Broadcom Inc. (NASDAQ:AVGO) Stock Has Average Target Price of $527.20

Shares of Broadcom Inc. (NASDAQ:AVGO) have received a consensus rating of “Moderate Buy” from the forty-one research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $527.20.

Several equities analysts have issued reports on AVGO shares. BNP Paribas Exane upped their price target on shares of Broadcom from $675.00 to $715.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Rosenblatt Securities started coverage on shares of Broadcom in a report on Thursday, September 3rd. They set a “buy” rating and a $600.00 price target on the stock. New Street Research lifted their price target on shares of Broadcom from $420.00 to $600.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Citigroup reaffirmed a “buy” rating and set a $515.00 target price (up from $500.00) on shares of Broadcom in a research report on Friday, September 4th.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom has agreed to lend Anthropic up to $42 billion to finance the lease of Broadcom-designed chips and related infrastructure. The facility could fund roughly one-third of Anthropic’s $125.2 billion, five-year TPU-compute commitment, potentially creating substantial future demand for Broadcom’s AI products. Broadcom to lend Anthropic up to $42 billion to lease its chips
• Positive Sentiment: Reports indicate Anthropic could become Broadcom’s largest customer next year. The arrangement would combine chip supply, equipment leasing and financing, strengthening Broadcom’s exposure to one of the leading AI model developers and supporting the company’s AI-growth narrative. Broadcom Stock Rises. Anthropic and Broadcom Are Becoming More Intertwined.
• Neutral Sentiment: The financing may be convertible into Anthropic shares, giving Broadcom potential equity upside if Anthropic’s planned IPO succeeds. However, the ultimate benefit depends on Anthropic’s ability to execute its expansion plans and meet its infrastructure commitments. Broadcom to provide Anthropic with up to $42 billion in financing
• Negative Sentiment: Anthropic’s prospectus reportedly shows $161.2 billion in Broadcom lease obligations and $518 billion in total infrastructure commitments. Those figures intensify concerns that Broadcom could face repayment or utilization risks if Anthropic’s AI spending, revenue growth or financing plans fall short. Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test

Broadcom Stock Performance

Shares of AVGO stock opened at $343.64 on Tuesday. The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 43.89 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $373.28 and its 200-day moving average price is $380.85. Broadcom has a 12 month low of $289.96 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The firm’s revenue was up 85.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is presently 33.21%.

Insider Activity

In other news, Director Gayla Delly sold 1,890 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,890 shares of company stock valued at $20,241,368. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Financial Bank Trust Division boosted its stake in shares of Broadcom by 22.5% in the 3rd quarter. First Financial Bank Trust Division now owns 47,817 shares of the semiconductor manufacturer’s stock valued at $16,793,000 after purchasing an additional 8,788 shares during the last quarter. Doliver Advisors LP increased its position in shares of Broadcom by 5.3% during the third quarter. Doliver Advisors LP now owns 10,602 shares of the semiconductor manufacturer’s stock worth $3,723,000 after buying an additional 531 shares during the period. Stonebridge Financial Group LLC increased its position in shares of Broadcom by 15.3% during the third quarter. Stonebridge Financial Group LLC now owns 2,539 shares of the semiconductor manufacturer’s stock worth $892,000 after buying an additional 337 shares during the period. Cim Investment Management Inc. raised its stake in Broadcom by 9.7% during the second quarter. Cim Investment Management Inc. now owns 22,900 shares of the semiconductor manufacturer’s stock worth $8,650,000 after buying an additional 2,032 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Broadcom by 10.1% during the second quarter. QRG Capital Management Inc. now owns 864,506 shares of the semiconductor manufacturer’s stock worth $323,796,000 after buying an additional 79,451 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

About Broadcom

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.