Broadcom (NASDAQ:AVGO) Price Target Raised to $315.00 at Piper Sandler

Key Points

• Piper Sandler raised Broadcom's price target from $300.00 to $315.00, indicating an upside potential of 8.56% based on the stock's previous close.
• Broadcom reported a quarterly earnings per share (EPS) of $1.58, exceeding the consensus estimate, with revenue of $15 billion, marking a 20.2% increase year-over-year.
• Currently, Broadcom holds a consensus rating of "Buy" from analysts, with 76.43% of the stock owned by institutional investors and hedge funds.

Broadcom (NASDAQ:AVGO - Get Free Report) had its target price raised by Piper Sandler from $300.00 to $315.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor manufacturer's stock. Piper Sandler's target price suggests a potential upside of 8.56% from the stock's previous close.

AVGO has been the subject of a number of other research reports. Evercore ISI reissued an "outperform" rating and issued a $304.00 price objective (up previously from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Oppenheimer increased their price objective on shares of Broadcom from $265.00 to $305.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Bank of America increased their price objective on shares of Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, Susquehanna raised 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $298.67.

Broadcom Stock Up 0.2%

Shares of NASDAQ AVGO opened at $290.1590 on Friday. Broadcom has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a market capitalization of $1.36 trillion, a PE ratio of 108.35, a price-to-earnings-growth ratio of 2.07 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. The firm's 50-day moving average is $281.94 and its two-hundred day moving average is $231.84.

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 the consensus estimate of $1.57 by $0.01. The company had revenue of $15 billion for the quarter, compared to the consensus estimate of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Broadcom will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the sale, the insider owned 789,784 shares of the company's stock, valued at approximately $199,720,577.92. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 830,516 shares of company stock valued at $217,286,457. Company insiders own 2.00% of the company's stock.

Institutional Trading of Broadcom

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position 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 valued at $6,882,000 after purchasing an additional 5,322 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after purchasing an additional 756 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after purchasing an additional 31,225 shares during the period. Renaissance Technologies LLC bought a new position in shares of Broadcom in the fourth quarter valued at approximately $602,000. Finally, Stonebridge Capital Advisors LLC increased its position in Broadcom by 4.8% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 2,525 shares of the semiconductor manufacturer's stock worth $585,000 after acquiring an additional 115 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

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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