Broadcom (NASDAQ:AVGO) Stock Price Down 2.1% - What's Next?

Key Points

• Shares of Broadcom were down 2.1% intraday to about $346.82, with trading volume roughly 12% above the average session level.
• Analysts remain broadly bullish—the stock has an average rating of "Buy" and an average target of $374.21, with several firms (Deutsche Bank, JPMorgan, UBS) raising targets near $400.
• Fundamentals show an EPS beat ($1.69 vs. $1.66) and revenue of $15.95B (+22% YoY) with strong margins; the company pays a $0.59 quarterly dividend (0.7% yield) while insiders have recently sold significant shares.

Shares of Broadcom Inc. (NASDAQ:AVGO - Get Free Report) traded down 2.1% during trading on Thursday . The company traded as low as $345.18 and last traded at $346.82. 28,402,782 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 25,308,049 shares. The stock had previously closed at $354.42.

Analyst Ratings Changes

A number of brokerages recently weighed in on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Broadcom and gave the company a "buy" rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Oppenheimer reissued an "outperform" rating and set a $360.00 price target (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. UBS Group set a $415.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research report on Tuesday, October 14th. Finally, Arete Research raised Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $374.21.

Broadcom Trading Down 2.1%

The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 88.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The business's fifty day moving average is $348.80 and its 200 day moving average is $298.58. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The company's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Insider Transactions at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,483,192. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Broadcom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arthur M. Cohen & Associates LLC grew its stake in Broadcom by 0.6% in the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock valued at $1,577,000 after purchasing an additional 30 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in shares of Broadcom by 1.4% in the 3rd quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after buying an additional 30 shares during the last quarter. Private Wealth Partners LLC boosted its holdings in shares of Broadcom by 0.7% in the 3rd quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after buying an additional 30 shares during the last quarter. Planning Alternatives Ltd. ADV grew its stake in shares of Broadcom by 1.4% in the third quarter. Planning Alternatives Ltd. ADV now owns 2,168 shares of the semiconductor manufacturer's stock valued at $715,000 after buying an additional 30 shares in the last quarter. Finally, McHugh Group LLC increased its holdings in Broadcom by 0.4% during the third quarter. McHugh Group LLC now owns 8,433 shares of the semiconductor manufacturer's stock worth $2,782,000 after buying an additional 31 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

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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