Broadcom (NASDAQ:AVGO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Broadcom (NASDAQ:AVGO) had its price target hoisted by equities researchers at BMO Capital Markets from $455.00 to $575.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor manufacturer’s stock. BMO Capital Markets’ target price indicates a potential upside of 56.57% from the company’s current price.

Several other research firms also recently weighed in on AVGO. Mizuho boosted their target price on Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Evercore reiterated an “outperform” rating and set a $582.00 price objective on shares of Broadcom in a research report on Tuesday, May 19th. UBS Group set a $485.00 target price on shares of Broadcom and gave the stock a “buy” rating in a report on Thursday, June 4th. Zacks Research lowered shares of Broadcom from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, KeyCorp reaffirmed an “overweight” rating and set a $575.00 target price (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $501.80.

Broadcom Stock Down 0.7%

Shares of NASDAQ AVGO opened at $367.24 on Thursday. The firm’s 50-day moving average price is $384.15 and its 200-day moving average price is $377.14. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 61.21, a P/E/G ratio of 0.71 and a beta of 1.44. Broadcom has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. On average, equities research analysts anticipate that Broadcom will post 10.24 EPS for the current fiscal year.

Insider Activity at Broadcom

In other news, Director Harry L. You bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $373.57 per share, with a total value of $373,570.00. Following the transaction, the director directly owned 38,466 shares in the company, valued at approximately $14,369,743.62. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 over the last 90 days. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Broadcom

Several institutional investors have recently bought and sold shares of AVGO. State Street Corp raised its position in shares of Broadcom by 2.7% in the 4th quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after acquiring an additional 5,040,801 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 1,548,699 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Broadcom by 3.0% in 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 purchasing an additional 2,491,644 shares during the last quarter. Norges Bank bought a new position in Broadcom in the fourth quarter worth about $24,252,196,000. Finally, Bank of America Corp DE lifted its position in shares of Broadcom by 4.6% during the second quarter. Bank of America Corp DE now owns 61,423,013 shares of the semiconductor manufacturer’s stock valued at $23,202,543,000 after buying an additional 2,685,916 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom News Roundup

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom reported fiscal third-quarter revenue of approximately $29.6 billion, up 86% year over year, while non-GAAP earnings per share of $3.32 exceeded the $3.22 consensus estimate. Net income rose to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter financial results
• Positive Sentiment: AI semiconductor revenue surged 221% year over year to $16.7 billion, reportedly increasing 54% sequentially. Broadcom also cited more than $30 billion in AI bookings, supporting the longer-term demand case for custom processors and networking infrastructure. Broadcom AI revenue report
• Positive Sentiment: Broadcom generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share, reinforcing its cash-generation and shareholder-return profile. Broadcom dividend announcement
• Neutral Sentiment: Some market commentary continues to view Broadcom as a key beneficiary of AI infrastructure bottlenecks, particularly in networking and optical connectivity. Analysts remain broadly constructive, with reported price targets well above the current trading level, although those targets may not reflect the latest guidance.
• Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion came in below estimates of roughly $35.0 billion to $35.03 billion. The modest shortfall overshadowed the earnings beat and raised questions about the pace of custom-chip growth, competition and whether hyperscaler AI spending can continue accelerating. Broadcom quarterly revenue forecast
• Negative Sentiment: Concerns about data-center financing and Google’s relationship with rival Marvell added pressure, while Broadcom’s high valuation leaves little room for an outlook that is merely strong rather than exceptional. Third Point’s reported exit from its Broadcom position and heavy insider selling may also weigh on sentiment, though neither necessarily reflects the company’s operating outlook. Stocks explaining the market

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.