Broadcom (AVGO)

• Market cap: $905B
• 1 day: 0.68%
• 5 days: 7.11%
• 1 month: 14.96%
• 3 months: -10.75%
• 6 months: 8.96%
• Year to date: -17.03%
• 1 year: 48.02%
• 5 years: 608.65%
• 10 years: 1,546.45%
• Sector: Technology
• Industry: Semiconductors

About: Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

Employees: 37,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

477% more first-time investments, than exits

New positions opened: 623 | Existing positions closed: 108

49% more funds holding in top 10

Funds holding in top 10: 544 [Q3] → 810 (+266) [Q4]

41% more capital invested

Capital invested by funds: $593B [Q3] → $838B (+$246B) [Q4]

13% more funds holding

Funds holding: 3,365 [Q3] → 3,809 (+444) [Q4]

2.11% more ownership

Funds ownership: 73.79% [Q3] → 75.9% (+2.11%) [Q4]

4% more repeat investments, than reductions

Existing positions increased: 1,487 | Existing positions reduced: 1,435

13% less call options, than puts

Call options by funds: $22.9B | Put options by funds: $26.2B

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $210 9% upside
• Avg. target: $250 30% upside
• High target: $300 56% upside

11 analyst ratings

• positive: 11 100%
• neutral: 0 0%
• negative: 0 0%

Seaport Global	20% upside $230	Buy Initiated	30 Apr 2025
Barclays Tom O'Malley 36% 1-year accuracy 17 / 47 met price target	12% upside $215	Overweight Maintained	22 Apr 2025
B of A Securities Vivek Arya 52% 1-year accuracy 59 / 114 met price target	25% upside $240	Buy Maintained	16 Apr 2025
Citigroup Christopher Danely 48% 1-year accuracy 24 / 50 met price target	9% upside $210	Buy Maintained	11 Apr 2025
Morgan Stanley Joseph Moore 42% 1-year accuracy 26 / 62 met price target	35% upside $260	Overweight Maintained	7 Mar 2025