Broadcom’s (AVGO) “Overweight” Rating Reaffirmed at KeyCorp

Broadcom (NASDAQ:AVGO)‘s stock had its “overweight” rating restated by analysts at KeyCorp in a research report issued on Thursday, Benzinga reports. They currently have a $575.00 target price on the semiconductor manufacturer’s stock. KeyCorp’s price objective indicates a potential upside of 56.57% from the company’s current price.

A number of other brokerages have also recently issued reports on AVGO. The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a report on Monday, August 3rd. TD Cowen restated a “buy” rating and issued a $500.00 target price on shares of Broadcom in a report on Thursday, June 4th. Citigroup restated a “buy” rating on shares of Broadcom in a research report on Thursday, June 4th. Wall Street Zen lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings lowered Broadcom from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Twenty-nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.80.

Broadcom Stock Performance

NASDAQ:AVGO opened at $367.24 on Thursday. The stock has a market cap of $1.75 trillion, a P/E ratio of 61.21, a PEG ratio of 0.71 and a beta of 1.44. The firm has a 50-day moving average of $384.15 and a two-hundred day moving average of $377.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. Broadcom has a 1-year low of $289.96 and a 1-year high of $495.00.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the firm posted $1.69 earnings per share. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. On average, research analysts expect that Broadcom will post 10.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on 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 of the company’s stock, valued at approximately $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 can be accessed through this link. Also, Director Harry L. You purchased 1,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $373.57 per share, for a total transaction of $373,570.00. Following the transaction, the director owned 38,466 shares in the company, valued at $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 61,644 shares of company stock worth $24,016,214 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AVGO. Norges Bank bought a new stake in shares of Broadcom during the 4th quarter worth approximately $24,252,196,000. Legal & General Group Plc bought a new stake in shares of Broadcom in the second quarter valued at approximately $11,998,148,000. Bank of New York Mellon Corp acquired a new position in Broadcom in the 2nd quarter valued at $10,528,191,000. Jupiter Topco LLC bought a new stake in shares of Broadcom during the 2nd quarter valued at $7,396,271,000. Finally, Deutsche Bank AG bought a new position in shares of Broadcom in the second quarter worth $5,661,216,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

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

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.