Broadcom (NASDAQ:AVGO) Rating Increased to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Broadcom (NASDAQ:AVGO) to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on AVGO. Cowen reissued a “buy” rating on shares of Broadcom in a research report on Friday, December 12th. Raymond James Financial set a $420.00 price target on shares of Broadcom and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Wells Fargo & Company upgraded shares of Broadcom from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $410.00 to $430.00 in a report on Thursday. TD Cowen increased their target price on shares of Broadcom from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Oppenheimer raised their target price on shares of Broadcom from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus price target of $438.61.

Broadcom Stock Up 1.8%

NASDAQ:AVGO opened at $349.18 on Wednesday. Broadcom has a 1 year low of $138.10 and a 1 year high of $414.61. The stock has a 50-day moving average price of $358.94 and a two-hundred day moving average price of $332.69. The stock has a market cap of $1.66 trillion, a price-to-earnings ratio of 73.53, a PEG ratio of 1.14 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $17.46 billion. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.Broadcom’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 EPS. As a group, equities analysts expect that Broadcom will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. This is a boost from Broadcom’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, December 22nd. Broadcom’s dividend payout ratio (DPR) is presently 54.62%.

Insider Buying and Selling

In other Broadcom news, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Thursday, December 18th. The stock was bought at an average cost of $325.13 per share, for a total transaction of $325,130.00. Following the purchase, the director owned 36,602 shares of the company’s stock, valued at $11,900,408.26. The trade was a 2.81% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer directly owned 132,836 shares in the company, valued at $46,133,942.80. The trade was a 34.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 779,901 shares of company stock valued at $284,069,237. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Broadcom

Large investors have recently modified their holdings of the stock. Miller Global Investments LLC acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $31,000. Sawyer & Company Inc increased its position in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the period. JCIC Asset Management Inc. acquired a new stake in shares of Broadcom during the third quarter worth $31,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the second quarter valued at about $27,000. Finally, Legend Financial Advisors Inc. bought a new position in Broadcom during the second quarter worth about $28,000. 76.43% of the stock is owned by institutional investors.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: KeyCorp reiterated an Overweight view with aggressive multi-year EPS projections and a $500 price target, signaling strong analyst confidence in Broadcom’s AI-driven revenue growth. KeyCorp Research Note
• Positive Sentiment: Mizuho raised its price target to $480 and kept an Outperform rating, adding to analyst upside expectations. Mizuho Raises PT
• Positive Sentiment: Several large banks named Broadcom a “top pick” for 2026, reinforcing broad institutional bullishness on the company’s AI and infrastructure exposure. Top Pick Coverage
• Positive Sentiment: High-profile buying: Cathie Wood’s fund added to its Broadcom stake, a signal some investors interpret as endorsement of AVGO’s AI positioning. Cathie Wood Buys
• Positive Sentiment: Industry tailwind: TSMC’s strong earnings lifted chip stocks broadly, supporting demand expectations for AI infrastructure suppliers like Broadcom. TSMC Boosts Chip Sector
• Positive Sentiment: Research notes (e.g., Bernstein) downplayed competitive threats to Broadcom’s AI opportunity, easing investor concern about market share erosion. Bernstein Commentary
• Neutral Sentiment: RBC initiated coverage / moved to a sector‑perform (hold) view — less bullish than some bank calls but not a negative downgrade; Zacks/TickerReport also noted an upgrade to “hold.” These actions add mixed analyst signal to the tape. RBC Coverage Zacks / TickerReport
• Negative Sentiment: Broadcom filed a $4.5 billion senior notes offering, which raises leverage and prompted investor scrutiny of capital allocation and near-term cash requirements. Debt Offering
• Negative Sentiment: Regulatory/regional headwind: reports say China has banned Broadcom’s cybersecurity solutions there, a potential revenue and geopolitical risk for that product line. China Ban
• Negative Sentiment: Insider selling: reports show roughly $490M of insider sales (including a $24M sale by the CEO), which some investors view as a negative signal or profit‑taking ahead of upcoming events. Insider Sales CEO Sale
• Negative Sentiment: Market reaction: a sharp intraday sell-off was reported earlier amid worries about margins, debt and the China ban; some analysts argue margin fears are overblown, but volatility remains a near-term risk. Sell-off Coverage Margin Analysis

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.