadcom (NASDAQ:AVGO - Get Free Report) had its price objective upped by equities researchers at UBS Group from $290.00 to $345.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor manufacturer's stock. UBS Group's target price indicates a potential upside of 17.35% from the company's previous close.

AVGO has been the topic of a number of other reports. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Truist Financial set a $295.00 target price on Broadcom and gave the company a "buy" rating in a report on Friday, June 6th. JPMorgan Chase & Co. increased their target price on Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Cowen reissued a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Finally, Citigroup increased their target price on Broadcom from $285.00 to $315.00 and gave the company a "buy" rating in a report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Broadcom currently has an average rating of "Buy" and an average target price of $300.96.

Broadcom Trading Up 1.5%

Shares of NASDAQ:AVGO opened at $294.00 on Monday. The company has a market cap of $1.38 trillion, a P/E ratio of 110.11, a PEG ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.08 and a quick ratio of 0.98. Broadcom has a 1 year low of $134.90 and a 1 year high of $317.35. The stock's fifty day moving average price is $282.85 and its 200-day moving average price is $232.34.

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

Insider Activity

In related news, Director Gayla J. Delly sold 3,000 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the sale, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 in the last three months. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Broadcom

Several institutional investors have recently made changes to their positions in AVGO. Vanguard Group Inc. grew its holdings in Broadcom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock valued at $133,261,046,000 after buying an additional 6,222,802 shares in the last quarter. State Street Corp grew its holdings in Broadcom by 0.5% during the 2nd quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer's stock valued at $51,071,601,000 after buying an additional 873,963 shares in the last quarter. Geode Capital Management LLC grew its holdings in Broadcom by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer's stock valued at $29,827,649,000 after buying an additional 2,226,585 shares in the last quarter. Norges Bank purchased a new position in Broadcom during the 2nd quarter valued at approximately $18,579,549,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after buying an additional 17,985,046 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

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.

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