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S&P 500   4,567.18
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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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Countries Are Investing Heavily Into Securing Energy Independence (Ad)
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Marvell Technology at a critical pivot: 30% upside is possible
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SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
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What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
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The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

Broadcom Stock Price, News & Analysis (NASDAQ:AVGO)

$913.12
-10.85 (-1.17%)
(As of 12/5/2023 ET)
Compare
Today's Range
$905.94
$917.25
50-Day Range
$814.83
$995.71
52-Week Range
$516.05
$999.87
Volume
3.70 million shs
Average Volume
2.49 million shs
Market Capitalization
$376.88 billion
P/E Ratio
28.08
Dividend Yield
2.02%
Price Target
$878.45

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
3.8% Downside
$878.45 Price Target
Short Interest
Healthy
1.80% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.46mentions of Broadcom in the last 14 days
Based on 37 Articles This Week
Insider Trading
Acquiring Shares
$10.45 M Bought Last Quarter
Proj. Earnings Growth
7.22%
From $37.83 to $40.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Computer And Technology Sector

43rd out of 592 stocks

Semiconductors & Related Devices Industry

7th out of 79 stocks


AVGO stock logo

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. 

AVGO Stock Price History

AVGO Stock News Headlines

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Broadcom's (AVGO) "Buy" Rating Reaffirmed at Rosenblatt Securities
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Broadcom Stock: Time To Load Up
Broadcom Introduces Industry’s First Switch With On-Chip Neural Network
Broadcom (AVGO) to Release Earnings on Thursday
Susquehanna Raises Broadcom (NASDAQ:AVGO) Price Target to $1,100.00
See More Headlines
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Company Calendar

Last Earnings
8/31/2023
Ex-Dividend for 9/29 Dividend
9/20/2023
Dividend Payable
9/29/2023
Today
12/05/2023
Next Earnings (Confirmed)
12/07/2023
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:AVGO
CUSIP
Y0486S10
Fax
N/A
Employees
20,000
Year Founded
1961

Price Target and Rating

Average Stock Price Target
$878.45
High Stock Price Target
$1,200.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$11.50 billion
Pretax Margin
41.60%

Debt

Sales & Book Value

Annual Sales
$35.45 billion
Cash Flow
$47.68 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
403,656,000
Market Cap
$376.88 billion
Optionable
Optionable
Beta
1.10

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AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 5 hold ratings and 13 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?

18 brokerages have issued twelve-month target prices for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,200.00. On average, they anticipate the company's stock price to reach $878.45 in the next year. This suggests that the stock has a possible downside of 3.8%.
View analysts price targets for AVGO
or view top-rated stocks among Wall Street analysts.

How have AVGO shares performed in 2023?

Broadcom's stock was trading at $559.13 on January 1st, 2023. Since then, AVGO stock has increased by 63.3% and is now trading at $913.12.
View the best growth stocks for 2023 here
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 7,440,000 shares, an increase of 10.4% from the October 31st total of 6,740,000 shares. Based on an average daily trading volume, of 2,410,000 shares, the days-to-cover ratio is presently 3.1 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, December 7th 2023.
View our AVGO earnings forecast
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, December 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) released its earnings results on Thursday, August, 31st. The semiconductor manufacturer reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.43 by $0.11. The semiconductor manufacturer had revenue of $8.85 billion for the quarter, compared to analysts' expectations of $8.85 billion. Broadcom had a trailing twelve-month return on equity of 74.31% and a net margin of 39.25%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $9.07 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, 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 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, September 20th.
Read our dividend analysis for AVGO
.

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 1.98%. 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 45.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

How will Broadcom's stock buyback program work?

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

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 a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.43%), Charles Schwab Investment Management Inc. (1.28%), Northern Trust Corp (1.13%), Ameriprise Financial Inc. (1.05%), Wellington Management Group LLP (0.98%) and FMR LLC (0.97%). 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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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
This page (NASDAQ:AVGO) was last updated on 12/6/2023 by MarketBeat.com Staff

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