Broadcom (NASDAQ:AVGO) Stock Price Up 2.6% – Still a Buy?

Broadcom Inc. (NASDAQ:AVGO)’s share price shot up 2.6% during trading on Tuesday . The company traded as high as $433.39 and last traded at $427.3830. 19,570,029 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 25,119,461 shares. The stock had previously closed at $416.50.

Key Headlines Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom announced VMware Cloud Foundation 9.1 — a platform positioned to accelerate secure, cost?effective production AI deployments, which directly supports Broadcom’s software and infrastructure revenue thesis. Broadcom Announces VMware Cloud Foundation 9.1, Enabling Secure and Cost-Effective Infrastructure for Production AI
• Positive Sentiment: Bernstein and other analysts are flagging “off the charts” AI agent demand that pressures supply — a thematic tailwind for Broadcom’s chip and infrastructure exposure. Bernstein Analyst: AI Agents Drive Chip Demand ‘Off the Charts,’ Supply Can’t Keep Up
• Positive Sentiment: Multiple bullish writeups highlight Broadcom’s growth profile and high ROE, arguing the company can deliver durable returns as AI infrastructure spending expands. Broadcom Inc. (AVGO) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Coverage placing Broadcom among top semiconductor/AI winners (including lists tied to Google’s large AI buildout and Nasdaq strength) reinforces investor demand for AVGO as an AI infrastructure play. 3 Semiconductor Stocks Poised to Gain as Google Eyes $190B AI Buildout
• Neutral Sentiment: Broadcom set its Q2 fiscal?2026 earnings date for June 3 — a scheduled event that can move the stock depending on outlook/guide but is routine. Broadcom Inc. to Announce Second Quarter Fiscal Year 2026 Financial Results on Wednesday, June 3, 2026
• Neutral Sentiment: Wider market/sector pieces (AI ETFs, Nasdaq record highs) are lifting semiconductors broadly; inclusion of AVGO in roundups supports momentum but is not a company?specific catalyst. AI Enthusiasm Powers Nasdaq to All-Time High: 3 Stocks to Grab
• Negative Sentiment: A recent note explained why Broadcom briefly underperformed the broader market on May 4 — a reminder that event risk and short-term volatility can produce pullbacks even amid positive fundamentals. Why Broadcom Inc. (AVGO) Dipped More Than Broader Market Today

Analysts Set New Price Targets

A number of research firms recently commented on AVGO. JPMorgan Chase & Co. lifted their price objective on Broadcom from $475.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $500.00 price target on shares of Broadcom in a research note on Tuesday, April 7th. Bank of America dropped their price target on Broadcom from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Morgan Stanley boosted their price target on Broadcom from $462.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Finally, DA Davidson raised Broadcom to a “hold” rating in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.30.

Broadcom Price Performance

The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $347.36 and a two-hundred day moving average price of $349.79. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 83.47, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $19.10 billion. During the same period in the prior year, the firm earned $1.60 earnings per share. Broadcom’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, research analysts anticipate that Broadcom Inc. will post 9.95 EPS for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom’s dividend payout ratio (DPR) is currently 50.78%.

Insider Buying and Selling at Broadcom

In other news, insider S. Ram Velaga sold 38,841 shares of Broadcom stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total transaction of $12,491,265.60. Following the completion of the transaction, the insider directly owned 96,147 shares in the company, valued at $30,920,875.20. This trade represents a 28.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirsten M. Spears sold 36,292 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $321.60, for a total value of $11,671,507.20. Following the completion of the sale, the chief financial officer directly owned 327,760 shares of the company’s stock, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 324,282 shares of company stock valued at $106,425,249 over the last three months. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Broadcom

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ROSS JOHNSON & Associates LLC grew its stake in Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Networth Advisors LLC grew its stake in 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 purchasing an additional 71 shares during the period. SWAN Capital LLC grew its stake in 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 purchasing an additional 55 shares during the period. JCIC Asset Management Inc. bought a new position in Broadcom in the 3rd quarter valued at $31,000. Finally, Miller Global Investments LLC bought a new position in Broadcom in the 4th quarter valued at $31,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

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.