Broadcom (NASDAQ:AVGO) Given New $600.00 Price Target at Rosenblatt Securities

Broadcom (NASDAQ:AVGO) had its target price lifted by equities researchers at Rosenblatt Securities from $500.00 to $600.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Rosenblatt Securities’ price target suggests a potential upside of 63.38% from the company’s current price.

Several other analysts also recently commented on AVGO. Zacks Research downgraded shares of Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Benchmark boosted their price target on Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Erste Group Bank reissued a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Finally, Truist Financial lifted their price objective on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Twenty-nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $501.80.

Broadcom Trading Down 0.7%

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

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

Insider Transactions at Broadcom

In other news, Director Harry L. You purchased 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, for a total transaction of $373,570.00. Following the completion of the acquisition, the director 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ROSS JOHNSON & Associates LLC lifted its stake in Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 66 shares during the period. Networth Advisors LLC increased its stake in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. SWAN Capital LLC increased its stake in shares of Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Harborfront Financial Group LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at $38,000. Finally, Cherry Tree Wealth Management LLC grew its holdings in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 40 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Broadcom

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.