Should I buy or sell Broadcom stock right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVGO shares. View AVGO analyst ratings or view top-rated stocks .

What is Broadcom's stock price target for 2024?

28 Wall Street analysts have issued 1-year target prices for Broadcom's shares. Their AVGO share price targets range from $44.00 to $2,050.00. On average, they anticipate the company's share price to reach $1,667.48 in the next year. This suggests that the stock has a possible downside of 7.0%. View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts .

How have AVGO shares performed in 2024?

Broadcom's stock was trading at $1,116.25 at the beginning of 2024. Since then, AVGO stock has increased by 60.6% and is now trading at $1,792.79. View the best growth stocks for 2024 here .

Are investors shorting Broadcom?

Broadcom saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 5,650,000 shares, an increase of 7.8% from the May 15th total of 5,240,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the short-interest ratio is currently 2.1 days. View Broadcom's Short Interest .

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 29th 2024. View our AVGO earnings forecast .

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Wednesday, June, 12th. The semiconductor manufacturer reported $10.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.79 by $0.18. The semiconductor manufacturer earned $12.49 billion during the quarter, compared to analyst estimates of $12.06 billion. Broadcom had a net margin of 24.10% and a trailing twelve-month return on equity of 35.82%. The business's revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.51 EPS. Read the conference call transcript .

How often does Broadcom pay dividends? What is the dividend yield for Broadcom?

Broadcom declared a quarterly dividend on Wednesday, June 12th. Shareholders of record on Monday, June 24th will be paid a dividend of $5.25 per share on Friday, June 28th. This represents a $21.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Monday, June 24th. Read our dividend analysis for AVGO .

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $21.00 per share and currently has a dividend yield of 1.21%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.88% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AVGO .

What ETFs hold Broadcom's stock?

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Amplify Cybersecurity ETF (HACK) , BMO REX MicroSectors FANG Index 3X Leveraged ETN (FNGU) , Pacer Data and Digital Revolution ETF (TRFK) , Invesco Next Gen Connectivity ETF (PXQ) , iShares U.S. Tech Independence Focused ETF (IETC) , Invesco PHLX Semiconductor ETF (SOXQ) , SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and FT Vest Technology Dividend Target Income ETF (TDVI) .

When did Broadcom's stock split?

Shares of Broadcom split before market open on Monday, July 15th 2024. The 10-1 split was announced on Wednesday, June 12th 2024. The newly created shares will be payable to shareholders after the closing bell on Friday, July 12th 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What guidance has Broadcom issued on next quarter's earnings?

Broadcom updated its FY 2024 earnings guidance on Wednesday, June, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $51.0 billion-$51.0 billion, compared to the consensus revenue estimate of $50.4 billion.

What is Hock E. Tan's approval rating as Broadcom's CEO?

159 employees have rated Broadcom Chief Executive Officer Hock E. Tan on Glassdoor.com . Hock E. Tan has an approval rating of 38% among the company's employees. This puts Hock E. Tan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at Broadcom to a friend.

What other stocks do shareholders of Broadcom own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadcom investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Micron Technology (MU) , Netflix (NFLX) , Walt Disney (DIS) , QUALCOMM (QCOM) , Intel (INTC) , Salesforce (CRM) , AbbVie (ABBV) and Cisco Systems (CSCO) .

Who are Broadcom's major shareholders?

Broadcom's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.64%), Capital World Investors (5.60%), Capital International Investors (4.53%), Capital Research Global Investors (3.76%), Jennison Associates LLC (0.89%) and Bank of New York Mellon Corp (0.85%). Insiders that own company stock include Charlie B Kawwas, Check Kian Low , Diane M Bryant , Eddy W Hartenstein, Eddy W Hartenstein , Gayla J Delly , Harry L You, Hock E Tan, Justine Lien , Justine Page , Kenneth Hao , Kirsten M Spears, Mark David Brazeal , Raul J Fernandez and Thomas H Krause . View institutional ownership trends .

How do I buy shares of Broadcom?

Shares of AVGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Broadcom have any subsidiaries?

The following companies are subsidiares of Broadcom: Agere Systems, Allayer Technologies, Alphamosaic, Altocom, AppNeta, Athena Semiconductors, Avago Technologies International Sales Pte. Limited, Avago Technologies U.S. Inc., Avago Technologies Wireless (U.S.A.) Manufacturing LLC, Bay Dynamics, Beceem Communications, BroadLight, BroadLogic Network Technologies, Broadcom Corporation, Broadcom Singapore Pte. Ltd., Brocade Communications Systems, CA Europe Sárl, CA Inc., Camel Expeditionary, DuneNetworks, Gadzoox Network, Gigle Networks, Global Locate, Innovision Research & Technology, LSI Corporation, LVL7 Systems, MagnaCom, Maverick Networks, NetLogic Microsystems, NewPort Communications, NortonLifeLock, Octalica, Percello, Provigent, RAIDCore, SCsquare, Sand Video, Sandburst Corporation, ServerWorks, SiByte, Silicon Spice, Siliquent Technologies, Teknovus, VisionTech, WIDCOMM, Zeevo, and Zyray Wireless. Read More

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NASDAQ:AVGO

Broadcom (AVGO) Stock Price, News & Analysis

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$1,799.01

+63.97 (+3.69%)

(As of 11:33 AM ET)

Compare

Today's Range: $1,780.29
▼
$1,820.92
50-Day Range: $1,204.71
▼
$1,735.04
52-Week Range: $795.09
▼
$1,820.92

Volume: 3.55 million shs
Average Volume: 2.91 million shs
Market Capitalization: $837.42 billion

P/E Ratio: 77.38
Dividend Yield: 1.17%
Price Target: $1,667.48

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Broadcom MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 7.0% Downside
$1,667.48 Price Target
Short Interest: Healthy
1.21% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.48
Upright™ Environmental Score
News Sentiment: 0.62
Based on 122 Articles This Week
Insider Trading: Selling Shares
$36.24 M Sold Last Quarter
Proj. Earnings Growth: 32.06%
From $36.24 to $47.86 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.78 out of 5 stars

Computer And Technology Sector

36th out of 585 stocks

Semiconductors & Related Devices Industry

6th out of 86 stocks

2.5

Analyst's Opinion

Consensus Rating
Broadcom has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 26 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Broadcom has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Broadcom's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
1.21% of the outstanding shares of Broadcom have been sold short.
Short Interest Ratio / Days to Cover
Broadcom has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Broadcom has recently increased by 7.82%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Broadcom pays a meaningful dividend of 1.21%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Broadcom has been increasing its dividend for 14 years.
Dividend Coverage
The dividend payout ratio of Broadcom is 90.32%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Broadcom will have a dividend payout ratio of 43.88% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
Read more about Broadcom's dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Broadcom has received a 29.17% net impact score from Upright. Broadcom seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network modules", "Computer adapters", "Wireless access points", "Fiber optics internet provision", "Ethernet gateways", and "Network switches" products. See details.
Environmental Sustainability
The Environmental Impact score for Broadcom is -1.48.

3.1

News and Social Media Coverage

News Sentiment
Broadcom has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 122 news articles for Broadcom this week, compared to 25 articles on an average week.
Search Interest
307 people have searched for AVGO on MarketBeat in the last 30 days. This is an increase of 101% compared to the previous 30 days.
MarketBeat Follows
119 people have added Broadcom to their MarketBeat watchlist in the last 30 days. This is an increase of 21% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Broadcom insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,242,096.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Broadcom is held by insiders.
Percentage Held by Institutions
76.43% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Broadcom's insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Broadcom are expected to grow by 32.06% in the coming year, from $36.24 to $47.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Broadcom is 77.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Broadcom is 77.11, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 197.07.
Price to Earnings Growth Ratio
Broadcom has a PEG Ratio of 3.24. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Broadcom has a P/B Ratio of 34.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Broadcom's valuation and earnings.

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About Broadcom Stock (NASDAQ:AVGO)

Broadcom Inc. is a technology company with a global presence specializing in designing and developing semiconductor and infrastructure software solutions. The company was founded in 1961 as a semiconductor company and has since become a leading player in the tech industry. Broadcom has established itself as a force in the market with a strong focus on innovation and customer satisfaction.

Broadcom's product portfolio includes various semiconductor solutions for wired and wireless communications, enterprise storage and industrial markets. The company also offers infrastructure software solutions, including network switches, network processors and storage controllers. With such a diverse range of products and solutions, Broadcom has become a one-stop shop for companies needing cutting-edge technology solutions.

One of the key strengths of Broadcom is that it has a commitment to innovation. The company is heavily invested in research and development to stay ahead of the curve in the fast-paced tech industry. Broadcom's innovations have been instrumental in developing new products and services across various sectors, from healthcare to automotive to telecommunications.

Broadcom has also been very successful in expanding its customer base. The company's products and solutions are used by some of the world's leading companies, including Apple, Cisco and Samsung. This diverse customer base has helped insulate Broadcom from any particular industry's fluctuations.

The company has seen strong financial performance in recent years, with revenue and earnings growth driven by its expanding product portfolio and innovative solutions.

Despite its impressive financial performance, Broadcom faces several challenges in the competitive tech industry. One of the biggest challenges is the ongoing trade dispute between the US and China, which has increased tariffs on many of Broadcom's products. The company has also faced scrutiny over its business practices, particularly its acquisition strategy.

Broadcom's acquisition strategy has been controversial, with some critics accusing the company of engaging in anti-competitive behavior. Broadcom has defended its strategy, arguing that the company must remain competitive in the tech industry. The company has also pledged to continue investing in research and development to ensure that it can continue to provide customers with innovative solutions.

Broadcom is well-positioned for long-term success in the tech industry. The company's commitment to innovation and customer satisfaction, combined with its strong financial performance, could make it an investment opportunity for those looking to invest in the tech sector.

Broadcom Inc. is a global technology company that designs and develops semiconductor and infrastructure software solutions. Broadcom has become a leading player in the tech industry with a strong focus on innovation and customer satisfaction. The company remains positioned for long-term growth and success despite facing challenges like the ongoing trade dispute between the US and China.

Written by Jeffrey Neal Johnson

AVGO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AVGO Stock News Headlines

June 15 at 7:00 AM | marketbeat.com

MarketBeat Week in Review – 6/10 - 6/14 (AVGO)

Markets pulled back to end the week, but investors are climbing the wall of worry despite higher-for-longer interest rates and lingering recession concerns

June 13, 2024 | marketbeat.com

Broadcom Stock Soars 15.3% on Strong Q2 Results and Stock Split

Shares of Broadcom Inc. NASDAQ: AVGO soared 15.3% in the after-market hours of Wednesday evening. The reaction came after the company reported its second quarter 2024 financial results, which were better than expected, to say the least.

June 13, 2024 | marketbeat.com

Broadcom Stock Soars 15.3% on Strong Q2 Results and Stock Split (AVGO)

Broadcom stock is giving investors a new reason to sick with it, especially at its new 10 to 1 stock split prices along with double-digit growth

June 11, 2024 | marketbeat.com

Marvell Technology Data Center Revenues Surge, But the Rest Fall (AVGO)

Marvell Technology Inc. (NASDAQ: MRVL) is a leading semiconductor company in the computer and technology sector sector that designs and manufactures

June 10, 2024 | marketbeat.com

Dell Technologies Stock Gives Near-Term Pain for Long-Term Gain (AVGO)

Dell Technologies Inc. (NYSE: DELL) is a leading hardware, software and services provider in the computer and technology sector. From personal computers

June 17 at 7:40 AM | fool.com

Nvidia Jumped 27% After Its Stock Split Announcement. Can Broadcom Beat It?

June 17 at 4:45 AM | fool.com

Broadcom's Stock Split Isn't a Reason to Buy Shares: These 2 Reasons Are

June 16 at 9:00 AM | fool.com

Broadcom Announces a 10-for-1 Stock Split. Time to Buy?

June 16 at 7:42 AM | fool.com

Finally, Broadcom Is Splitting Its Stock. But Does It Matter?

June 16 at 6:01 AM | fool.com

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June 16 at 5:43 AM | fool.com

Nvidia Soared Almost 30% Ahead of Its Stock Split. Can Broadcom Do the Same?

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