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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
66,000% upside on tiny biotech? (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture

Broadcom (AVGO) Stock Price, News & Analysis

$1,296.37
-8.53 (-0.65%)
(As of 02/23/2024 ET)
Today's Range
$1,288.82
$1,319.62
50-Day Range
$1,049.01
$1,304.90
52-Week Range
$573.61
$1,319.62
Volume
2.31 million shs
Average Volume
2.43 million shs
Market Capitalization
$606.88 billion
P/E Ratio
39.36
Dividend Yield
1.62%
Price Target
$1,005.95

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
22.4% Downside
$1,005.95 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.68mentions of Broadcom in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$50.15 M Sold Last Quarter
Proj. Earnings Growth
21.67%
From $42.18 to $51.32 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.

4.91 out of 5 stars

Computer And Technology Sector

13th out of 587 stocks

Semiconductors Industry

1st out of 1 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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Check out these 2 winning semiconductor ETFs with low costs (AVGO)
Traders continue to pile into semiconductor names as noise around the artificial intelligence revolution reaches a feverish pitch.
AMD, Broadcom, Marvell, Nvidia: Big gainers from new AI spending (AVGO)
Chipmakers including AMD, Broadcom, Marvell and Nvidia are set to benefit from a surge in data center AI investment by tech titans such as Google and Microsoft
Skyworks Semiconductors: Earnings are at a massive discount (AVGO)
Understanding how the semiconductor industry is on a comeback after COVID-19 supply chain issues is key to pointing your portfolio to the winning names
AI growth propels semiconductor stocks to new highs (AVGO)
AI-driven demand catapults semiconductor stocks, propelled by Taiwan Semiconductor's stellar earnings, robust AI-related revenue, and upbeat forecast
KKR Nears $4 Billion Deal for Broadcom Unit
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AVGO Mar 2024 1262.500 call
AVGO Mar 2024 1262.500 put
Broadcom Stock (NASDAQ:AVGO) Insider Trades
Broadcom's (AVGO) Overweight Rating Reaffirmed at Cantor Fitzgerald
Broadcom Stock Is Expensive, But Worth It Long Term
See More Headlines
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Company Calendar

Last Earnings
12/07/2023
Ex-Dividend for 12/29 Dividend
12/19/2023
Dividend Payable
12/29/2023
Today
2/24/2024
Next Earnings (Confirmed)
3/07/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Semiconductors
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
$1,005.95
High Stock Price Target
$1,450.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
21 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
42.15%

Debt

Sales & Book Value

Annual Sales
$35.82 billion
Cash Flow
$43.78 per share
Book Value
$51.24 per share

Miscellaneous

Free Float
457,842,000
Market Cap
$606.88 billion
Optionable
Optionable
Beta
1.25

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Should I Buy Broadcom Stock? AVGO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Broadcom was last updated on Tuesday, February 20, 2024 at 11:39 PM.














AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 4 hold ratings and 17 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?

21 analysts have issued 12-month price objectives for Broadcom's shares. Their AVGO share price targets range from $44.00 to $1,450.00. On average, they expect the company's share price to reach $1,005.95 in the next twelve months. This suggests that the stock has a possible downside of 22.4%.
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 on January 1st, 2024. Since then, AVGO shares have increased by 16.1% and is now trading at $1,296.37.
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, March 7th 2024.
View our AVGO earnings forecast
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, March 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) posted its quarterly earnings results on Thursday, December, 7th. The semiconductor manufacturer reported $11.06 earnings per share for the quarter, topping the consensus estimate of $10.96 by $0.10. The semiconductor manufacturer had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.28 billion. Broadcom had a net margin of 39.31% and a trailing twelve-month return on equity of 73.43%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $9.75 EPS.
Read the conference call transcript
.

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

Broadcom announced a quarterly dividend on Thursday, December 7th. Shareholders of record on Wednesday, December 20th will be given a dividend of $5.25 per share on Friday, December 29th. This represents a $21.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, December 19th. This is a positive change from the stock's previous quarterly dividend of $4.60.
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 1.61%. 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 63.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 40.92% 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 initiated a stock buyback plan on Thursday, May 26th 2022, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

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

Broadcom issued an update on its FY 2024 earnings guidance on Monday, December, 11th. 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 $50.3 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.26%), Capital World Investors (5.96%), Capital International Investors (4.98%), Capital Research Global Investors (3.80%), Norges Bank (1.19%) and Charles Schwab Investment Management Inc. (1.12%). 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, Justine Lien, Justine Page, Kirsten M Spears, 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 2/24/2024 by MarketBeat.com Staff