Broadcom
AVGO
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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
196% more first-time investments, than exits
New positions opened: 477 | Existing positions closed: 161
69% more funds holding in top 10
Funds holding in top 10: 540 [Q1] → 912 (+372) [Q2]
68% more capital invested
Capital invested by funds: $591B [Q1] → $992B (+$401B) [Q2]
21% more repeat investments, than reductions
Existing positions increased: 1,782 | Existing positions reduced: 1,478
6% more funds holding
Funds holding: 3,763 [Q1] → 3,999 (+236) [Q2]
1.97% more ownership
Funds ownership: 74.6% [Q1] → 76.57% (+1.97%) [Q2]
8% less call options, than puts
Call options by funds: $22.6B | Put options by funds: $24.6B
Research analyst outlook
20 Wall Street Analysts provided 1 year price targets over the past 3 months
20 analyst ratings
Macquarie
Arthur Lai
|
$420
|
Outperform
Initiated
|
15 Sep 2025 |
Mizuho
Vijay Rakesh
|
$410
|
Outperform
Maintained
|
12 Sep 2025 |
Argus Research
Jim Kelleher
|
$375
|
Buy
Maintained
|
8 Sep 2025 |
Citigroup
Christopher Danely
|
$350
|
Buy
Maintained
|
5 Sep 2025 |
Truist Securities
William Stein
|
$365
|
Buy
Maintained
|
5 Sep 2025 |
Bernstein
Stacy Rasgon
|
$400
|
Outperform
Maintained
|
5 Sep 2025 |
Oppenheimer
Rick Schafer
|
$360
|
Outperform
Reiterated
|
5 Sep 2025 |
Wells Fargo
Aaron Rakers
|
$345
|
Equal-Weight
Maintained
|
5 Sep 2025 |
Barclays
Tom O'Malley
|
$400
|
Overweight
Maintained
|
5 Sep 2025 |
Evercore ISI Group
Mark Lipacis
|
$370
|
Outperform
Maintained
|
5 Sep 2025 |
Keybanc
John Vinh
|
$400
|
Overweight
Maintained
|
5 Sep 2025 |
Piper Sandler
Harsh Kumar
|
$375
|
Overweight
Maintained
|
5 Sep 2025 |
Benchmark
Cody Acree
|
$385
|
Buy
Maintained
|
5 Sep 2025 |
Rosenblatt
Kevin Cassidy
|
$400
|
Buy
Maintained
|
5 Sep 2025 |
B of A Securities
Vivek Arya
|
$400
|
Buy
Maintained
|
5 Sep 2025 |
Morgan Stanley
Joseph Moore
|
$382
|
Overweight
Maintained
|
5 Sep 2025 |
JP Morgan
Harlan Sur
|
$400
|
Overweight
Maintained
|
5 Sep 2025 |
Deutsche Bank
Ross Seymore
|
$350
|
Buy
Maintained
|
5 Sep 2025 |
UBS
Timothy Arcuri
|
$345
|
Buy
Maintained
|
25 Aug 2025 |
Goldman Sachs
James Schneider
|
$340
|
Buy
Reiterated
|
13 Aug 2025 |
Financial journalist opinion
Based on 244 articles about AVGO published over the past 30 days