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Ferguson Wellman Capital Management Inc. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 707,464 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,399 shares during the period. Broadcom comprises about 3.3% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 6th largest position. Ferguson Wellman Capital Management Inc.’s holdings in Broadcom were worth $267,244,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC boosted its holdings in shares of 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 acquiring an additional 66 shares during the period. SWAN Capital LLC increased its holdings 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 during the period. Networth Advisors LLC raised its position 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 last quarter. Harborfront Financial Group LLC purchased a new stake in Broadcom in the 2nd quarter valued at $38,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in Broadcom by 44.9% during the 4th 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. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Up 3.0% AVGO stock opened at $368.56 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company’s 50 day simple moving average is $383.09 and its 200-day simple moving average is $378.02. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The firm has a market capitalization of $1.75 trillion, a PE ratio of 47.07 and a beta of 1.44.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.10. The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The company’s quarterly revenue was up 85.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.69 EPS. Equities analysts expect that Broadcom Inc. will post 10.25 earnings per share for the current fiscal year. Broadcom Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analyst Weigh In AVGO has been the subject of a number of research reports. Cantor Fitzgerald upped their target price on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a research note on Thursday, September 3rd. Benchmark lifted their target price on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Raymond James Financial restated an “outperform” rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. Thirty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $504.93.

Read Our Latest Analysis on AVGO

Insider Buying and Selling In related news, Director Justine Page sold 1,602 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by company insiders.

Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom’s latest results showed powerful AI momentum: AI semiconductor revenue increased 221% to $16.7 billion, while management raised its fiscal 2027 AI revenue outlook to approximately $115 billion, up from more than $100 billion previously. Some projections cited in the coverage point to $230 billion in AI revenue by fiscal 2028. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Nvidia GPUs Positive Sentiment: Analysts continue to raise their expectations, with Cantor reportedly assigning a $600 price target. Bullish analysts argue that hyperscalers increasingly want custom accelerators, AI networking and complete data-center architectures—not only Nvidia GPUs—giving Broadcom a larger role in inference and other workloads. Top Analyst Sets $600 Broadcom Stock Target Positive Sentiment: A multi-generation Amazon AI-silicon agreement with Qualcomm also highlights the growing data-center market for custom chips. Although Qualcomm is the direct beneficiary, the deal reinforces the strategic importance of custom silicon and supports the broader investment case for Broadcom’s design and networking business. Qualcomm Amazon AI Silicon Deal Neutral Sentiment: The post-earnings reaction has been mixed because investors are scrutinizing near-term guidance, Broadcom’s share of customers’ tensor processing unit programs, and whether constrained chip supply can keep pace with demand. Wall Street remains broadly optimistic, but expectations are exceptionally high. Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Negative Sentiment: Bearish coverage points to margin pressure, customer concentration, supply constraints and a premium valuation—Broadcom trades at roughly 47 times earnings—leaving limited room for execution mistakes. These concerns help explain why strong earnings did not produce a uniformly positive market response. Broadcom Buy, Sell or Hold Analysis About Broadcom (Free Report)

Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions.

The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products.

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Rakuten Investment Management Inc. increased its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 969,839 shares of the semiconductor manufacturer’s stock after acquiring an additional 123,941 shares during the quarter. Broadcom makes up about 1.0% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 8th largest position. Rakuten Investment Management Inc.’s holdings in Broadcom were worth $361,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denver PWM LLC increased its position in Broadcom by 17.5% during the 2nd quarter. Denver PWM LLC now owns 1,611 shares of the semiconductor manufacturer’s stock valued at $633,000 after purchasing an additional 240 shares during the period. Orion Capital Management LLC raised its holdings in shares of Broadcom by 16.8% in the 2nd quarter. Orion Capital Management LLC now owns 2,061 shares of the semiconductor manufacturer’s stock valued at $779,000 after purchasing an additional 296 shares in the last quarter. Liontrust Investment Partners LLP lifted its position in shares of Broadcom by 3.7% in the 2nd quarter. Liontrust Investment Partners LLP now owns 642,254 shares of the semiconductor manufacturer’s stock worth $242,611,000 after purchasing an additional 22,702 shares during the period. Glenview Trust Co purchased a new stake in shares of Broadcom in the 2nd quarter worth approximately $147,696,000. Finally, Concorde Asset Management LLC boosted its stake in shares of Broadcom by 5.5% during the second quarter. Concorde Asset Management LLC now owns 2,186 shares of the semiconductor manufacturer’s stock valued at $826,000 after purchasing an additional 114 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance Shares of Broadcom stock opened at $357.89 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.70 trillion, a P/E ratio of 45.71 and a beta of 1.44. The firm’s 50 day moving average price is $383.28 and its 200-day moving average price is $377.77. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the firm earned $1.69 earnings per share. Broadcom’s revenue was up 85.5% compared to the same quarter last year. On average, sell-side analysts predict that Broadcom Inc. will post 10.25 EPS for the current fiscal year. Broadcom Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s dividend payout ratio is currently 33.21%.

Insiders Place Their Bets In other Broadcom news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This trade represents a 8.42% 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 the SEC website. Also, Director Gayla Delly sold 1,890 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the sale, the director owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In Several brokerages recently issued reports on AVGO. Benchmark lifted their price objective on shares of Broadcom from $485.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Raymond James Financial restated an “outperform” rating and set a $475.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $535.00 target price (up from $450.00) on shares of Broadcom in a research report on Thursday, June 4th. Rosenblatt Securities began coverage on Broadcom in a report on Thursday, September 3rd. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Susquehanna reissued a “positive” rating and issued a $490.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday, May 28th. Thirty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $504.93.

Get Our Latest Report on AVGO

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom raised its fiscal 2027 AI-semiconductor revenue forecast to approximately $115 billion, up from more than $100 billion previously, and reportedly sees potential for about $230 billion in fiscal 2028. The outlook reflects sustained spending by hyperscalers on custom accelerators and AI infrastructure. Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Just Nvidia GPUs Positive Sentiment: AI semiconductor revenue reportedly jumped 221% to $16.7 billion in the latest quarter. Broadcom is benefiting as large technology companies seek alternatives or complements to Nvidia GPUs, particularly for inference workloads, custom silicon and high-speed data-center networking. Broadcom Inc. Stock: Rises as Custom AI Silicon Fuels Massive Growth Outlook Positive Sentiment: Analysts and financial commentators increasingly characterize Broadcom as a major beneficiary of the expansion of customized AI infrastructure, alongside its strong free-cash-flow generation and AI networking exposure. The company’s custom-chip strategy could also pressure competitors such as AMD in hyperscaler accounts. Broadcom stock: Why the AI chipmaker’s growth story is gaining steam Neutral Sentiment: High-volume purchases of Broadcom call options indicate speculative bullish interest, but options activity does not guarantee sustained buying in the shares. Stock Traders Purchase High Volume of Broadcom Call Options Negative Sentiment: Investors remain concerned about Broadcom’s premium valuation, possible margin pressure, supply constraints and dependence on a limited number of large customers. These risks help explain why the stock has declined over the past three months despite its strong AI growth outlook. Broadcom Drops 10% in 3 Months: Buy, Sell or Hold the Stock? About Broadcom (Free Report)

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.

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Amazon just handed Qualcomm a multi-generation AI silicon deal that sent shares surging against a falling market, but the fine print raises a pointed question about whether this credential ever becomes a revenue line.

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A multi-generation AI silicon supply deal is powering Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) shares in Tuesday morning trading, handing the chipmaker a marquee data-center credential well outside its handset franchise. The counterparty is Amazon (NASDAQ:AMZN), whose AWS unit will co-develop customized silicon at scale with Qualcomm for large-scale AI inference workloads. The reaction reads squarely as a Qualcomm story, which fits the shape of the announcement.

Broader benchmarks are lower: the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.47%, so the chip names are climbing against a softer tape. Qualcomm stock is up 5% to $177.60 in early trading. At the same time, Broadcom (NASDAQ:AVGO) stock is rising 3% to $367.10 on read-through to the custom AI silicon category.

Amazon stock is down 1% to $255.65 as the buyer folds another silicon supplier into its AWS mix. Notably, Qualcomm stock was up 5% year to date (YTD) heading into the session, meaning today’s move accounts for essentially all of that advance. Qualcomm’s market capitalization sits near $189.7 billion against Broadcom’s $1.755 trillion, framing the scale gap between the two AI silicon stories.

Amazon Deal Validates Qualcomm’s Data-Center Push Deal details include customized silicon built for AI inference at hyperscale, plus high-performance optical connectivity that leans on Qualcomm’s SerDes and optical DSP portfolio. Qualcomm will also deepen its own use of AWS for electronic design automation workloads, which management pitches as a way to compress chip design cycles. CEO Cristiano Amon said data center infrastructure needs advances in both computing and connectivity to deliver greater performance with more efficiency.

Amon has been steering the company toward a $40 billion non-handset revenue target by fiscal 2029, with the data center as the accelerator. On the July earnings call, he guided non-handset revenue growth to accelerate from 24% in fiscal 2026 to greater than 60% in fiscal 2027, and flagged data-center revenue of $5 billion in fiscal 2027 rising to $15 billion by fiscal 2029. The Amazon collaboration appears to confirm and expand the hyperscaler custom silicon engagement Qualcomm previewed on its Q2 FY2026 call.

Broadcom’s Read-Through and the Custom Silicon Category Broadcom is the incumbent in custom AI accelerators and hyperscaler networking, so a fresh Qualcomm win could easily have been read as share migration away from the leader. Instead, Broadcom shares are climbing alongside Qualcomm, which points to broad validation of the custom silicon category across suppliers.

Broadcom’s own numbers make the demand backdrop clear. Last week, the company posted AI semiconductor revenue of $16.7 billion, up 221% year over year (YoY), and guided Q4 FY2026 AI revenue to approximately $21.7 billion. CEO Hock Tan told analysts “demand for our custom AI accelerators and networking continues to be very strong.”

The optical connectivity dimension of the Qualcomm-Amazon deal overlaps directly with Broadcom’s dominant optical DSP franchise. On its September earnings call, Broadcom management flagged Tomahawk 6 deployments at essentially every AI hyperscaler and said demand for EML and CW lasers is far outstripping industry supply, which frames the connectivity buildout as a rising-tide dynamic across suppliers (we profiled seven companies riding that same AI infrastructure buildout, from power to cooling to networking, in a free report here).

Amazon, for its part, keeps stacking silicon suppliers to lower the cost of inference and preserve customer choice. CEO Andy Jassy said on the July call that AI and Chips businesses each exceeded $25 billion annualized run rates growing triple-digit percentages, with OpenAI committing roughly 2 gigawatts of Trainium capacity and Anthropic up to 5 gigawatts. Qualcomm now joins Trainium and Graviton in the AWS chip roster, giving the lineup another optionality lever without dislodging incumbent silicon programs.

What to Watch The immediate question is whether Qualcomm’s morning gain holds into the close. The announcement didn’t carry committed volume, disclosed revenue, or a delivery timetable, and that gap is precisely what would turn a credential into an earnings line. Analyst notes on non-handset ramp acceleration should shape the next leg for Qualcomm shares.

Investors sizing their exposure to the AI silicon trade may want to watch for durability in Broadcom’s sympathy move, since the incumbent’s reaction is the cleanest read on how this deal gets framed. Furthermore, traders can keep an eye on the stock for any Amazon commentary that quantifies volumes or timelines, which would push the story from category validation toward a countable revenue line.

Given the absence of hard volume or delivery details, keeping their position sizing modest makes sense until Qualcomm quantifies the ramp. Qualcomm stock carries a P/E ratio near 33x, which already prices in some data-center optimism, so any disappointment on cadence could cool sentiment quickly.

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Nvidia: Sustained Global Revenue ExpansionNvidia (NVDA -2.01%) primarily generates revenue by designing advanced graphics processors, accelerating computational networking solutions, and providing extensive software ecosystems for personal computing, enterprise workstations, automated automotive systems, and massive data centers globally.

While entering a definitive agreement to acquire Hugging Face, advancing new supercomputing architectures, and dealing with fresh regulatory inquiries regarding its business practices, it reported an operating margin of 66% for the quarter ended July 26, 2026.

Broadcom: Steady Digital Revenue ProgressBroadcom (AVGO +2.98%) primarily generates revenue by developing an extensive array of digital and analog semiconductor components, while also supplying critical infrastructure software architectures to telecommunications, data center, and corporate networking clients worldwide.

It expanded its enterprise software footprint through a long-term strategic cloud infrastructure agreement with Standard Chartered, executed a planned executive leadership transition with its Chief Financial Officer, and reported an operating margin of 54% for the quarter ended Aug. 2, 2026.

Why Revenue Matters for InvestorsRevenue helps everyday investors understand whether a business is successfully expanding its overall sales volume over time before accounting for any subsequent operational expenses, internal overhead costs, or corporate taxes. This metric helps investors measure a company's overall size, market footprint, and long-term trajectory.

Quarterly Revenue Trends for Nvidia and BroadcomCalendar quarterNvidia RevenueBroadcom RevenueQ3 2024$35.1 billion (quarter ended Oct. 27, 2024)$14.1 billion (quarter ended Nov. 3, 2024)Q4 2024$39.3 billion (quarter ended Jan. 26, 2025)$14.9 billion (quarter ended Feb. 2, 2025)Q1 2025$44.1 billion (quarter ended April 27, 2025)$15.0 billion (quarter ended May 4, 2025)Q2 2025$46.7 billion (quarter ended July 27, 2025)$16.0 billion (quarter ended Aug. 3, 2025)Q3 2025$57.0 billion (quarter ended Oct. 26, 2025)$18.0 billion (quarter ended Nov. 2, 2025)Q4 2025$68.1 billion (quarter ended Jan. 25, 2026)$19.3 billion (quarter ended Feb. 1, 2026)Q1 2026$81.6 billion (quarter ended April 26, 2026)$22.2 billion (quarter ended May 3, 2026)Q2 2026$96.2 billion (quarter ended July 26, 2026)$29.6 billion (quarter ended Aug. 2, 2026)Data source: Company filings. Data as of Sept. 8, 2026.

Foolish TakeThe revenue trends for Nvidia and Broadcom reveal both are experiencing accelerated sales growth over time. This expansion is happening on a quarterly basis, demonstrating the unusually strong demand for the solutions offered by these two semiconductor giants.

Both anticipate this trend to continue, thanks to the artificial intelligence boom. Broadcom's sales of $29.6 billion in its fiscal third quarter, ended Aug. 2, was an impressive 86% year-over-year increase, but the company forecasted revenue growth to accelerate to 93% year over year in its fiscal Q4, hitting $34.8 billion.

Nvidia expects to increase sales from $96.2 billion in its fiscal Q2, ended July 26, to about $108 billion in Q3. In fact, the AI chip leader projected 70% year-over-year sales growth in its next fiscal year, and noted this would be higher if not for supply constraints.

These revenue trajectories show no slowdown in AI spending. The semiconductor industry is cyclical, and usually enters a downturn sooner or later. Nvidia may be expanding its role in the AI sector to bolster against this with its recent acquisition of Hugging Face, which deepens its platform reach across the entire artificial intelligence ecosystem.

Corient Private Wealth LP acquired a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,243,891 shares of the semiconductor manufacturer’s stock, valued at approximately $1,335,101,000. Broadcom accounts for 1.0% of Corient Private Wealth LP’s holdings, making the stock its 22nd biggest holding. Corient Private Wealth LP owned 0.24% of Broadcom as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ROSS JOHNSON & Associates LLC increased its position in shares of Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Networth Advisors LLC increased its position 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 acquiring an additional 71 shares during the period. SWAN Capital LLC raised its position in Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Harborfront Financial Group LLC acquired a new stake in Broadcom in the second quarter valued at about $38,000. Finally, Cherry Tree Wealth Management LLC increased its position in Broadcom by 44.9% during the 4th 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets A number of brokerages have recently issued reports on AVGO. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Raymond James Financial reiterated an “outperform” rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday. Royal Bank Of Canada started coverage on Broadcom in a research note on Thursday. They set an “outperform” rating on the stock. KeyCorp restated an “overweight” rating and issued a $575.00 price target on shares of Broadcom in a report on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. Thirty-one analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of “Moderate Buy” and a consensus target price of $500.60.

Get Our Latest Analysis on AVGO Broadcom Trading Down 0.0% Shares of AVGO opened at $357.89 on Monday. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 45.71 and a beta of 1.44. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $383.57 and its 200 day simple moving average is $377.59.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.The firm’s revenue was up 85.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 earnings per share. On average, equities research analysts forecast that Broadcom Inc. will post 10.25 earnings per share for the current year.

Broadcom Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Insider Buying and Selling at Broadcom In other Broadcom news, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $373.57 per share, with a total value of $373,570.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gayla Delly sold 1,890 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. Insiders own 1.90% of the company’s stock.

Broadcom News Summary Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders. Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth. Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle. Broadcom Profile (Free Report)

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.

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AMD is posting explosive AI growth, but one rival is quietly locking in the same hyperscaler customers through a strategy that could shrink AMD's market before anyone notices the ceiling.

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AMD (NASDAQ: AMD | AMD Price Prediction) and Broadcom (NASDAQ: AVGO) both just delivered blockbuster AI quarters, but the two chipmakers are chasing the same dollars from opposite ends. AMD is selling merchant Instinct GPUs and EPYC CPUs into any datacenter that will buy them. Broadcom is co-designing custom silicon inside a handful of hyperscalers. That contrast is why Broadcom poses a structural threat to AMD’s general-purpose GPU story.

Instinct Scales, but Broadcom’s XPUs Land Harder AMD’s Q2 FY2026 revenue hit $11.54 billion, up 50.1% year over year, with Data Center at $6.72 billion and +107% growth. Lisa Su said “Data Center revenue more than doubled year-over-year” and now expects Data Center segment revenue to more than double again in 2027. That is real momentum, and Helios shipments start later in Q3 2026.

Broadcom’s Q3 FY2026 was on a different scale. Revenue reached $29.59 billion, up 85.5% year over year, and AI semiconductor revenue alone was $16.70 billion, growing 221% YoY and 54% sequentially. Hock Tan guided Q4 AI revenue to $21.7 billion, up 236% YoY, and sketched a fiscal 2027 AI outlook near $115 billion with supply already secured. The Q3 operating margin of 67.9% is in a different weight class than AMD’s 27% non-GAAP operating margin.

Merchant GPU Bet vs. Custom Silicon Moat Lens AMD Broadcom Core AI Product Instinct MI350/MI450, Helios racks Custom XPUs, Tomahawk Ethernet Anchor Customers OpenAI, Meta, Anthropic, Microsoft Google, Anthropic, OpenAI, Meta Key Risk Export controls, memory supply, ROCm ecosystem Customer concentration, indebtedness The uncomfortable overlap: three of AMD’s marquee AI customers, OpenAI, Anthropic, and Meta, are also building custom accelerators with Broadcom. Tan argued that a co-developed XPU “will outperform any GPU” and can run at “half the cost of a GPU”. If frontier labs shift training and inference to their own silicon, AMD’s total addressable market at those accounts shrinks even as it ships MI450s.

2027 Ramp Is the Real Signal to Track The near-term optics favor AMD. Shares are up 195.18% over one year and 135.63% over six months, while Broadcom has cooled, down 14.44% in the past month. I want to see whether Helios yields improve on schedule and whether AMD’s $1.4 trillion 2030 AI accelerator TAM assumption holds once Broadcom is delivering multi-tens of billions of TPUs to Google annually.

Why I Would Own Broadcom for the Structural Story Personally, I lean Broadcom here. The $13.66 billion free cash flow quarter, the 15th consecutive dividend increase, and a customer roster that is effectively pre-selling 2028 capacity give it a defensive quality AMD cannot match yet. AMD is the more exciting story, especially if you believe merchant GPUs win outside the top four labs, and Reddit’s bullish sentiment scores of 72 and 74 reflect that enthusiasm. But if custom accelerators keep eating frontier workloads, Broadcom is the one collecting the toll. I would rather own the toll booth (we reverse-engineered what the biggest tech winners looked like early and put the traits into a free playbook you can grab here).

Contact [email protected] for any questions or corrections.

Legal & General Group Plc bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,762,138 shares of the semiconductor manufacturer’s stock, valued at approximately $11,998,148,000. Broadcom comprises approximately 2.5% of Legal & General Group Plc’s investment portfolio, making the stock its 6th largest position. Legal & General Group Plc owned about 0.67% of Broadcom at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AVGO. ROSS JOHNSON & Associates LLC raised its stake in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. SWAN Capital LLC boosted 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 purchasing an additional 55 shares in the last quarter. Networth Advisors LLC grew its holdings in shares of Broadcom by 546.2% during 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 last quarter. Harborfront Financial Group LLC bought a new stake in shares of Broadcom during the 2nd quarter valued at approximately $38,000. Finally, Cherry Tree Wealth Management LLC increased its position in Broadcom by 44.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance AVGO stock opened at $357.89 on Friday. The company has a market capitalization of $1.70 trillion, a P/E ratio of 45.71, a PEG ratio of 0.68 and a beta of 1.44. The company has a fifty day moving average price of $383.57 and a 200-day moving average price of $377.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.01 and a current ratio of 2.50. Broadcom Inc. has a 52-week low of $289.96 and a 52-week high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. As a group, equities analysts expect that Broadcom Inc. will post 10.25 EPS for the current year. Broadcom Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 43.33%.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders. Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth. Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle. Insider Buying and Selling In related news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gayla Delly sold 1,890 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares in the company, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock valued at $24,016,214 over the last three months. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth A number of analysts have weighed in on AVGO shares. Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a report on Thursday. Wall Street Zen downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Truist Financial reduced their price objective on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $505.00 target price (up from $502.00) on shares of Broadcom in a report on Thursday. Thirty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and an average target price of $500.60.

Check Out Our Latest Analysis on AVGO

Broadcom Company Profile (Free Report)

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.

See Also Five stocks we like better than Broadcom Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst

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Fiduciary Financial Advisors purchased a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,217 shares of the semiconductor manufacturer’s stock, valued at approximately $8,012,000. Broadcom comprises 0.8% of Fiduciary Financial Advisors’ investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Advisors LLC acquired a new position in Broadcom during the second quarter valued at approximately $92,522,000. Bank of America Corp DE increased its position in shares of Broadcom by 1.5% in the first quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after acquiring an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Broadcom in the second quarter worth $3,302,000. Bartlett & CO. Wealth Management LLC raised its stake in shares of Broadcom by 129.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after acquiring an additional 62,050 shares during the period. Finally, First Bank & Trust raised its stake in shares of Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock valued at $3,968,000 after acquiring an additional 1,545 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes A number of analysts recently weighed in on AVGO shares. Lake Street Capital raised shares of Broadcom to a “buy” rating in a research report on Thursday. Truist Financial cut their price objective on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. Jefferies Financial Group assumed coverage on Broadcom in a research report on Thursday. They issued a “buy” rating for the company. Finally, KeyCorp reiterated an “overweight” rating and issued a $575.00 target price on shares of Broadcom in a research note on Thursday. Thirty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $500.60.

View Our Latest Research Report on Broadcom Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders. Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth. Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle. Broadcom Stock Performance Broadcom stock opened at $357.89 on Friday. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.01. The company has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 45.71, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The firm’s fifty day moving average price is $383.57 and its 200 day moving average price is $377.23.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The company had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The firm’s revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 EPS. On average, research analysts forecast that Broadcom Inc. will post 10.25 EPS for the current fiscal year.

Broadcom Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Insiders Place Their Bets In related news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock valued at $24,016,214 over the last 90 days. 1.90% of the stock is owned by company insiders.

About Broadcom (Free Report)

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.

Featured Stories Five stocks we like better than Broadcom Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst

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GSG Advisors LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,090 shares of the semiconductor manufacturer’s stock, valued at approximately $2,301,000. Broadcom comprises approximately 0.5% of GSG Advisors LLC’s holdings, making the stock its 28th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Advisors LLC purchased a new stake in Broadcom in the 2nd quarter worth approximately $92,522,000. Bank of America Corp DE increased its position in Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock worth $18,179,719,000 after purchasing an additional 894,564 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at $3,302,000. Bartlett & CO. Wealth Management LLC raised its position in Broadcom by 129.3% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after purchasing an additional 62,050 shares during the period. Finally, First Bank & Trust lifted its position in Broadcom by 17.2% during the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock worth $3,968,000 after acquiring an additional 1,545 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance Shares of AVGO opened at $357.89 on Friday. The company has a 50-day moving average of $383.57 and a two-hundred day moving average of $377.23. The stock has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.71, a PEG ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.01. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. Broadcom had a return on equity of 48.33% and a net margin of 42.94%.Broadcom’s revenue for the quarter was up 85.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.69 earnings per share. On average, equities research analysts expect that Broadcom Inc. will post 10.25 earnings per share for the current year. Broadcom Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is 43.33%.

Analyst Upgrades and Downgrades AVGO has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $505.00 price target (up from $502.00) on shares of Broadcom in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Truist Financial cut their price objective on shares of Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Erste Group Bank reiterated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. Thirty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $500.60.

Get Our Latest Research Report on AVGO

Insider Activity at Broadcom In other news, Director Justine Page sold 1,602 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the transaction, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry L. You bought 1,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $373.57 per share, for a total transaction of $373,570.00. Following the completion of the transaction, the director owned 38,466 shares in the company, valued at approximately $14,369,743.62. The trade was a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Investor interest in Broadcom’s AI opportunity remains strong. AI semiconductor revenue surged 221% year over year to $16.7 billion, while management raised its AI revenue outlook to approximately $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Several analysts and commentators view the selloff as a buying opportunity. The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story Positive Sentiment: Analysts continue to see substantial upside despite some target reductions. Truist maintained a buy rating with a $520 target, while other firms cited targets ranging from $575 to $600. Macquarie upgraded Broadcom to Outperform, citing strong custom-chip growth and reduced concerns about customers developing chips internally. These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings Positive Sentiment: Unusual options activity provided another bullish trading signal: investors purchased roughly 373,000 call options, about 26% above average call volume. Broadcom also declared a quarterly dividend of $0.65 per share, payable September 30 to eligible shareholders. Neutral Sentiment: Broadcom beat quarterly expectations with adjusted earnings of $3.32 per share versus a $3.22 consensus and revenue of $29.59 billion. The company’s long-term AI demand commentary was strong, but investors are focused on whether supply, power, land and data-center construction constraints can limit near-term shipments. Broadcom CEO Says AI Demand Could Be Significantly Higher Negative Sentiment: The main pressure remains Broadcom’s fourth-quarter revenue outlook of $34.8 billion, slightly below Wall Street’s roughly $35.0 billion expectation. The modest guidance miss, concerns about margin compression and customer concentration—including major AI customers—caused the initial sell-the-news reaction despite excellent AI growth. Negative Sentiment: Third Point disclosed that it exited its remaining Broadcom position during the second quarter. Although the holding was relatively small, the sale adds to caution around elevated valuation and expectations for the AI-chip cycle. About Broadcom (Free Report)

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.

Featured Articles Five stocks we like better than Broadcom Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

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Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,533,500 shares of the semiconductor manufacturer’s stock, valued at approximately $579,280,000. Broadcom comprises approximately 1.1% of Connor Clark & Lunn Investment Management Ltd.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Broadcom during the fourth quarter worth about $24,252,196,000. Bank of New York Mellon Corp purchased a new stake in Broadcom in the 2nd quarter worth approximately $10,528,191,000. Deutsche Bank AG purchased a new stake in Broadcom in the 2nd quarter worth approximately $5,661,216,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $4,457,583,000. Finally, Cardano Risk Management B.V. lifted its stake in shares of Broadcom by 895.2% in the 4th quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after purchasing an additional 11,414,701 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Insider Activity at Broadcom In related news, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Brazeal sold 25,000 shares of the business’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 value of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last ninety days. Insiders own 1.90% of the company’s stock. Wall Street Analyst Weigh In Several analysts recently commented on the stock. Raymond James Financial restated an “outperform” rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday. Rosenblatt Securities initiated coverage on Broadcom in a research report on Thursday. They set a “buy” rating and a $600.00 target price on the stock. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial lowered their price target on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday. They issued an “outperform” rating on the stock. Thirty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.77.

View Our Latest Stock Analysis on AVGO

Broadcom Trading Down 2.7% Shares of AVGO opened at $357.16 on Friday. The firm has a 50-day moving average price of $383.71 and a 200 day moving average price of $377.36. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 45.61, a P/E/G ratio of 0.70 and a beta of 1.44. 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 Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the business posted $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. Sell-side analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 43.33%.

Broadcom Company Profile (Free Report)

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.

See Also Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

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Asset One Wealth Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,032 shares of the semiconductor manufacturer’s stock, valued at approximately $9,475,000. Broadcom accounts for about 1.0% of Asset One Wealth Management LLC’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $92,522,000. Bank of America Corp DE lifted its holdings in Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in Broadcom during the 2nd quarter valued at $3,302,000. Bartlett & CO. Wealth Management LLC boosted its position in Broadcom by 129.3% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after purchasing an additional 62,050 shares during the period. Finally, First Bank & Trust boosted its position in Broadcom by 17.2% during the second quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock worth $3,968,000 after purchasing an additional 1,545 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Analysts Set New Price Targets Several equities analysts have recently weighed in on AVGO shares. Cantor Fitzgerald increased their price objective on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna reaffirmed a “positive” rating and set a $490.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. BMO Capital Markets increased their price target on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho raised their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Thirty-one equities research 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 company has an average rating of “Moderate Buy” and an average price target of $501.77. Check Out Our Latest Stock Analysis on Broadcom

Broadcom Price Performance NASDAQ:AVGO opened at $357.16 on Friday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 0.70 and a beta of 1.44. The firm’s 50-day simple moving average is $383.71 and its 200 day simple moving average is $377.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted 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 42.94% and a return on equity of 50.76%. The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the firm posted $1.69 EPS. The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, sell-side analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is currently 43.33%.

Insider Buying and Selling In related news, 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 acquisition, the director owned 38,466 shares in the company, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Company Profile (Free Report)

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.

Read More Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.

Elefante Mark B purchased a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,597 shares of the semiconductor manufacturer’s stock, valued at approximately $2,114,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. United Bank lifted its position in Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares during the period. Sivia Capital Partners LLC boosted its holdings in Broadcom by 10.1% in the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC boosted its holdings in Broadcom by 10.5% in the second quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

Broadcom Trading Down 2.7% NASDAQ:AVGO opened at $357.16 on Friday. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The business has a fifty day moving average price of $383.71 and a 200-day moving average price of $377.36. The firm has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. 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 (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business earned $1.69 earnings per share. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. Sell-side analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 43.33%.

Analyst Upgrades and Downgrades A number of brokerages have weighed in on AVGO. Wells Fargo & Company reiterated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Lake Street Capital raised Broadcom to a “buy” rating in a report on Thursday. Finally, Bank of America raised their target price on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Thirty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.77.

View Our Latest Research Report on AVGO

Key Headlines Impacting Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position About Broadcom (Free Report)

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.

Featured Stories Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.

Blue Whale Capital LLP acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 530,478 shares of the semiconductor manufacturer’s stock, valued at approximately $200,388,000. Broadcom comprises about 6.4% of Blue Whale Capital LLP’s portfolio, making the stock its 5th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. ROSS JOHNSON & Associates LLC boosted its holdings in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Networth Advisors LLC grew its position in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. SWAN Capital LLC increased 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 buying an additional 55 shares during the last quarter. Harborfront Financial Group LLC bought a new position in shares of Broadcom during the 2nd quarter worth approximately $38,000. Finally, Cherry Tree Wealth Management LLC lifted its position in shares of Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 40 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have recently weighed in on AVGO shares. Susquehanna restated a “positive” rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Fox Advisors upgraded Broadcom to an “outperform” rating in a report on Thursday. UBS Group cut Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp restated an “overweight” rating and issued a $575.00 price objective on shares of Broadcom in a research note on Thursday. Finally, Evercore set a $578.00 target price on Broadcom in a research report on Thursday. Thirty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.77.

View Our Latest Analysis on AVGO Broadcom Trading Down 2.7% Shares of AVGO stock opened at $357.16 on Friday. 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 market cap of $1.70 trillion, a P/E ratio of 45.61, a PEG ratio of 0.70 and a beta of 1.44. The company has a 50 day moving average of $383.71 and a 200-day moving average of $377.36. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the business earned $1.69 earnings per share. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. Sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s dividend payout ratio is currently 43.33%.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Insider Transactions at Broadcom In other news, Director Gayla Delly sold 1,890 shares of the 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 owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider directly 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. Additional details regarding this sale 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 90 days. 1.90% of the stock is owned by insiders.

Broadcom Profile (Free Report)

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.

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George Kaiser Family Foundation bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,855 shares of the semiconductor manufacturer’s stock, valued at approximately $1,834,000. Broadcom makes up about 0.2% of George Kaiser Family Foundation’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. ROSS JOHNSON & Associates LLC raised its stake in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Networth Advisors LLC boosted its stake in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. SWAN Capital LLC grew its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter worth $38,000. Finally, Cherry Tree Wealth Management LLC raised its position 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 acquiring an additional 40 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance Shares of NASDAQ AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company has a 50-day simple moving average of $384.15 and a 200-day simple moving average of $377.14.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year. Analysts Set New Price Targets A number of equities research analysts have commented on AVGO shares. Evercore reissued an “outperform” rating and issued a $582.00 target price on shares of Broadcom in a report on Tuesday, May 19th. Truist Financial increased their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. KeyCorp reiterated 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. Susquehanna reissued a “positive” rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $491.97.

View Our Latest Research Report on AVGO

Broadcom News Roundup Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Insiders Place Their Bets In other 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 value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

About Broadcom (Free Report)

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.

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Foyston Gordon & Payne Inc purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 67,215 shares of the semiconductor manufacturer’s stock, valued at approximately $25,488,000. Broadcom makes up 5.5% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 2nd largest position.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Broadcom during the 4th quarter valued at $24,252,196,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the second quarter worth $10,528,191,000. Deutsche Bank AG acquired a new position in Broadcom during the second quarter worth $5,661,216,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Broadcom during the second quarter worth $4,457,583,000. Finally, Cardano Risk Management B.V. raised its holdings in Broadcom by 895.2% during the fourth quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after buying an additional 11,414,701 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom In other Broadcom news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Price Performance Shares of NASDAQ:AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 61.21, a PEG ratio of 0.71 and a beta of 1.44. The business has a 50 day moving average price of $384.15 and a 200 day moving average price of $377.14. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business posted $1.69 EPS. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Analyst Upgrades and Downgrades Several analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $525.00 target price on shares of Broadcom in a report on Thursday, June 4th. BMO Capital Markets began coverage on Broadcom in a report on Thursday, August 20th. They set an “outperform” rating and a $455.00 price target on the stock. UBS Group set a $485.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Mizuho boosted their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Twenty-nine 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $491.97.

Read Our Latest Stock Analysis on Broadcom

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Broadcom Company Profile (Free Report)

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.

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Key Takeaways Broadcom sees fiscal 2027 AI semiconductor revenues near $115B, supported by secured supply.Customer demand exceeds AVGO's 2027 outlook, but supply and data center readiness will shape deployments.Broadcom expects AI networking revenues to grow as fast as XPUs over the next few years. Broadcom Inc. (AVGO - Free Report) used its fiscal third-quarter 2026 earnings call to extend the AI story through fiscal 2028, while stressing that supply and data center readiness will determine the pace of deployment.

Third-quarter revenues of $29.59 billion and non-GAAP EPS of $3.32 topped the Zacks Consensus Estimate of $29.47 billion and $3.22, respectively. Management focused more on the execution and durability of AI demand than on the quarterly beat.

AVGO Maps an AI Revenue Doubling PathPresident and CEO Hock Tan expects fiscal fourth-quarter AI semiconductor revenues of $21.7 billion, up 236% year over year, and consolidated revenues of $34.8 billion, up 93%. Fiscal 2026 AI revenues are now expected at $58 billion, above the prior $56 billion guidance.

For fiscal 2027, Tan said Broadcom has secured supply to support about $115 billion of AI semiconductor revenues. Customer demand exceeds that outlook, and management plans to work on expanding supply.

Broadcom also outlined about $230 billion of AI semiconductor revenues for fiscal 2028. Tan framed the figures as a growth trajectory and tied realization to actual data center deployment readiness.

Broadcom Details the XPU Customer Ramp-UpCEO Tan said the Google relationship now includes a long-term agreement covering future TPU generations and AI networking, with multi-tens of billions of dollars of TPUs planned annually over the next several years.

Anthropic is expected to deploy another 5 gigawatts of TPU version 8i in 2027 after 1 gigawatt of Ironwood in 2026, followed by an incremental 10 gigawatts in 2028.

OpenAI is on track for 1.3 gigawatts of Jalapeno in 2027 and more than 5 gigawatts in 2028. Meta remains on track for three MTIA generations and 3 gigawatts through 2028.

AVGO Puts Supply Discipline Behind the OutlookA Morgan Stanley analyst asked whether the fiscal 2027 AI outlook could move higher. Tan said customers want more product, but Broadcom based its outlook on secured supply and deployments it believes can be completed.

A Jefferies analyst asked about substrate capacity. Tan said Broadcom plans to begin deploying its Singapore substrate fab in fiscal 2027 to address a key supply bottleneck.

Goldman Sachs and Truist analysts focused on infrastructure constraints. Tan said land, power and shell can dictate timing, while leading-edge wafers, substrates, HBM and system memory add further supply-chain variables.

Broadcom Extends Ethernet Across AI ClustersPresident of Semiconductor Solutions Charlie Kawwas said both 100-gig and 200-gig Tomahawk 6 versions are deployed across AI hyperscalers building XPUs with Broadcom, and among customers using other accelerators.

Kawwas said Tomahawk Ultra is entering scale-up applications in the current quarter and fiscal 2027. He cited deployments across XPU clusters and some GPU clusters, using Ethernet as an open interconnect.

Tan added that AI networking revenues are expected to grow as fast as XPUs over the next few years. Broadcom also taped out Tomahawk 7, its 200-terabit-per-second Ethernet switch.

AVGO Balances Margin Dilution and AI FinancingChief financial officer Amie Thuener guided fiscal fourth-quarter consolidated gross margin to about 73% as XPUs and higher memory content increase their mix. Non-GAAP operating margin is expected near 66%.

Tan reinforced the operating-leverage focus in Q&A, noting that revenue growth is outpacing the operating spending required to support the AI ramp-up. Third-quarter non-GAAP operating margin was 67.9%.

Thuener said the XPV financing platform will be evaluated deal by deal. The first $35 billion tranche supports Anthropic's 1-gigawatt deployment, while future structures may include modest residual-value guarantees.

Broadcom Keeps Execution at the CenterManagement combined aggressive AI capacity plans with explicit execution controls. Customer commitments, secured supply and data center construction schedules shape the fiscal 2027 and 2028 revenue framework.

Broadcom is also funding substrate and optical capacity while protecting operating leverage. The call centered on scaling custom compute and networking together, with supply discipline shaping how quickly demand converts to revenues.

Zacks Signals for AVGOAVGO carries a Zacks Rank #3 (Hold), with a Growth Score of B and Value, Momentum and VGM Scores of D. Zacks' framework treats A and B Style Scores as more favorable, while a Rank #3 can still be held with the same grade hierarchy applied. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The B Growth Score is the strongest Style Score signal, while the D ratings temper the broader profile. The Zacks Rank can change as earnings-estimate revisions incorporate the just-reported results, so the current reading should be viewed as dynamic rather than permanent.

Broadcom Inc. (AVGO) Q3 2026 Earnings Call September 2, 2026 5:00 PM EDT

Company Participants

Ji Yoo - Director of Investor Relations
Hock Tan - President, CEO & Executive Director
Amie O'Toole - Chief Financial Officer
Charlie Kawwas - President of Semiconductor Solutions

Conference Call Participants

Joseph Moore - Morgan Stanley, Research Division
Blayne Curtis - Jefferies LLC, Research Division
Harlan Sur - JPMorgan Chase & Co, Research Division
Stacy Rasgon - Bernstein Institutional Services LLC, Research Division
Jack Adair - Melius Research LLC
Vivek Arya - BofA Securities, Research Division
Thomas O'Malley - Barclays Bank PLC, Research Division
William Stein - Truist Securities, Inc., Research Division
Joshua Buchalter - TD Cowen, Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Vijay Rakesh - Mizuho Securities USA LLC, Research Division

Presentation

Operator

Welcome to Broadcom Inc.'s Third Quarter Fiscal Year 2026 Financial Results Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom Inc. Please go ahead.

Ji Yoo
Director of Investor Relations

Thank you, Cheri, and good afternoon, everyone. Joining me on today's call are Hock Tan, President and CEO; Amie Thuener, Chief Financial Officer; and Charlie Kawwas, President, Semiconductor Solutions Group. Broadcom distributed a press release and financial tables after the market closed, describing our financial performance for the third quarter fiscal year 2026. If you did not receive a copy, you may obtain the information from the Investors section of Broadcom's website at broadcom.com. This conference call is being webcast live, and an audio replay of the call can be accessed for 1 year through the Investors section of Broadcom's website.

During the prepared comments, Hock and Amie will be providing details of our third quarter fiscal year 2026 results, guidance for our fourth quarter of fiscal year 2026 as well

Revenue of $29.6 billion for the third quarter, up 86 percent from the prior year period GAAP operating income of $16.0 billion for the third quarter; Non-GAAP operating income of $20.1 billion for the third quarter GAAP diluted EPS of $2.68 for the third quarter; Non-GAAP diluted EPS of $3.32 for the third quarter Cash from operations of $14.2 billion for the third quarter, less capital expenditures of $0.5 billion, resulted in $13.7 billion of free cash flow, or 46 percent of revenue Quarterly common stock dividend of $0.65 per share Fourth quarter fiscal year 2026 revenue guidance of approximately $34.8 billion, an increase of 93 percent from the prior year period Fourth quarter fiscal year 2026 Non-GAAP operating income guidance of approximately 66 percent of projected revenue (1) , /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2026, ended August 2, 2026, provided guidance for its fourth quarter of fiscal year 2026 and announced its quarterly dividend.

"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter," said Hock Tan, President and CEO of Broadcom Inc. "In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year."

"Broadcom achieved record revenue, operating profit and free cash flow in Q3. We delivered non-GAAP operating income growth of 92% year-over-year, as consolidated revenue grew 86% year-over-year to $29.6 billion," said Amie Thuener, CFO of Broadcom Inc. "Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%, flat from a year ago."  

__________________________________________________________________________________________________________________________________

(1) The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures presented to the relevant projected GAAP measures
without unreasonable effort.

Third Quarter Fiscal Year 2026 Financial Highlights

GAAP

Non-GAAP

(Dollars in millions, except per share data)

Q3 26

Q3 25

Change   

Q3 26

Q3 25

Change   

Net revenue

$

29,591

$

15,952

+86

%

$

29,591

$

15,952

+86

%

Operating income

$

15,955

$

5,887

+171

%

$

20,095

$

10,455

+92

%

Net income

$

13,088

$

4,140

+216

%

$

16,372

$

8,404

+95

%

Earnings per common share - diluted

$

2.68

$

0.85

+215

%

$

3.32

$

1.69

+96

%

(Dollars in millions)

Q3 26

Q3 25

Change   

Cash flow from operations                                                            

$

14,197

$

7,166

+98

%

Free cash flow

$

13,665

$

7,024

+95

%

Net revenue by segment

(Dollars in millions)

Q3 26

Q3 25

Change   

Semiconductor solutions                                                        

$

20,839

70

%

$

9,166

57

%

+127

%

Infrastructure software

8,752

30

6,786

43

+29

%

Total net revenue

$

29,591

100

%

$

15,952

100

%

The Company's cash and cash equivalents at the end of the fiscal quarter were $24.0 billion, compared to $19.6 billion at the end of the prior fiscal quarter.

During the third fiscal quarter, the Company generated $14.2 billion in cash from operations and spent $0.5 billion on capital expenditures, resulting in $13.7 billion of free cash flow.

On June 30, 2026, the Company paid a cash dividend of $0.65 per share, totaling $3.1 billion.

The differences between the Company's GAAP and non-GAAP results are described generally under "Non-GAAP Financial Measures" below and presented in detail in the financial reconciliation tables attached to this release.

Fourth Quarter Fiscal Year 2026 Business Outlook

Based on current business trends and conditions, the outlook for the fourth quarter of fiscal year 2026, ending November 1, 2026, is expected to be as follows:

Fourth quarter revenue guidance of approximately $34.8 billion; Fourth quarter non-GAAP operating income guidance of approximately 66 percent of projected revenue. The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures to the relevant projected GAAP measures without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Quarterly Dividends

The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on September 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on September 21, 2026.

Financial Results Conference Call

Broadcom Inc. will host a conference call to review its financial results for the third quarter of fiscal year 2026 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom's website at https://investors.broadcom.com/.

Non-GAAP Financial Measures

The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. When possible, a reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. The Company is not readily able to provide a reconciliation of projected non-GAAP measures to the comparable GAAP measures without unreasonable effort. Broadcom believes non-GAAP financial information provides additional insight into the Company's on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company's on-going operations and enable more meaningful period to period comparisons.   

In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company's underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company's operations, and benchmarking performance externally against the Company's competitors. The exclusion of these and other similar items from Broadcom's non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom's free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations' complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, our plans and expectations with regard to our share repurchases, and other statements identified by words such as "will," "expect," "believe," "anticipate," "estimate," "should," "intend," "plan," "potential," "predict," "project," "aim," and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom's management, current information available to Broadcom's management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in these forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; cyclicality in the semiconductor industry undergoing profound change due to AI; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; the slow or unsuccessful return on our research and development investments, expansion of our business strategy or adoption of new business models; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; our ability to continue winning business in the semiconductor solutions industry; our ability to accurately estimate customers' demand and adjust our manufacturing and supply chain accordingly; dependence on senior management and our ability to attract and retain qualified personnel; our ability to maintain or improve gross margin; our ability to protect against cybersecurity threats and a breach of security systems; prolonged disruptions of our, our customers' or our suppliers' facilities or other significant operations; our ability to maintain appropriate manufacturing capacity and quality; dependence on and risks associated with distributors and other channel partners of our products; ability of our software portfolio to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our software, services and business strategy; competitiveness of our software solutions and compatibility of our software with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our software and services; sales to government customers; our ability to manage our software solutions and services lifecycles; our competitive performance; quarterly and annual fluctuations in operating results; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; involvement in legal proceedings; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; corporate responsibility matters; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; the amount and frequency of our share repurchase program; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Our filings with the SEC, which are available without charge at the SEC's website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Ji Yoo
Broadcom Inc.
Investor Relations
650-427-6000
[email protected]

(AVGO-Q)

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED 

 (IN MILLIONS, EXCEPT PER SHARE DATA) 

 Fiscal Quarter Ended 

Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

August 3,

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Net revenue

$

29,591

$

22,187

$

15,952

$

71,089

$

45,872

Cost of revenue:

Cost of revenue

7,624

5,301

3,704

17,604

10,273

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Restructuring charges

12

10

26

35

68

Total cost of revenue

9,135

6,772

5,249

22,061

14,827

Gross margin

20,456

15,415

10,703

49,028

31,045

Research and development

2,895

2,995

3,050

8,855

7,996

Selling, general and administrative

996

1,055

1,072

3,070

3,104

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Restructuring and other charges

103

71

187

277

445

Total operating expenses

4,501

4,627

4,816

13,722

13,069

Operating income

15,955

10,788

5,887

35,306

17,976

Interest expense

(778)

(776)

(807)

(2,355)

(2,449)

Other income, net

98

118

205

649

333

Income before income taxes

15,275

10,130

5,285

33,600

15,860

Provision for income taxes

2,187

820

1,145

3,853

1,252

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Net income per share:

Basic

$

2.75

$

1.96

$

0.88

$

6.26

$

3.10

Diluted

$

2.68

$

1.91

$

0.85

$

6.09

$

3.02

Weighted-average shares used in per share calculations:

Basic

4,766

4,747

4,714

4,752

4,705

Diluted

4,887

4,876

4,860

4,884

4,841

Stock-based compensation expense:

Cost of revenue

$

224

$

223

$

251

$

683

$

607

Research and development

1,344

1,395

1,573

4,186

3,564

Selling, general and administrative

451

474

498

1,418

1,202

Total stock-based compensation expense

$

2,019

$

2,092

$

2,322

$

6,287

$

5,373

 BROADCOM INC. 

 FINANCIAL RECONCILIATION: GAAP TO NON-GAAP - UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Gross margin on GAAP basis

$

20,456

$

15,415

$

10,703

$

49,028

$

31,045

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Stock-based compensation expense

224

223

251

683

607

Restructuring charges

12

10

26

35

68

Gross margin on non-GAAP basis

$

22,191

$

17,109

$

12,499

$

54,168

$

36,206

Research and development on GAAP basis

$

2,895

$

2,995

$

3,050

$

8,855

$

7,996

Stock-based compensation expense

1,344

1,395

1,573

4,186

3,564

Research and development on non-GAAP basis

$

1,551

$

1,600

$

1,477

$

4,669

$

4,432

Selling, general and administrative expense on GAAP basis

$

996

$

1,055

$

1,072

$

3,070

$

3,104

Stock-based compensation expense

451

474

498

1,418

1,202

Acquisition-related costs

-

-

7

2

204

Selling, general and administrative expense on non-GAAP basis

$

545

$

581

$

567

$

1,650

$

1,698

Total operating expenses on GAAP basis

$

4,501

$

4,627

$

4,816

$

13,722

$

13,069

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Stock-based compensation expense

1,795

1,869

2,071

5,604

4,766

Restructuring and other charges

103

71

187

277

445

Acquisition-related costs

-

-

7

2

204

Total operating expenses on non-GAAP basis

$

2,096

$

2,181

$

2,044

$

6,319

$

6,130

Operating income on GAAP basis

$

15,955

$

10,788

$

5,887

$

35,306

$

17,976

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

-

-

7

2

204

Operating income on non-GAAP basis

$

20,095

$

14,928

$

10,455

$

47,849

$

30,076

Interest expense on GAAP basis

$

(778)

$

(776)

$

(807)

$

(2,355)

$

(2,449)

Loss on debt extinguishment

75

31

53

161

118

Interest expense on non-GAAP basis

$

(703)

$

(745)

$

(754)

$

(2,194)

$

(2,331)

Other income, net on GAAP basis

$

98

$

118

$

205

$

649

$

333

Excise tax benefit

-

-

-

(315)

-

Gain from sale of business

-

-

(163)

-

(163)

Other

-

-

29

-

8

Other income, net on non-GAAP basis

$

98

$

118

$

71

$

334

$

178

Provision for income taxes on GAAP basis

$

2,187

$

820

$

1,145

$

3,853

$

1,252

Non-GAAP tax reconciling adjustments

931

1,407

223

3,505

2,657

Provision for income taxes on non-GAAP basis

$

3,118

$

2,227

$

1,368

$

7,358

$

3,909

Net income on GAAP basis

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

-

-

7

2

204

Loss on debt extinguishment

75

31

53

161

118

Excise tax benefit

-

-

-

(315)

-

Gain from sale of business

-

-

(163)

-

(163)

Other

-

-

29

-

8

Non-GAAP tax reconciling adjustments

(931)

(1,407)

(223)

(3,505)

(2,657)

Net income on non-GAAP basis

$

16,372

$

12,074

$

8,404

$

38,631

$

24,014

Weighted-average shares used in per share calculations - diluted on GAAP basis

4,887

4,876

4,860

4,884

4,841

Non-GAAP adjustment (1)

50

64

112

61

94

Weighted-average shares used in per share calculations - diluted on non-GAAP basis               ‌

4,937

4,940

4,972

4,945

4,935

Net cash provided by operating activities

$

14,197

$

10,493

$

7,166

$

32,950

$

19,834

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Free cash flow

$

13,665

$

10,262

$

7,024

$

31,937

$

19,448

________________________________________________________________________________________________________________________________________________

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred
in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method.

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(IN MILLIONS)

August 2,

November 2,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

23,975

$

16,178

Trade accounts receivable, net

13,707

7,145

Inventory

4,523

2,270

Other current assets

9,968

5,980

Total current assets

52,173

31,573

Long-term assets:

Property, plant and equipment, net

3,144

2,530

Goodwill

97,801

97,801

Intangible assets, net

26,325

32,273

Other long-term assets

8,705

6,915

Total assets

$

188,148

$

171,092

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

4,000

$

1,560

Employee compensation and benefits

1,506

2,129

Short-term debt

2,252

3,152

Other current liabilities

13,080

11,673

Total current liabilities

20,838

18,514

Long-term liabilities:

Long-term debt

57,167

61,984

Other long-term liabilities

10,453

9,302

Total liabilities

88,458

89,800

Stockholders' equity:

Preferred stock

-

-

Common stock

5

5

Additional paid-in capital

77,330

71,308

Retained earnings

22,151

9,761

Accumulated other comprehensive income                    ‌

204

218

Total stockholders' equity

99,690

81,292

  Total liabilities and equity

$

188,148

$

171,092

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Cash flows from operating activities:

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Adjustments to reconcile net income to net cash provided by operating activities:               ‌

Amortization of intangible and right-of-use assets

2,042

2,002

2,060

6,047

6,116

Depreciation

171

163

142

484

426

Stock-based compensation

2,019

2,092

2,322

6,287

5,373

Deferred taxes and other non-cash taxes

7

(603)

284

(1,051)

(983)

Loss on debt extinguishment

75

31

53

161

118

Non-cash interest expense

65

67

82

204

273

Other

13

3

(23)

31

58

Changes in assets and liabilities, net of acquisitions and disposals:

  Trade accounts receivable, net

(2,859)

(2,370)

(937)

(6,544)

(2,066)

  Inventory

(195)

(1,366)

(163)

(2,253)

(420)

  Accounts payable

1,630

149

136

2,313

(236)

  Employee compensation and benefits

372

270

511

(619)

(110)

  Other current assets and current liabilities

(2,675)

474

(999)

(2,893)

(1,028)

  Other long-term assets and long-term liabilities

444

271

(442)

1,036

(2,295)

Net cash provided by operating activities

14,197

10,493

7,166

32,950

19,834

Cash flows from investing activities:

Proceeds from sale of business

-

-

300

-

300

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Purchases of investments

(619)

(23)

(99)

(756)

(261)

Sales of investments

37

39

51

320

147

Other

1

7

(16)

13

(13)

Net cash provided by (used in) investing activities

(1,113)

(208)

94

(1,436)

(213)

Cash flows from financing activities:

Proceeds from long-term borrowings

-

-

6,960

4,474

10,695

Payments on debt obligations

(5,628)

(1,250)

(6,750)

(10,528)

(14,840)

Proceeds from (repayments of) commercial paper, net

-

-

(3,373)

-

488

Payments of dividends

(3,103)

(3,092)

(2,786)

(9,281)

(8,345)

Repurchases of common stock - repurchase program

-

(600)

-

(8,450)

(2,450)

Shares repurchased for tax withholdings on vesting of equity awards

-

-

(58)

-

(3,860)

Issuance of common stock

-

113

-

113

118

Other

(6)

(2)

(7)

(45)

(57)

Net cash used in financing activities

(8,737)

(4,831)

(6,014)

(23,717)

(18,251)

Net change in cash and cash equivalents

4,347

5,454

1,246

7,797

1,370

Cash and cash equivalents at beginning of period

19,628

14,174

9,472

16,178

9,348

Cash and cash equivalents at end of period

$

23,975

$

19,628

$

10,718

$

23,975

$

10,718

Supplemental disclosure of cash flow information:

Cash paid for interest

$

674

$

695

$

602

$

1,988

$

1,973

Cash paid for income taxes

$

347

$

1,099

$

822

$

2,228

$

1,834

SOURCE Broadcom Inc.

Gambit Capital Management LLC acquired a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,645 shares of the semiconductor manufacturer’s stock, valued at approximately $621,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC lifted its holdings in shares of 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 buying an additional 66 shares during the period. Networth Advisors LLC grew its holdings in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the period. SWAN Capital LLC grew its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC purchased a new position in Broadcom in the second quarter worth $38,000. Finally, Camelot Portfolios LLC purchased a new position in Broadcom in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 0.2% NASDAQ:AVGO opened at $369.68 on Wednesday. Broadcom Inc. has a 52-week low of $287.17 and a 52-week high of $495.00. 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 stock has a fifty day simple moving average of $384.43 and a 200-day simple moving average of $376.88. The company has a market capitalization of $1.76 trillion, a PE ratio of 61.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $22.13 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm’s revenue was up 47.9% on a year-over-year basis. On average, equities research analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year. Insider Buying and Selling at Broadcom In other news, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were 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 $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,644 shares of company stock worth $24,016,214 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom unveiled VMware Private AI Cloud, including VMware AI Factory, AI-ready data foundations and support for more than 150 commercial and open-source models. The platform is designed to reduce AI infrastructure deployment from weeks to hours, improve GPU utilization and give enterprises greater control over AI costs. Broadcom launches private AI cloud tools Positive Sentiment: New VMware capabilities—AgentMinder, vDefend and Avi Load Balancer—target security, identity, governance and observability for autonomous AI agents. The launches could strengthen Broadcom’s position in enterprise hybrid-cloud and private-AI deployments while creating additional infrastructure-software opportunities. Broadcom agentic AI security announcement Positive Sentiment: Broadcom also launched TrueSource, a commercially supported portfolio of verified open-source software covering Spring, Java, Python, Node.js, PostgreSQL, MySQL and other data engines. The offering may expand recurring software revenue and address growing enterprise demand for secure software supply chains. Broadcom TrueSource announcement Neutral Sentiment: Analysts expect another sharp increase in quarterly results, with consensus estimates cited near $29.4 billion in revenue and $3.24 in EPS. Investors will focus on AI-chip demand, hyperscaler custom-ASIC growth, VMware execution, margins and forward guidance when AVGO reports after the market closes on September 2. Broadcom Q3 earnings preview Neutral Sentiment: Optimistic coverage points to a median analyst price target of $525 and potential upside from backlog strength, while technical commentary identifies the current area as important support. However, the stock’s reaction may depend more on results and guidance than on existing bullish targets. Broadcom Wall Street outlook Negative Sentiment: Semiconductor shares broadly weakened as a global bond selloff pushed long-term yields higher, pressuring high-multiple technology stocks. Broadcom also faces elevated expectations, a valuation near 62 times earnings, margin concerns and competitive pressure from Nvidia, Nutanix and Microsoft. Reported insider activity is heavily weighted toward sales, adding another cautionary signal. Semiconductor stocks and rising yields Wall Street Analyst Weigh In Several brokerages have commented on AVGO. Wells Fargo & Company restated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Truist Financial increased their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Mizuho raised their price objective on shares of Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Bank of America boosted their price objective on shares of Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $491.97.

Get Our Latest Research Report on AVGO

About Broadcom (Free Report)

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.

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Broadcom (AVGO -0.18%) reports its fiscal third-quarter results after the close on Wednesday, Sept. 2. Heading into the report, the chip and software giant's trailing-12-month revenue is up 32% to $75.5 billion, extraordinary at this scale.

But the bottom line is moving far faster. Net income over the same period climbed 127% to $29.3 billion -- nearly four times the pace of revenue growth.

About 39 cents of every revenue dollar now lands as profit, up from about 23 cents a year earlier.

Broadcom's disclosures show where that spread comes from, and what Wednesday can and can't settle.

Image source: Getty Images.

Is the profit growth overstated?Part of the 127% is inherited. In the fiscal third quarter of 2024, Broadcom reported a rare $1.9 billion net loss under generally accepted accounting principles (GAAP). The cause was a one-time $4.5 billion noncash tax charge tied to an intellectual property transfer to the United States. That loss sits in the year-ago window and flatters the trailing growth rate.

Strip that charge out, and profit still grew about twice as fast as revenue.

The most recent quarter needed no such help. In the fiscal second quarter, which ended May 3, revenue rose 48% year over year to $22.2 billion while net income climbed 88% to $9.3 billion.

The trend is the stronger evidence, I think. Broadcom's GAAP operating margin has expanded from about 39% of revenue in the year-ago quarter to 44% in this year's fiscal first quarter to nearly 49% in fiscal Q2. That is almost 10 percentage points in a year.

Costs are barely movingThe spread comes from the expense lines. While fiscal Q2 revenue jumped 48%, total operating expenses rose about 6% year over year to $4.6 billion. Research and development spending grew 11%. Selling, general and administrative costs fell. And the noncash amortization from past deals (about $2 billion a quarter) didn't grow at all. A charge that took more than 13% of revenue a year earlier now takes about 9%.

Both segments are contributing. Semiconductor operating income nearly doubled year over year in fiscal Q2, lifting its operating margin from 57% to about 62% on 79% revenue growth.

And infrastructure software (built around VMware) turned 9% revenue growth into 13% profit growth because its costs fell. Its operating margin now sits near 79%, up from about 76% a year earlier.

Notably, the extra profit isn't coming from richer margins on each product sold.

In fact, custom artificial intelligence (AI) accelerators and networking brought in $10.8 billion in fiscal Q2, CEO Hock Tan said, up 143% year over year -- nearly three-quarters of the chip segment's revenue. On the June 3 earnings call, then-chief financial officer Kirsten Spears said consolidated gross margin should decline in fiscal Q3 as AI grows as a share of sales. That is a product-mix effect, she said, not a structural change in chip margins.

In short, the profit surge comes from selling much more without spending much more.

Wednesday will test the spread at $29.4 billion"In Q3 we expect consolidated revenue growth to increase 84% year-over-year to $29.4 billion, with non-GAAP operating margin stable at 67% reflecting our strong operating leverage," Spears said in the company's June 3 earnings release.

Non-GAAP (adjusted) results strip out items like stock-based compensation and deal-related amortization. Even on that friendlier basis, the guide asks a lot: costs stay in check while revenue steps up by about $7 billion from the quarter just reported. Tan expects $16 billion of the quarter's revenue to come from AI, up more than 200% year over year.

Wednesday can settle that much. Does the cost discipline hold at $29.4 billion?

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However, one report can't settle the longer arc. Gross margin pressure from the AI mix could eventually outrun the cost discipline. Expenses may not stay near $4.6 billion forever as its AI revenue keeps doubling. Those answers play out over years.

Meanwhile, at around $369 as of this writing, down about 25% from its 52-week high of $495, the stock trades at about 60 times earnings -- arguably steep, even for growth this fast. But the earnings under that price aren't standing still. Trailing earnings per share more than doubled in a year. If the spread between profit growth and revenue growth holds, that price-to-earnings ratio shrinks quickly.

Ultimately, the spread is disclosed line by line, it has widened for a year, and management's guide calls for a stable non-GAAP operating margin. But at about 60 times earnings, it is also the thing shareholders are paying for. If costs start climbing alongside revenue, profit growth falls back toward revenue growth, and today's price-to-earnings ratio gets hard to defend.

If I owned shares, I'd hold them through Wednesday's report. But I wouldn't buy at this price, and for now I'd call the stock a hold.

Broadcom stock has dropped to a crucial support level, and the upcoming earnings report will help to determine whether the recent retreat will continue or whether the shares will rebound. AVGO trades at $370, down by 25% from its highest point this year.

Broadcom has become one of the biggest technology companies globally, with its market capitalization soaring to over $1.7 trillion. It owns top companies like VMware, CA Technologies, Symantec, and Broadcom Communications. 

The company has emerged as a major player in the artificial intelligence industry, driven by a growing network of strategic partnerships. Most recently, it unveiled Jalapeño, a custom chip developed for OpenAI, which reportedly outperformed Nvidia’s chips in certain performance benchmarks.

Broadcom counts the biggest companies in the world, including large names like Apple, Alphabet, Anthropic, and Microsoft. These partnerships, together with its acquisitions, have helped its revenue continue rising. Its annual revenue has jumped from $27.5 billion in 2021 to $75.4 billion in the trailing twelve months.

The most recent results showed that Broadcom’s revenue jumped by 48% in the second quarter of the year to over $22.18 billion. This growth was driven by a 143% YoY gain from its AI semiconductor business. 

All signs are that the company’s business continued growing in the third quarter as the artificial intelligence spending accelerated. All of its top customers published strong numbers and guidance. 

For example, Apple announced strong financial results, and this growth may continue as it launches a new foldable phone. Also, companies like Google and Amazon all committed to keep spending.

Yahoo Finance data shows that analysts expect the upcoming results to show that its revenue soared by 84% last quarter to $29 billion. Its earnings-per-share (EPS) is also expected to move from $1.69 in Q3’25 to $3.24. Broadcom has a long record of doing better than expected.

Analysts are highly optimistic about Broadcom, with most who track it having a bullish outlook. Royal Bank of Canada has a target of $400, while BMO has a target of $455. The most optimistic analyst is from Evercore who sees the shares jumping to $582, up sharply from where it is today. In a statement this week, BakerAvenue’s King Lip called Broadcom a top pick ahead of its earnings.

The main issue, however, is that Broadcom’s valuation has become quite expensive, meaning that it will need to announce a big beat and raise, and possibly, a bigger buyback.

The company trades with a forward price-to-earnings ratio of 31.7, higher than the sector median of 22.6. Its multiple is also higher than the five-year average. It is also higher than that of other technology companies like Nvidia and Micron.

Broadcom stock | Source: TradingView

The daily chart shows that the AVGO stock peaked at $494 in June and formed an abandoned baby pattern. This pattern is usually one of the most common bearish reversal signs in technical analysis. 

The stock has now plunged and found a strong support level of $356, its lowest level on July 2nd and August 26. This could be a sign that it has formed a double-bottom pattern, a common bullish reversal sign. This support is also along the 61.8% Fibonacci Retracement level and the 200-day moving average.

Therefore, the stock will likely bounce back in the coming days, potentially to the psychological level of $400.

Broadcom (AVGO +0.18%) has been a disappointment for investors so far this year -- the stock is up 6%, but that's only half the performance of the S&P 500, which is up 12% year to date.

However, the semiconductor maker is reporting earnings for its fiscal third quarter after the market close on Sept. 2. And as management previously issued guidance for AI semiconductor revenue to grow more than 200% from a year ago to reach $16 billion, there are plenty of reasons for investors to be paying close attention to Broadcom stock this week.

About Broadcom stockBroadcom is a chipmaker, but it operates in a different lane from Advanced Micro Devices and Nvidia. It designs chips known as application-specific integrated circuits (ASICs) that are customized for Broadcom's customers, so while they aren't as versatile as Nvidia's top-of-the-line chips, they perform the functions its customers require so that they can be made less expensively.

Image source: Getty Images.

One of Broadcom's key customers is Alphabet, with whom Broadcom has worked over the last decade to create Google's Tensor Processing Units (TPUs), as an alternative to Nvidia's chips. Alphabet has been using TPUs in its own infrastructure, and it has begun selling TPU systems to third-party customers.

But here's also the problem for Broadcom. Alphabet and Marvell Technology recently announced a deal in which Marvell issued a warrant that gives Google the right to buy up to 58.9 million Marvell shares at $206.58 per share, or about $12.2 billion. Marvell said in a filing with the Securities and Exchange Commission that the agreement includes products that "attach to the (TPU) ecosystem" and is tied to milestones in its commercial relationship to help Google meet demand for its custom chips.

The filing follows an April report outlining a deal between Marvell and Google for AI workloads, including a TPU and a memory processing unit.

So naturally, there's concern that Alphabet's decision to expand its TPU business through Marvell will hurt Broadcom. Broadcom's stock fell sharply in April on news of the report. Marvell stock, meanwhile, is up 147% this year.

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Morningstar analyst William Kerwin told Reuters that the deal is a "big win" for Marvell, but should be seen as Alphabet expanding its network of chipmaking partners "rather than a competitive displacement of Broadcom."

What to look for when Broadcom reports earningsIt's not like Broadcom has been doing poorly this year. In fact, business has been strong for the chipmaker. Revenue in the fiscal second quarter (ending May 3) was $22.18 billion, up 48% from a year ago. Net income was $9.31 billion, up 88%, and earnings of $1.91 per share were up 85% from the second quarter of 2025.

"Broadcom achieved record revenue, operating profit, and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue and strong operating leverage," CEO Hock Tan said. "Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking.

"The momentum continues, and in Q3 we expect semiconductor revenue from AI to grow over 200% year-over-year to $16 billion," he said.

If Broadcom can hit that number -- $16 billion in semiconductor revenue with 200% growth -- then it would go a long way in easing investors' concerns about Marvell. Alphabet has deep pockets, having recently increased its projected capital expenditures this year from $185 billion to $200 billion, and that doesn't appear to be slowing down anytime soon.

Hitting or exceeding $16 billion in semiconductor revenue would show that demand for Broadcom's custom AI accelerators and networking products remains strong, even as Alphabet expands its relationship with Marvell. And if management issues guidance for continued strong growth in Q4, then the stock's year-to-date underperformance could be a golden opportunity to accumulate shares.

E Fund Management Co. Ltd. bought a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 225,840 shares of the semiconductor manufacturer’s stock, valued at approximately $85,311,000. Broadcom makes up approximately 1.9% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 15th biggest holding.

Other large investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $92,522,000. Bank of America Corp DE grew its holdings in shares of Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Broadcom by 129.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after purchasing an additional 62,050 shares during the last quarter. First Bank & Trust raised its position in Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock worth $3,968,000 after purchasing an additional 1,545 shares during the period. Finally, Fifth Lane Capital LP raised its position in Broadcom by 77.8% in the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer’s stock worth $1,384,000 after purchasing an additional 1,750 shares during the period. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes AVGO has been the subject of several analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Morgan Stanley set a $502.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $400.00 price target on shares of Broadcom in a research report on Wednesday, August 26th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $491.97.

View Our Latest Stock Report on Broadcom Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Mizuho remains bullish ahead of earnings, citing Broadcom’s nearly uninterrupted 30-quarter earnings track record, deeply negative investor sentiment, and the possibility that CEO Hock Tan will directly address concerns about custom ASIC competition and Google’s in-house chips. Mizuho is bullish on Broadcom ahead of Sept. 2 earnings Positive Sentiment: Broadcom’s partnership with OpenAI on the Jalapeño inference chip highlights demand for specialized AI infrastructure. OpenAI says the chip can deliver substantially better performance per watt than comparison systems, potentially supporting Broadcom’s custom-chip and networking growth. Why BNP thinks Jalapeño could benefit Broadcom stock Positive Sentiment: Analysts argue Broadcom offers a better AI risk-reward profile than AMD because of its broader exposure across custom accelerators, networking, and infrastructure software, along with a comparatively lower valuation. Broadcom vs. AMD: Which AI Chip Stock Has the Better Risk-Reward? Positive Sentiment: A new Kyndryl collaboration expands VMware Cloud Foundation’s reach among enterprise customers, reinforcing Broadcom’s private-cloud and software modernization strategy. Broadcom Kyndryl partnership Neutral Sentiment: Royal Bank of Canada reiterated its “Sector Perform” rating, suggesting balanced expectations rather than a strong near-term catalyst. Royal Bank of Canada reiterates Sector Perform Negative Sentiment: Broadcom is reportedly considering $70 billion to $80 billion of debt financing for an AI chip-related transaction involving companies including Anthropic. The potential borrowing could accelerate growth but raises leverage, execution, and repayment risks. Broadcom nears $70B debt financing deal Negative Sentiment: Investors remain concerned that Google’s and other hyperscalers’ internally designed chips could pressure Broadcom’s custom-silicon revenue. Competition from Marvell, NVIDIA, and AMD adds to the risk, while Broadcom’s elevated earnings multiple leaves less room for disappointment. Marvell and Google custom silicon deal Insiders Place Their Bets In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock worth $24,016,214 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Broadcom Stock Performance Shares of AVGO opened at $368.79 on Monday. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 61.47, a PEG ratio of 0.70 and a beta of 1.45. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. 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 fifty day simple moving average of $385.07 and a two-hundred day simple moving average of $376.48.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. On average, research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Broadcom Profile (Free Report)

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.

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Abacus FCF Advisors LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,818 shares of the semiconductor manufacturer’s stock, valued at approximately $12,397,000. Broadcom accounts for 2.3% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 13th biggest position.

Several other large investors have also modified their holdings of the business. ROSS JOHNSON & Associates LLC increased its position in shares of Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. SWAN Capital LLC boosted its position in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new stake in Broadcom in the 2nd quarter valued at approximately $38,000. Finally, Camelot Portfolios LLC purchased a new stake in Broadcom in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets Several research analysts have recently commented on AVGO shares. Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Mizuho boosted their price target on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Finally, TD Cowen reaffirmed a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $491.97.

Get Our Latest Stock Report on Broadcom Broadcom Price Performance Shares of Broadcom stock opened at $368.79 on Monday. Broadcom Inc. has a 52-week low of $287.17 and a 52-week high of $495.00. The company has a 50 day moving average of $385.07 and a 200 day moving average of $376.48. 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 company has a market capitalization of $1.75 trillion, a P/E ratio of 61.47, a P/E/G ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. As a group, research analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is 43.33%.

Insiders Place Their Bets In other Broadcom news, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director directly owned 38,466 shares of the company’s stock, valued at approximately $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Mizuho remains bullish ahead of earnings, citing Broadcom’s nearly uninterrupted 30-quarter earnings track record, deeply negative investor sentiment, and the possibility that CEO Hock Tan will directly address concerns about custom ASIC competition and Google’s in-house chips. Mizuho is bullish on Broadcom ahead of Sept. 2 earnings Positive Sentiment: Broadcom’s partnership with OpenAI on the Jalapeño inference chip highlights demand for specialized AI infrastructure. OpenAI says the chip can deliver substantially better performance per watt than comparison systems, potentially supporting Broadcom’s custom-chip and networking growth. Why BNP thinks Jalapeño could benefit Broadcom stock Positive Sentiment: Analysts argue Broadcom offers a better AI risk-reward profile than AMD because of its broader exposure across custom accelerators, networking, and infrastructure software, along with a comparatively lower valuation. Broadcom vs. AMD: Which AI Chip Stock Has the Better Risk-Reward? Positive Sentiment: A new Kyndryl collaboration expands VMware Cloud Foundation’s reach among enterprise customers, reinforcing Broadcom’s private-cloud and software modernization strategy. Broadcom Kyndryl partnership Neutral Sentiment: Royal Bank of Canada reiterated its “Sector Perform” rating, suggesting balanced expectations rather than a strong near-term catalyst. Royal Bank of Canada reiterates Sector Perform Negative Sentiment: Broadcom is reportedly considering $70 billion to $80 billion of debt financing for an AI chip-related transaction involving companies including Anthropic. The potential borrowing could accelerate growth but raises leverage, execution, and repayment risks. Broadcom nears $70B debt financing deal Negative Sentiment: Investors remain concerned that Google’s and other hyperscalers’ internally designed chips could pressure Broadcom’s custom-silicon revenue. Competition from Marvell, NVIDIA, and AMD adds to the risk, while Broadcom’s elevated earnings multiple leaves less room for disappointment. Marvell and Google custom silicon deal Broadcom Profile (Free Report)

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.

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LAS VEGAS, Aug. 31, 2026 (GLOBE NEWSWIRE) -- VMware Explore 2026 — Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced comprehensive security, identity, and observability capabilities for agentic AI environments running on Private AI Cloud. With AgentMinder, VMware vDefend, and VMware Avi Load Balancer, Broadcom provides advanced, multi-layer cybersecurity solutions designed to govern autonomous AI agents, defend agentic workloads, and protect enterprise Private AI Cloud workloads.

Private AI Cloud delivers a more secure and cost-effective AI infrastructure to run inference workloads and agentic AI. It features the advanced security and automated compliance guardrails to help secure the workloads while helping to prevent data exfiltration and reducing cyber risk across every AI workload. Customers benefit from an agentic AI pipeline to build, run and govern trusted agents to innovate rapidly.

The enterprise attack surface expands dramatically across agents, tools, datastores, and large language models (LLMs) as organizations deploy agentic AI applications using new protocols such as Model Context Protocol (MCP) and agent-to-agent (A2A) communications. Broadcom’s advanced cybersecurity solutions address these emerging blind spots by establishing trusted agent identities, enforcing Zero Trust boundaries, and providing enhanced visibility and granular control across the entire AI ecosystem.

“Enterprises need to rethink their security architecture as they operationalize their private AI cloud with agentic workloads,” said Umesh Mahajan, vice president and general manager, Application Networking and Security Division, Broadcom. “With AgentMinder, vDefend, and Avi we are delivering a comprehensive set of layered security solutions for the Private AI Cloud. Enterprises can now safely operationalize agentic AI with defense-in-depth security, enforce strict guardrails, and comprehensively protect their AI environment.”

Comprehensive Defense and Governance for Agentic AI
These solutions address critical agentic AI security and operational risks across three core layers: VMware vDefend, VMware Avi Load Balancer and Broadcom AgentMinder.

VMware vDefend: Agentic Zero Trust
VMware vDefend delivers Zero Trust lateral security for AI workloads running on VMware Cloud Foundation. The following new vDefend enhancements will extend its ZeroTrust lateral security to agentic AI workloads:

Discovery of Agentic AI Components: Will automatically identify MCP servers, LLMs, datastores, and tools by continuously monitoring traffic flows across VMware Cloud Foundation.Shadow AI Monitoring: Will detect unauthorized AI usage and enforce strict Zero Trust policies to help maintain complete control over enterprise environments.AI-Generated IDPS Signatures: Will use an agentic AI pipeline to create Intrusion Detection and Prevention (IDPS) signatures at machine scale and speed, providing distributed virtual patching to protect workloads against the volume and velocity of AI-discovered vulnerabilities.
VMware Avi Load Balancer: Agentic Threat Defense
Avi Load Balancer, with its seamless integration with Kubernetes including VMware vSphere Kubernetes Service (VKS), multi-terabit performance, elastic scale-out operation is ideally suited to deliver AI-aware load balancing, web application security and API protection (WAAP) to agentic AI workloads. The following new enhancements will broaden its protection of agentic AI workloads:

Tool and Agent Misuse Prevention: Will help restrict agents from accessing unauthorized MCP tools and inspect transaction content to block malicious execution, including remote code execution (RCE) and file injection.Zero Day Attack Detection: Will establish normal agentic traffic baselines across agents, LLMs, and tools to flag and isolate anomalous behavior in real time.Sensitive Data Protection: Will help prevent unauthorized exfiltration of credentials, personally identifiable information (PII), and sensitive financial data.
Broadcom AgentMinder: Agent Identity, Intent & Governance
Unveiled today, AgentMinder serves as the central control plane for autonomous AI agents (read the press release). As agents transition from content generation to active business process execution, AgentMinder delivers the following core governance capabilities:

Identity and Intent Controls: Treats autonomous agents as enterprise‑grade identities and binds their authority to a declared mission, permitted intents, approved tools, and authorized resources.Runtime Policy Enforcement: Features a cloud-native gateway that evaluates real-time context (identity, tool, intent, resource) and enforces least-privileged policies on every tool invocation.Compliance-Grade Auditability: Built on OpenTelemetry to deliver compliance‑grade visibility into every agent session and action, delivering chain of custody, anomaly detection, and operational insight at machine speed.
About VMware Explore
VMware Explore is the established cloud event for IT professionals to advance their skills and credentials. VMware Explore 2026 will connect attendees with technology experts and solution architects who are solving real-world challenges. Focused technical sessions, Hands-on Labs, and certification opportunities will enable attendees to apply their learnings and deliver greater value back to their organizations. Attendees will leave with the training, tools, and strategies to build and operate a modern private cloud that is AI-native—running any workload while keeping data local and secure. To learn more about VMware Explore, please visit: https://www.vmware.com/explore

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Broadcom, the pulse logo, and Connecting everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

Media Contacts:

Heather Haley
Broadcom Global Communications
+1.925.856.8042
[email protected]

Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145
[email protected]