Every morning, the MarketBeat Idea Engine scans the stock market using algorithmic factors, technical indicators, trading momentum and the latest artificial intelligence models. Winning trades selected by the Idea Engine often result in 5-15% weekly gains. Some events that may place a stock on the Idea Engine list include beating earnings estimates, increasing a dividend, multiple positive analyst recommendations, announcing a buyback or a stock split or a significant increase in the positivity of news about a stock.
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Idea Engine Score: 26
Price on Recommendation Date: $334.89
Current Price: $359.87
ROI Since Recommendations: 7.5% (Does not include reinvested dividends)
Current Analyst Recommendations: 31 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
Current Consensus Price Target: $354.04 (-1.6% Upside)
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. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing custom silicon solutions; serializer/deserializer application specific integrated circuits; optical and copper, and physical layer devices; and fiber optic components and RF semiconductor devices. The company also offers RF front end modules and filter; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; inductive charging; attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; optocouplers, industrial fiber optics, and motion control encoders and subsystems; light emitting diode, ethernet PHYs, switch ICs, and camera microcontrollers. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was founded in 1961 and is headquartered in Palo Alto, California.
Recommendation Factors:
- Broadcom (NASDAQ:AVGO - Get Free Report) released its quarterly earnings data on Thursday. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. Listen to Conference Call. View Press Release.
- Broadcom had its price target raised by analysts at Morgan Stanley from $338.00 to $357.00. They now have an "overweight" rating on the stock. This represents a 6.6% upside from the current price of $334.89. Read More: Benzinga, The Fly
- Broadcom had its price target raised by analysts at Piper Sandler from $315.00 to $375.00. They now have an "overweight" rating on the stock. This represents a 12.0% upside from the current price of $334.89. Read More: Benzinga, The Fly
- Broadcom had its price target raised by analysts at Benchmark Co. from $315.00 to $385.00. They now have a "buy" rating on the stock. This represents a 15.0% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at Rosenblatt Securities from $340.00 to $400.00. They now have a "buy" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at Bank of America Corporation from $300.00 to $400.00. They now have a "buy" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at TD Cowen from $355.00 to $370.00. They now have a "buy" rating on the stock. This represents a 10.5% upside from the current price of $334.89. Read More: Briefing.com Automated Import, Finviz
- Broadcom had its price target raised by analysts at JPMorgan Chase & Co. from $325.00 to $400.00. They now have an "overweight" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $300.00 to $350.00. They now have a "buy" rating on the stock. This represents a 4.5% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at KeyCorp from $330.00 to $400.00. They now have an "overweight" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga, The Fly
- Broadcom had its price target raised by analysts at Barclays PLC from $265.00 to $400.00. They now have an "overweight" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga, The Fly
- Broadcom had its price target raised by analysts at Wells Fargo & Company from $255.00 to $345.00. They now have an "equal weight" rating on the stock. This represents a 3.0% upside from the current price of $334.89. Read More: Benzinga, Tickerreport.com
- Broadcom had its price target raised by analysts at Mizuho from $320.00 to $355.00. They now have an "outperform" rating on the stock. This represents a 6.0% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at Sanford C. Bernstein from $295.00 to $400.00. They now have an "outperform" rating on the stock. This represents a 19.4% upside from the current price of $334.89. Read More: Benzinga, The Fly
- Broadcom had its price target raised by analysts at Truist Financial Corporation from $295.00 to $365.00. They now have a "buy" rating on the stock. This represents a 9.0% upside from the current price of $334.89. Read More: Benzinga
- Broadcom had its price target raised by analysts at Citigroup Inc. from $315.00 to $350.00. They now have a "buy" rating on the stock. This represents a 4.5% upside from the current price of $334.89. Read More: Benzinga, Tickerreport.com
- Broadcom Inc. (NASDAQ:AVGO - Free Report) - Equities research analysts at Cantor Fitzgerald increased their FY2026 earnings estimates for Broadcom in a report issued on Friday, September 5th. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor manufacturer will earn $7.44 per share for the year, up from their prior estimate of $6.96. Cantor Fitzgerald has a "Overweight" rating and a $300.00 price objective on the stock. The consensus estimate for Broadcom's current full-year earnings is $5.38 per share.
- Broadcom Inc. (NASDAQ:AVGO) declared a quarterly dividend on Thursday, September 4th. Investors of record on Monday, September 22nd will be paid a dividend of 0.59 per share by the semiconductor manufacturer on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd.
