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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AVGO shares.
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18 Wall Street research analysts have issued twelve-month target prices for Broadcom's shares. Their AVGO share price targets range from $44.00 to $1,200.00. On average, they expect the company's share price to reach $878.45 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
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Broadcom's stock was trading at $559.13 at the beginning of 2023. Since then, AVGO stock has increased by 65.3% and is now trading at $923.97.
View the best growth stocks for 2023 here.

Broadcom saw a increase in short interest in 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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our AVGO earnings forecast.

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.

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, August, 31st. The semiconductor manufacturer reported $10.54 EPS for the quarter, topping analysts' consensus estimates 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 trailing twelve-month return on equity of 74.31% and a net margin of 39.25%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $9.07 earnings per share.
Read the conference call transcript.

Broadcom announced a quarterly dividend on Wednesday, August 30th. Shareholders of record on Thursday, September 21st will be given a dividend of $4.60 per share on Friday, September 29th. This represents a $18.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, September 20th.
Read our dividend analysis for AVGO.

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.

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 announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 26th 2022, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.

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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