Broadcom (NASDAQ:AVGO) Given “Sector Perform” Rating at Royal Bank Of Canada

Broadcom (NASDAQ:AVGO)‘s stock had its “sector perform” rating restated by Royal Bank Of Canada in a research report issued on Wednesday,Benzinga reports. They currently have a $400.00 target price on the semiconductor manufacturer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.13% from the company’s current price.

AVGO has been the topic of a number of other research reports. Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. DA Davidson lifted their price target on Broadcom from $375.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. KeyCorp reissued an “overweight” rating and issued a $575.00 price objective (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Erste Group Bank restated a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $491.97.

Broadcom Stock Performance

Shares of AVGO opened at $356.74 on Wednesday. The firm has a market capitalization of $1.70 trillion, a PE ratio of 59.46, a P/E/G ratio of 0.68 and a beta of 1.45. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $387.47 and a 200 day moving average price of $375.72. Broadcom has a 52-week low of $287.17 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. Broadcom’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. On average, sell-side analysts anticipate that Broadcom will post 10.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the sale, the insider directly owned 194,989 shares of the company’s stock, valued at $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the completion of the acquisition, the director owned 38,466 shares of the company’s stock, valued at $14,369,743.62. The trade was a 2.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 over the last quarter. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Broadcom

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock worth $167,064,997,000 after acquiring an additional 3,919,715 shares in the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 5,040,801 shares during the period. Geode Capital Management LLC boosted its stake in Broadcom by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 111,277,280 shares of the semiconductor manufacturer’s stock worth $38,396,634,000 after purchasing an additional 1,548,699 shares during the period. Price T Rowe Associates Inc. MD grew its position in Broadcom by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 85,546,083 shares of the semiconductor manufacturer’s stock worth $29,607,500,000 after purchasing an additional 2,491,644 shares in the last quarter. Finally, Norges Bank purchased a new position in Broadcom during the 4th quarter worth approximately $24,252,196,000. 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: AI networking demand remains a key support. Broadcom is increasingly viewed as a major beneficiary of AI infrastructure spending, particularly custom accelerators, networking, and the shift toward inference and agentic AI workloads. Analysts and market commentary continue to rank Broadcom among the leading AI-chip companies, second only to Nvidia in some views. 3 AI Networking Stocks Dominating a Quiet Niche
• Positive Sentiment: Analyst support and VMware traction provide additional optimism. BMO set a $455 price target and an Outperform rating, citing Broadcom’s strong position in AI chips. Separately, Rackspace launched a managed multitenant cloud platform based on VMware Cloud Foundation 9.1, offering early commercial validation of Broadcom’s VMware strategy in regulated and AI-focused markets. BMO sees writing on the wall for Broadcom stock after earnings
• Neutral Sentiment: Earnings could determine the next move. Broadcom is expected to report results Wednesday after previously posting $22.19 billion in quarterly revenue, up 47.9% year over year, and adjusted earnings of $2.44 per share. Investors will focus on AI revenue growth, guidance, margins, and demand from major customers. Broadcom to Release Earnings on Wednesday
• Negative Sentiment: Debt and credit concerns are weighing on sentiment. Reports highlight a proposed $60 billion AI financing arrangement and broader concerns that vendor financing could shift risk away from customers without eliminating it. Investors are questioning whether the spending required to support projected AI growth could increase leverage and credit risk. Broadcom’s $60 Billion AI Debt Deal
• Negative Sentiment: Margin pressure is another risk ahead of results. Analysts are concerned that continued investment in AI infrastructure and VMware integration could cause margin contraction, making Broadcom’s premium valuation—about 59 times earnings—more sensitive to any earnings or guidance disappointment. Broadcom Q3 Earnings Preview

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.