Broadcom Authorizes $10B Share Repurchase Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
0mins
Should l Buy AVGO?
The Board of Directors of Broadcom has authorized a new share repurchase program to repurchase up to $10B of its common stock through December 31, 2026.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise
30 Analyst Rating
29 Buy
1 Hold
0 Sell
Strong Buy
Current: 428.430
Low
370.00
Averages
457.75
High
525.00
Current: 428.430
Low
370.00
Averages
457.75
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technological Innovation and Partnerships: Arm's collaboration with Meta Platforms on the AGI CPU promises to save up to $10 billion in data center capital expenditures while delivering double the computing performance of AMD and Intel's x86 processors, further solidifying its market position.
- Optimistic Financial Outlook: Arm's revenue increased by 23% to $4.92 billion in fiscal 2026, with expectations of reaching $25 billion by fiscal 2031, indicating robust growth potential, and projected earnings per share rising to $9.00, suggesting a 51% upside in stock price.
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- Options Prices Soar: The price of call contracts on the Nasdaq-100 index has reached a 52-week high, nearing a three-year record, reflecting strong demand for tech stocks and bullish investor sentiment.
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- Citi Raises Broadcom Target: Citi raises Broadcom's price target from $475 to $500, applying a 20x multiple to FY28 EPS of $25, reflecting optimism about the company's earnings visibility and maintaining its status as the #1 semiconductor pick for 2026.
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See More
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- Sales Forecast Upgrade: Citi has raised Broadcom's 2027 AI sales forecast from $100 billion to $115 billion, anticipating that collaborations with Google and Anthropic will drive sales to $80 billion, reflecting strong market demand and growth potential.
- Customer Collaboration Expansion: Broadcom maintains solid partnerships with Google, Meta, Anthropic, and OpenAI, while also engaging with three additional customers for custom AI chips, further enhancing its competitive position in the market.
- Margin Improvement Potential: Analysts note that Broadcom's partnership with Anthropic could help improve gross margins, as the shift from rack shipments to chip production is expected to optimize cost structures and enhance profitability.
See More
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