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Broadcom (AVGO) Stock Price, News & Analysis

$1,417.68
+18.51 (+1.32%)
(As of 12:22 PM ET)
Today's Range
$1,385.19
$1,438.17
50-Day Range
$1,049.01
$1,399.17
52-Week Range
$601.29
$1,438.17
Volume
1.91 million shs
Average Volume
2.62 million shs
Market Capitalization
$656.98 billion
P/E Ratio
43.04
Dividend Yield
1.48%
Price Target
$1,089.45

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
22.3% Downside
$1,089.45 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
0.43mentions of Broadcom in the last 14 days
Based on 63 Articles This Week
Insider Trading
Selling Shares
$50.15 M Sold Last Quarter
Proj. Earnings Growth
20.20%
From $41.79 to $50.23 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.

4.92 out of 5 stars

Computer And Technology Sector

16th out of 595 stocks

Semiconductors & Related Devices Industry

4th out of 91 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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Nvidia's success reverberates far beyond its corporate borders, with several other stocks finding themselves in the slipstream of Nvidia's meteoric rise
Impinj stock surges on strong earnings and guidance (AVGO)
Internet of Things chipmaker Impinj rallied after better-than-expected Q4 results and upbeat current-quarter guidance. Analysts boosted their price targets.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
The S&P 500's 3 best 10-year performers are all in this industry (AVGO)
Given the critical role semiconductors play in the global economy, it’s no surprise that chipmakers have hauled in some serious profits over the past decade.
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
Broadcom: Poised To Deliver Another Strong Quarter
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
AVGO Apr 2024 1300.000 put
AVGO Apr 2024 1560.000 call
3 Cream-of-the-Crop Growth Stocks to Own This Year
AVGO Mar 2024 1470.000 put
AVGO Mar 2024 1590.000 call
AVGO Dec 2024 1100.000 call
Broadcom (NASDAQ:AVGO) Rating Reiterated by Oppenheimer
Broadcom (NASDAQ:AVGO) Hits New 12-Month High at $1,356.86
AVGO Apr 2024 1780.000 call
AVGO Mar 2024 1600.000 call
Broadcom Sees Unusually Large Options Volume (NASDAQ:AVGO)
AVGO Mar 2024 900.000 call
AVGO Mar 2024 800.000 put
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
3/04/2024
Next Earnings (Confirmed)
3/07/2024
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
$1,114.45
High Stock Price Target
$1,550.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-23.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
19 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
42.15%

Debt

Sales & Book Value

Annual Sales
$35.82 billion
Cash Flow
$44.58 per share
Book Value
$51.24 per share

Miscellaneous

Free Float
454,153,000
Market Cap
$655.67 billion
Optionable
Optionable
Beta
1.26

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AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 3 hold ratings and 16 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?

19 Wall Street research analysts have issued 1-year price targets for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,550.00. On average, they predict the company's stock price to reach $1,089.45 in the next twelve months. This suggests that the stock has a possible downside of 22.3%.
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 beginning of 2024. Since then, AVGO shares have increased by 25.6% and is now trading at $1,402.03.
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) announced its earnings results on Thursday, December, 7th. The semiconductor manufacturer reported $11.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.96 by $0.10. The semiconductor manufacturer earned $9.30 billion during the quarter, compared to analysts' expectations of $9.28 billion. Broadcom had a trailing twelve-month return on equity of 73.43% and a net margin of 39.31%. The firm's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $9.75 earnings per share.
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 yield of 1.50%. The ex-dividend date of this dividend 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 1.50%. 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 41.81% 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 announced that its board has authorized a share buyback program on Thursday, May 26th 2022, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

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

Broadcom updated its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share 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 institutional and retail investors. Top institutional investors 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 3/4/2024 by MarketBeat.com Staff