Broadcom's (AVGO) Neutral Rating Reiterated at Seaport Research Partners

Key Points

• Seaport Research Partners reissued a Neutral rating on Broadcom, but the street consensus is a Moderate Buy with an average analyst target of $435.30 and many firms maintaining Buy/Strong Buy calls.
• New long‑term AI deals with Google (custom chips through 2031) and expanded compute arrangements with Anthropic give Broadcom multi‑year revenue visibility and support a premium AI‑infrastructure valuation, though concerns remain about software‑segment growth and technical/valuation risks.
• Insiders have been net sellers recently — including CFO Kirsten Spears and another executive who sold shares at about $321.60 — with insiders selling 273,049 shares (~$88.3 million) over the past 90 days.

Broadcom (NASDAQ:AVGO - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at Seaport Research Partners in a report issued on Wednesday,Benzinga reports.

AVGO has been the topic of several other research reports. Rosenblatt Securities reissued a "buy" rating and set a $500.00 target price on shares of Broadcom in a research report on Tuesday. KeyCorp reissued an "overweight" rating and set a $500.00 target price (up from $460.00) on shares of Broadcom in a research report on Friday, December 12th. Piper Sandler reissued an "overweight" rating and set a $430.00 target price (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Citigroup boosted their target price on shares of Broadcom from $458.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Finally, Zacks Research raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and an average target price of $435.30.

Broadcom Trading Up 6.2%

NASDAQ AVGO opened at $333.97 on Wednesday. The firm has a market cap of $1.58 trillion, a PE ratio of 65.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. Broadcom has a 52 week low of $153.09 and a 52 week high of $414.61. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $324.54 and a 200 day moving average price of $342.73.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.02. The company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. Broadcom's revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. As a group, sell-side analysts forecast that Broadcom will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Broadcom

In related news, CFO Kirsten M. Spears sold 36,292 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the completion of the transaction, the chief financial officer directly owned 327,760 shares in the company, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the transaction, the insider owned 96,147 shares of the company's stock, valued at $30,920,875.20. This represents a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 273,049 shares of company stock valued at $88,300,115. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC boosted its holdings in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 66 shares in the last quarter. SWAN Capital LLC boosted its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 55 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in Broadcom during the second quarter worth $28,000. JCIC Asset Management Inc. purchased a new stake in Broadcom during the third quarter worth $31,000. Finally, Miller Global Investments LLC purchased a new stake in Broadcom during the fourth quarter worth $31,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Signed a long‑term deal to develop and supply Google’s next‑generation custom AI chips and data‑center components through 2031, giving Broadcom multi‑year revenue visibility and strategic scale in hyperscale AI racks. Broadcom signs long-term deal to develop Google's custom AI chips (Reuters)
• Positive Sentiment: Anthropic expanded its compute arrangements with Google and Broadcom to secure large additional capacity for Claude models, increasing near‑term demand for Broadcom’s AI components and services. Anthropic ups compute deal with Google and Broadcom (TechCrunch)
• Positive Sentiment: WSJ/other coverage confirms the expanded three‑way collaboration (Google‑Broadcom‑Anthropic), framing Broadcom as a strategic supplier across chips, networking and capacity — a narrative that supports premium valuation for AI infrastructure exposure. Broadcom to supply AI chips to Google, computing capacity to Anthropic (WSJ)
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a Buy and set a $500 price target, and some banks (BofA commentary referenced by press) say the Google pact materially improves visibility — both lift sentiment and buyer interest. Rosenblatt reaffirms buy; Benzinga summary
• Neutral Sentiment: Industry outlook pieces (Zacks, Investopedia, others) highlight Broadcom as a key AI infra enabler but debate whether these deals revive the broader “flagging” AI trade — useful context but not immediate catalysts. Micron and Broadcom: 2 Critical AI Infrastructure Enablers (Zacks)
• Negative Sentiment: Some analysts retain concerns about Broadcom’s software segment growth and recent downgrades (Erste moved to Hold), which could cap upside if software revenue underperforms versus the hardware/AI narrative. Broadcom (AVGO) Downgraded on Concerns Over Software Segment Growth (Yahoo)
• Negative Sentiment: Technical/valuation caveats: commentary notes AVGO had fallen from its December highs (technical bear/flag), and the 200‑day moving average remains a resistance area — risks for traders buying the headline rally. Broadcom stock price bullish flag points to more gains (Invezz)

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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