Broadcom (NASDAQ:AVGO) Price Target Raised to $475.00 at Citigroup

Broadcom (NASDAQ:AVGO) had its price target increased by Citigroup from $458.00 to $475.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the semiconductor manufacturer’s stock.

Other analysts have also recently issued research reports about the company. Wall Street Zen raised Broadcom from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Rosenblatt Securities raised their target price on shares of Broadcom from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James Financial set a $420.00 target price on shares of Broadcom and gave the company an “outperform” rating in a research report on Thursday, November 20th. Morgan Stanley increased their price target on shares of Broadcom from $443.00 to $462.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Broadcom from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and a consensus target price of $435.03.

Broadcom Stock Performance

NASDAQ AVGO opened at $332.97 on Thursday. The company’s 50 day simple moving average is $334.17 and its two-hundred day simple moving average is $342.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.71 and a quick ratio of 1.58. Broadcom has a 1 year low of $138.10 and a 1 year high of $414.61. The stock has a market capitalization of $1.58 trillion, a PE ratio of 65.03, a P/E/G ratio of 1.02 and a beta of 1.22.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a net margin of 36.57% and a return on equity of 39.28%. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same period in the previous year, the business earned $1.60 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts predict that Broadcom will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.65 dividend. This is a positive change from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.8%. Broadcom’s dividend payout ratio is currently 50.78%.

Insider Buying and Selling at Broadcom

In other news, CFO Kirsten M. Spears sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $347.82, for a total transaction of $10,434,600.00. Following the transaction, the chief financial officer directly owned 277,237 shares of the company’s stock, valued at approximately $96,428,573.34. This trade represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 130,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $326.02, for a total value of $42,382,600.00. Following the completion of the transaction, the chief executive officer owned 595,638 shares in the company, valued at approximately $194,189,900.76. This represents a 17.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 779,101 shares of company stock worth $283,804,325 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Broadcom

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Broadcom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer’s stock valued at $133,261,046,000 after buying an additional 6,222,802 shares during the last quarter. State Street Corp increased its position in shares of Broadcom by 2.7% in the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock valued at $65,788,194,000 after acquiring an additional 5,040,801 shares during the period. Geode Capital Management LLC increased its position in shares of Broadcom by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock valued at $38,396,634,000 after acquiring an additional 1,548,699 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Broadcom by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock valued at $29,607,500,000 after acquiring an additional 2,491,644 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Broadcom during the fourth quarter worth about $24,252,196,000. 76.43% of the stock is currently owned by institutional investors.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Q1 beat and strong guidance — Broadcom reported $2.05 EPS vs. ~$2.03 consensus and $19.31B revenue (up ~29.5% YoY). Management guided Q2 revenue around $22.0B (well above consensus) and announced a $10B buyback, signaling confidence in demand. Broadcom Q1 results & buyback (PR Newswire)
• Positive Sentiment: AI revenue surge and long-term AI thesis — AI semiconductor sales more than doubled (reported ~106% YoY, ~$8.4B), and CEO Hock Tan projected AI chip sales “significantly in excess of $100B” in 2027 — comments that pushed investor conviction around sustainable AI demand. Reuters: Broadcom >$100B AI chip sales outlook
• Positive Sentiment: Wall Street upgrades and higher price targets — Multiple firms raised ratings/targets (JPMorgan, Citigroup, Truist, Rosenblatt and others), driving momentum and providing fresh buy-side support. Finbold: Analysts upgrade Broadcom after earnings
• Neutral Sentiment: Product progress and roadmap — Broadcom has started shipping advanced 3.5D/2nm custom compute SoCs and added XPU customers, which supports longer-term competitive positioning but will take time to translate into sustained margin expansion. Yahoo Finance: Broadcom ships 3.5D compute SoC
• Neutral Sentiment: Sector tailwinds — The broad semiconductor/AI capex theme is lifting interest in AVGO via ETFs and sector flows; this supports multiple catalysts but also ties AVGO to broader chip-cycle sentiment. MarketBeat: AI capex and semiconductor ETFs
• Negative Sentiment: Software segment weakness — Infrastructure software (including VMware-related revenue) grew only ~1% YoY, and analysts/writers flagged software as a drag that could limit overall margin upside. WSJ: AI business booming; software complicated
• Negative Sentiment: Regulatory/export risk and analyst caution — Reports that U.S. export rules for AI chips could tighten and at least one analyst downgrade/trading reaction introduce execution and geopolitical risk that could re-rate multiples. Investopedia: potential new export rules American Banking News: trading down after downgrade

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.