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NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$355.01
+7.80 (+2.25 %)
(As of 10/29/2020 12:00 AM ET)
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Today's Range
$345.37
Now: $355.01
$359.44
50-Day Range
$347.21
MA: $366.14
$382.43
52-Week Range
$155.67
Now: $355.01
$387.80
Volume1.47 million shs
Average Volume2.60 million shs
Market Capitalization$143.60 billion
P/E Ratio66.61
Dividend Yield3.74%
Beta0.9
Broadcom Inc. designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application specific standard products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters and switches; read channel based SoCs; custom flash controllers; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. The company's products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000
Employees19,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.60 billion
Cash Flow$32.36 per share
Book Value$62.70 per share

Profitability

Net Income$2.72 billion

Miscellaneous

Market Cap$143.60 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$355.01
+7.80 (+2.25 %)
(As of 10/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

How has Broadcom's stock been impacted by COVID-19?

Broadcom's stock was trading at $245.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AVGO stock has increased by 44.3% and is now trading at $355.01.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Broadcom?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 27 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Broadcom
.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Broadcom
.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) posted its earnings results on Thursday, September, 3rd. The semiconductor manufacturer reported $5.40 earnings per share for the quarter, topping the Zacks' consensus estimate of $5.24 by $0.16. The semiconductor manufacturer earned $5.82 billion during the quarter, compared to analysts' expectations of $5.76 billion. Broadcom had a net margin of 10.70% and a return on equity of 32.44%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.16 earnings per share.
View Broadcom's earnings history
.

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

Broadcom announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $3.25 per share on Wednesday, September 30th. This represents a $13.00 annualized dividend and a yield of 3.66%. The ex-dividend date is Monday, September 21st.
View Broadcom's dividend history
.

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

Broadcom updated its fourth quarter 2020 After-Hours earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.25-6.55 billion, compared to the consensus revenue estimate of $6.18 billion.

What price target have analysts set for AVGO?

31 analysts have issued 1 year price objectives for Broadcom's stock. Their forecasts range from $215.00 to $450.00. On average, they expect Broadcom's stock price to reach $389.37 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts' price targets for Broadcom
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,950,000 shares, an increase of 14.2% from the August 31st total of 3,460,000 shares. Based on an average daily volume of 1,900,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the shares of the stock are short sold.
View Broadcom's Short Interest
.

Who are some of Broadcom's key competitors?

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), The Walt Disney (DIS), QUALCOMM (QCOM), Intel (INTC), salesforce.com (CRM), AbbVie (ABBV) and Cisco Systems (CSCO).

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 67)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 41)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 51)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 48)
  • Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 54)

What is Broadcom's stock symbol?

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

Who are Broadcom's major shareholders?

Broadcom's stock is owned by a number of retail and institutional investors. Top institutional investors include Standard Life Aberdeen plc (0.23%), DekaBank Deutsche Girozentrale (0.17%), Artemis Investment Management LLP (0.12%), Envestnet Asset Management Inc. (0.08%), State of New Jersey Common Pension Fund D (0.06%) and Factory Mutual Insurance Co. (0.06%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Harry L You, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lewis C Eggebrecht, Mark David Brazeal, Raul J Fernandez and Thomas H Krause.
View institutional ownership trends for Broadcom
.

Which institutional investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Candriam Luxembourg S.C.A., Calamos Advisors LLC, Standard Life Aberdeen plc, Artemis Investment Management LLP, Hexavest Inc., CIBC Private Wealth Group LLC, and Polaris Wealth Advisory Group LLC. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Harry L You, Hock E Tan, Justine Lien, Kirsten M Spears, Mark David Brazeal, and Thomas H Krause.
View insider buying and selling activity for Broadcom
.

Which institutional investors are buying Broadcom stock?

AVGO stock was bought by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Hamlin Capital Management LLC, Envestnet Asset Management Inc., Meritage Portfolio Management, Campbell Newman Asset Management Inc., Zweig DiMenna Associates LLC, Factory Mutual Insurance Co., and Financial Sense Advisors Inc.. Company insiders that have bought Broadcom stock in the last two years include Henry Samueli, and Raul J Fernandez.
View insider buying and selling activity for Broadcom
.

How do I buy shares of Broadcom?

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

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $355.01.

How big of a company is Broadcom?

Broadcom has a market capitalization of $143.60 billion and generates $22.60 billion in revenue each year. The semiconductor manufacturer earns $2.72 billion in net income (profit) each year or $17.41 on an earnings per share basis. Broadcom employs 19,000 workers across the globe.

What is Broadcom's official website?

The official website for Broadcom is www.broadcom.com.

How can I contact Broadcom?

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The semiconductor manufacturer can be reached via phone at 408-433-8000 or via email at [email protected]

This page was last updated on 10/30/2020 by MarketBeat.com Staff

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