Broadcom (NASDAQ:AVGO) Trading 1.2% Higher – What’s Next?

11 Apr 2026, 10:44 by Renee Jackson · The Cerbat Gem

Shares of Broadcom Inc. (NASDAQ:AVGO – Get Free Report) traded up 1.2% on Thursday . The stock traded as high as $358.70 and last traded at $354.91. 20,302,477 shares changed hands during trading, a decline of 23% from the average session volume of 26,358,578 shares. The stock had previously closed at $350.63.

Key Stories Impacting Broadcom

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom locked multi‑year AI chip deals with hyperscalers (Google, Anthropic), underpinning expectations for durable, high‑margin AI revenue growth and licensing/accelerator demand. Article Title
Positive Sentiment: Market writeups credit the Google/Anthropic deals for today’s rally and re‑rate Broadcom as a major AI infrastructure beneficiary vs. peers — coverage notes that Broadcom’s business model (custom accelerators + networking) captures hyperscaler capex. Article Title
Positive Sentiment: Large investors and well‑known managers appear to be increasing exposure (reports on Israel Englander, Ken Fisher adding AVGO), which supports institutional momentum and can amplify price moves. Article Title
Neutral Sentiment: Short‑interest data in the April snapshot is effectively meaningless (shows zero/NaN), so it provides no actionable signal about bearish positioning or squeeze risk at present.
Negative Sentiment: Analyst/framing pushback: Seaport Global downgraded Broadcom and Seaport Research gave a “Neutral” rating, while at least one major bank reset its forecast — these notes reflect concern about industry limits, margins sustainability, or valuation and may cap upside until clarity on deal economics arrives. Article Title Article Title

Analysts Set New Price Targets

AVGO has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on Broadcom from $370.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Broadcom in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $430.00 price target on Broadcom and gave the company a “buy” rating in a research note on Friday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $430.00 price target (up from $375.00) on shares of Broadcom in a research note on Friday, December 12th. Finally, Benchmark reissued a “buy” rating and issued a $485.00 price target on shares of Broadcom in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $435.30.

Read Our Latest Research Report on AVGO

Broadcom Trading Up 4.7%

The business has a 50-day moving average of $326.18 and a 200-day moving average of $343.09. The firm has a market cap of $1.76 trillion, a price-to-earnings ratio of 72.55, a P/E/G ratio of 0.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.90 and a quick ratio of 1.73.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The business’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given 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 of this dividend was Monday, March 23rd. Broadcom’s payout ratio is 50.78%.

Insiders Place Their Bets

In other Broadcom news, CFO Kirsten M. Spears sold 36,292 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total transaction of $11,671,507.20. Following the transaction, the chief financial officer owned 327,760 shares of the company’s stock, valued at $105,407,616. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the sale, the insider owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. This represents a 28.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 315,282 shares of company stock worth $103,102,779 in the last three months. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Broadcom

A number of institutional investors have recently made changes to their positions in AVGO. Norges Bank bought a new stake in shares of Broadcom during the fourth quarter worth approximately $24,252,196,000. Cardano Risk Management B.V. boosted its holdings in shares of 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 worth $4,391,940,000 after acquiring an additional 11,414,701 shares during the period. State Street Corp boosted its holdings in shares of Broadcom by 2.7% during the fourth quarter. State Street Corp now owns 190,084,351 shares of the semiconductor manufacturer’s stock worth $65,788,194,000 after acquiring an additional 5,040,801 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Broadcom by 499.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,634,232 shares of the semiconductor manufacturer’s stock valued at $1,858,789,000 after buying an additional 4,694,313 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Broadcom by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 482,707,302 shares of the semiconductor manufacturer’s stock valued at $167,064,997,000 after buying an additional 3,919,715 shares during the period. Institutional investors own 76.43% of the company’s stock.

About Broadcom

(Get 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.