Erste Group Bank Forecasts Stronger Earnings for Broadcom

Broadcom Inc. (NASDAQ:AVGO) – Erste Group Bank increased their FY2026 EPS estimates for shares of Broadcom in a research note issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the semiconductor manufacturer will earn $9.80 per share for the year, up from their prior estimate of $8.70. The consensus estimate for Broadcom’s current full-year earnings is $5.38 per share. Erste Group Bank also issued estimates for Broadcom’s FY2027 earnings at $16.55 EPS.

A number of other brokerages also recently issued reports on AVGO. DA Davidson raised Broadcom to a “hold” rating in a research note on Friday, February 13th. Piper Sandler restated an “overweight” rating and set a $430.00 price objective (up from $375.00) on shares of Broadcom in a research report on Friday, December 12th. Wolfe Research upgraded shares of Broadcom from a “peer perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a report on Friday, January 30th. Royal Bank Of Canada cut their price target on shares of Broadcom from $370.00 to $340.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $430.00 price objective on Broadcom and gave the company a “buy” rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $435.30.

Broadcom Price Performance

NASDAQ:AVGO opened at $309.42 on Friday. Broadcom has a one year low of $138.10 and a one year high of $414.61. The stock has a market cap of $1.47 trillion, a PE ratio of 60.43, a P/E/G ratio of 0.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The stock has a 50 day moving average price of $328.02 and a 200 day moving average price of $345.17.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The business had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. Broadcom had a net margin of 36.57% and a return on equity of 38.61%. The business’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s dividend payout ratio (DPR) is presently 50.78%.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 50,488 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $16,236,940.80. Following the completion of the transaction, the insider directly owned 278,141 shares in the company, valued at $89,450,145.60. This trade represents a 15.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the completion of the sale, the chief executive officer owned 132,836 shares in the company, valued at $46,133,942.80. This represents a 34.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 403,049 shares of company stock worth $133,459,315 in the last three months. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Broadcom

Hedge funds have recently made changes to their positions in the business. ROSS JOHNSON & Associates LLC grew its stake in shares of Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. SWAN Capital LLC grew its stake in Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in Broadcom in the 2nd quarter valued at about $28,000. JCIC Asset Management Inc. purchased a new position in shares of Broadcom in the 3rd quarter valued at about $31,000. Finally, Miller Global Investments LLC acquired a new position in shares of Broadcom during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Erste Group sharply raised its EPS forecasts for AVGO, boosting FY2026 to $9.80 and FY2027 to $16.55 — a large upside to prior estimates that implies materially higher future earnings power if realized. Erste Group upgrades / MarketBeat
• Positive Sentiment: Broadcom struck a multiyear deal to co-develop custom AI accelerators with OpenAI, positioning AVGO as a key supplier of bespoke AI silicon and reinforcing its exposure to hyperscaler AI spending. This deal underpins the company’s AI revenue runway. OpenAI chip deal (Yahoo)
• Positive Sentiment: Analyst and bullish coverage emphasize Broadcom’s central role in the AI infrastructure stack (custom silicon, networking, software), arguing the pullback is a buying opportunity given durable demand from hyperscalers. Bullish AI thesis (Yahoo)
• Neutral Sentiment: Reports note Broadcom’s AI-related revenue has doubled recently but the stock hasn’t fully re-rated, suggesting expectations may already price much of the AI upside or that investors are awaiting execution proof. AI revenue vs. stock move (247WallSt)
• Neutral Sentiment: Coverage discussing tech ETFs and broader tech earnings suggests sector-level dynamics (QQQM/mega-cap flows, profit-taking) are moderating AVGO’s price action despite strong fundamentals. Sector/ETF context (MarketBeat)
• Negative Sentiment: Insider selling has been reported, which some investors interpret as a cautionary signal about near-term valuation or personal liquidity decisions; that news is weighing on sentiment amid the recent pullback. Insider selling (Yahoo)

Broadcom Company Profile

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.