Q1 Earnings Estimate for Broadcom Issued By Zacks Research

Broadcom Inc. (NASDAQ:AVGO) – Investment analysts at Zacks Research issued their Q1 2027 earnings per share estimates for shares of Broadcom in a research report issued on Thursday, February 20th. Zacks Research analyst A. Ganguly expects that the semiconductor manufacturer will earn $1.61 per share for the quarter. The consensus estimate for Broadcom’s current full-year earnings is $5.38 per share.

Several other brokerages have also recently issued reports on AVGO. Citigroup lifted their price objective on Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. UBS Group lifted their price target on shares of Broadcom from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Rosenblatt Securities restated a “buy” rating and issued a $240.00 price objective on shares of Broadcom in a report on Wednesday, December 11th. Finally, Barclays boosted their target price on shares of Broadcom from $205.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.04.

Broadcom Trading Down 2.6 %

AVGO opened at $202.54 on Monday. The business has a fifty day moving average price of $228.49 and a 200 day moving average price of $191.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. Broadcom has a 12 month low of $119.76 and a 12 month high of $251.88. The stock has a market capitalization of $949.38 billion, a price-to-earnings ratio of 165.21, a PEG ratio of 2.29 and a beta of 1.02.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $14.05 billion during the quarter, compared to the consensus estimate of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The company’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, December 23rd. Broadcom’s payout ratio is presently 191.87%.

Insider Activity at Broadcom

In other Broadcom news, Director Diane M. Bryant sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $226.68, for a total transaction of $3,400,200.00. Following the completion of the sale, the director now directly owns 6,460 shares of the company’s stock, valued at $1,464,352.80. This represents a 69.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 20,168 shares of Broadcom stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $238.79, for a total value of $4,815,916.72. Following the completion of the transaction, the insider now owns 321,660 shares in the company, valued at $76,809,191.40. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,278 shares of company stock worth $44,964,800 in the last 90 days. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Broadcom

Several large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new position in shares of Broadcom during the fourth quarter worth about $1,997,000. Leigh Baldwin & CO. LLC purchased a new stake in Broadcom in the 4th quarter valued at approximately $1,280,000. Armis Advisers LLC acquired a new position in Broadcom during the 4th quarter worth approximately $337,000. Shufro Rose & Co. LLC increased its position in Broadcom by 824.1% during the 4th quarter. Shufro Rose & Co. LLC now owns 4,870 shares of the semiconductor manufacturer’s stock worth $1,129,000 after purchasing an additional 4,343 shares during the period. Finally, Integrated Advisors Network LLC raised its stake in shares of Broadcom by 10.9% during the 4th quarter. Integrated Advisors Network LLC now owns 103,419 shares of the semiconductor manufacturer’s stock worth $23,977,000 after buying an additional 10,191 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

About Broadcom

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