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Broadcom (AVGO) Stock Price, News & Analysis

$1,341.20
-41.26 (-2.98%)
(As of 01:28 PM ET)
Today's Range
$1,336.62
$1,366.51
50-Day Range
$1,222.65
$1,407.01
52-Week Range
$601.29
$1,438.17
Volume
1.16 million shs
Average Volume
2.96 million shs
Market Capitalization
$621.54 billion
P/E Ratio
49.71
Dividend Yield
1.57%
Price Target
$1,255.18

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
6.9% Downside
$1,255.18 Price Target
Short Interest
Healthy
1.18% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.82mentions of Broadcom in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$36.87 M Sold Last Quarter
Proj. Earnings Growth
28.68%
From $35.95 to $46.26 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.

4.89 out of 5 stars

Computer And Technology Sector

52nd out of 1,803 stocks

Semiconductors & Related Devices Industry

7th out of 267 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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S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback? (AVGO)
Amid a tech sector rally stumble, Nvidia leads the decline. Caution may be in order, amid broader signs that the wider market is under selling pressure.
MarketBeat Week in Review – 3/11 – 3/15 (AVGO)
Stocks are trending lower to end the week as inflation concerns dampen hopes for a June rate cut, which may cause analysts to start lowering price targets
Broadcom (NASDAQ:AVGO) Shares Down 0.5% on Insider Selling
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See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Ex-Dividend for 3/29 Dividend
3/20/2024
Dividend Payable
3/29/2024
Today
4/12/2024
Next Earnings (Estimated)
6/06/2024
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
$1,255.18
High Stock Price Target
$1,720.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-9.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
22 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
32.42%

Debt

Sales & Book Value

Annual Sales
$35.82 billion
Cash Flow
$46.08 per share
Book Value
$51.24 per share

Miscellaneous

Free Float
454,153,000
Market Cap
$640.66 billion
Optionable
Optionable
Beta
1.25

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Should I Buy Broadcom Stock? AVGO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Broadcom:

  • Broadcom Inc. designs and supplies various semiconductor devices with a focus on complex digital and mixed signal technologies, positioning itself in a competitive edge within the semiconductor industry.
  • The company operates in two segments, Semiconductor Solutions and Infrastructure Software, diversifying its revenue streams and potentially reducing risks associated with a single product line.
  • Broadcom's products are used in various applications including enterprise networking, smartphones, data center servers, and electronic displays, indicating a broad market reach and potential for sustained demand.
  • Recent positive developments in the semiconductor industry, such as increased demand for chips in various sectors, could benefit Broadcom's financial performance and stock price.
  • With a strong track record of innovation and product development, Broadcom has the potential to introduce cutting-edge technologies that could drive future growth and profitability.

Cons

Investors should be bearish about investing in Broadcom for these reasons:

  • The semiconductor industry is highly cyclical and subject to rapid technological changes, which could lead to challenges in maintaining market share and profitability.
  • Global economic uncertainties and trade tensions may impact Broadcom's international operations and sales, potentially affecting its financial performance.
  • Fluctuations in semiconductor prices and demand could affect Broadcom's revenue and margins, leading to volatility in its stock price.
  • Increased competition from other semiconductor companies could pressure Broadcom to continuously innovate and invest in research and development to stay ahead in the market.
  • Investors should carefully consider the current stock price of Broadcom and evaluate whether it aligns with the company's growth prospects and financial health before making investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Broadcom pros and cons to contact@marketbeat.com.

AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street 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?

22 Wall Street analysts have issued twelve-month price targets for Broadcom's shares. Their AVGO share price targets range from $44.00 to $1,720.00. On average, they anticipate the company's share price to reach $1,255.18 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
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 start of the year. Since then, AVGO shares have increased by 20.8% and is now trading at $1,348.71.
View the best growth stocks for 2024 here
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our AVGO earnings forecast
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings results on Thursday, March, 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, topping analysts' consensus estimates of $8.95 by $2.04. The semiconductor manufacturer had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.79 billion. Broadcom had a trailing twelve-month return on equity of 47.71% and a net margin of 29.93%. The company's revenue for the quarter was up 34.2% on a year-over-year basis. During the same period in the previous year, the company earned $9.83 earnings per share.
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, March 6th. Stockholders of record on Thursday, March 21st will be paid a dividend of $5.25 per share on Friday, March 29th. This represents a $21.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, March 20th.
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 1.59%. 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 77.84%. 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 45.40% 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 of Directors has authorized a stock repurchase plan on Thursday, May 26th 2022, which allows the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

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

Broadcom issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $50.0 billion-$50.0 billion, compared to the consensus revenue estimate of $50.2 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 a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), Guinness Asset Management LTD (0.04%), Ferguson Wellman Capital Management Inc. (0.02%), Czech National Bank (0.02%), Perpetual Ltd (0.02%) and Fort Pitt Capital Group LLC (0.01%). 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
This page (NASDAQ:AVGO) was last updated on 4/12/2024 by MarketBeat.com Staff

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