Broadcom (AVGO) Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AVGO shares.
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19 brokerages have issued twelve-month price targets for Broadcom's shares. Their AVGO share price forecasts range from $44.00 to $1,050.00. On average, they predict the company's share price to reach $846.14 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.

Broadcom's stock was trading at $559.13 on January 1st, 2023. Since then, AVGO stock has increased by 48.3% and is now trading at $829.08.
View the best growth stocks for 2023 here.

Broadcom saw a increase in short interest in August. As of August 31st, there was short interest totaling 5,940,000 shares, an increase of 24.3% from the August 15th total of 4,780,000 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.5% of the shares of the stock are short sold.
View Broadcom's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings results on Thursday, August, 31st. The semiconductor manufacturer reported $10.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.43 by $0.11. The semiconductor manufacturer earned $8.85 billion during the quarter, compared to analysts' expectations of $8.85 billion. Broadcom had a net margin of 39.25% and a trailing twelve-month return on equity of 74.31%. Broadcom's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.07 EPS.
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Broadcom announced a quarterly dividend on Wednesday, August 30th. Stockholders of record on Thursday, September 21st will be paid a dividend of $4.60 per share on Friday, September 29th. This represents a $18.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Wednesday, September 20th.
Read our dividend analysis for AVGO.

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Pacer Data and Digital Revolution ETF (TRFK), First Trust Nasdaq Semiconductor ETF (FTXL), Strive U.S. Semiconductor ETF (SHOC), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Invesco PHLX Semiconductor ETF (SOXQ), iShares Semiconductor ETF (SOXX), ProShares Ultra Semiconductors (USD) and iShares U.S. Tech Independence Focused ETF (IETC).

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 2.22%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 44.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

Broadcom declared that its board has authorized a share repurchase program on Thursday, May 26th 2022, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Broadcom updated its fourth quarter 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.27 billion-$9.27 billion, compared to the consensus revenue estimate of $9.28 billion.

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.

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).

Broadcom trades on the NASDAQ under the ticker symbol "AVGO."

Broadcom's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (57.37%), BlackRock Inc. (7.68%), Capital World Investors (6.74%), Capital International Investors (5.55%), Capital Research Global Investors (4.65%) and State Street Corp (4.11%). Insiders that own company stock include Charlie B Kawwas, Charlie B Kawwas, Check Kian Low, Diane M Bryant, Eddy W Hartenstein, Eddy W Hartenstein, Gayla J Delly, Harry L You, Harry L You, Hock E Tan, Hock E Tan, Justine Lien, Justine Page, Kirsten M Spears, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez, Thomas H Krause and Thomas H Krause.
View institutional ownership trends.

Shares of AVGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVGO stock can currently be purchased for approximately $829.08.

Broadcom (NASDAQ:AVGO) has a market capitalization of $342.19 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $32.52 on an earnings per share basis.

The company employs 20,000 workers across the globe.

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The official website for the company is www.broadcom.com. The semiconductor manufacturer can be reached via phone at (408) 433-8000 or via email at investor.relations@broadcom.com.