Broadcom (NASDAQ:AVGO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Broadcom (NASDAQ:AVGO) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other research analysts also recently issued reports about the company. Arete Research upgraded Broadcom to a “strong-buy” rating in a report on Monday, July 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $340.00 price target on shares of Broadcom in a report on Wednesday, August 13th. Morgan Stanley lifted their price target on Broadcom from $338.00 to $357.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Susquehanna lifted their price target on Broadcom from $280.00 to $300.00 and gave the company a “positive” rating in a report on Friday, June 6th. Finally, Barclays boosted their target price on Broadcom from $265.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Buy” and a consensus target price of $351.92.

Broadcom Trading Up 3.2%

Shares of NASDAQ AVGO opened at $345.65 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $293.49 and a two-hundred day simple moving average of $238.27. The firm has a market cap of $1.63 trillion, a PE ratio of 88.18, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. Broadcom has a twelve month low of $134.90 and a twelve month high of $356.34.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the company posted $1.24 EPS. Broadcom’s revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom’s payout ratio is 60.20%.

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 50,000 shares of the business’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the sale, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total value of $2,528,800.00. Following the sale, the insider owned 789,784 shares in the company, valued at approximately $199,720,577.92. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock worth $217,286,457 over the last quarter. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Broadcom

Several large investors have recently added to or reduced their stakes in the company. Sawyer & Company Inc lifted its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 36 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at about $27,000. Legend Financial Advisors Inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Broadcom in the 2nd quarter valued at about $28,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Broadcom in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.