Broadcom (AVGO) Stock Price, News & Analysis

$1,224.46
+19.75 (+1.64%)
(As of 04/22/2024 ET)
Today's Range
$1,201.44
$1,233.20
50-Day Range
$1,204.71
$1,407.01
52-Week Range
$601.29
$1,438.17
Volume
2.51 million shs
Average Volume
2.96 million shs
Market Capitalization
$567.44 billion
P/E Ratio
45.38
Dividend Yield
1.72%
Price Target
$1,285.41

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.91 Rating Score
Upside/​Downside
5.0% Upside
$1,285.41 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
0.61mentions of Broadcom in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$40.31 M Sold Last Quarter
Proj. Earnings Growth
28.96%
From $35.88 to $46.27 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.

4.87 out of 5 stars

Computer And Technology Sector

27th out of 589 stocks

Semiconductors & Related Devices Industry

8th out of 87 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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[Shocking] Elon Musk’s Plan To End Banks
Leaked Elon Musk call reveals shocking plan to replace banks. As Musk's plan rolls out, industry experts predict it could spark a wave of mass crypto adoption. Triggering a new crypto bull run. While helping drive a booming crypto asset class up from $2.5-billion to $16-trillion (a 6,400x increase) by 2030.
Broadcom (NASDAQ:AVGO) Stock Price Down 1.5%
AVGO Apr 2024 1130.000 call
AVGO Apr 2024 1040.000 put
3 Semiconductor Stocks to Buy Now: Q2 Edition
Broadcom (NASDAQ:AVGO) Stock Price Up 0.3% on Analyst Upgrade
Broadcom's Stock Is A Real Bargain
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
4/22/2024
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
$1,285.41
High Stock Price Target
$1,720.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+5.0%
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
$44.80 per share
Book Value
$51.24 per share

Miscellaneous

Free Float
454,153,000
Market Cap
$567.44 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, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide, positioning itself in a crucial sector of technology.
  • The company operates in two segments, Semiconductor Solutions and Infrastructure Software, diversifying its revenue streams and reducing dependency on a single market.
  • Broadcom's products are used in various applications, including enterprise and data center networking, smartphones, and electronic displays, indicating a broad market reach and potential for growth.
  • Recent developments in the semiconductor industry have shown increased demand for Broadcom's products, potentially leading to higher revenues and profitability.
  • Despite market fluctuations, Broadcom has maintained a stable stock price, offering investors a sense of security and potential for long-term growth.

Cons

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

  • The semiconductor industry is highly competitive and subject to rapid technological advancements, posing a risk of obsolescence for Broadcom's products if not able to keep up with innovation.
  • Global economic uncertainties and trade tensions could impact Broadcom's international operations and supply chain, leading to potential disruptions and financial losses.
  • Regulatory changes and geopolitical issues may affect Broadcom's business operations and profitability, introducing additional risks for investors.
  • Fluctuations in semiconductor demand and pricing could impact Broadcom's financial performance, leading to potential revenue declines and stock price volatility.
  • Investing in individual semiconductor companies like Broadcom carries inherent risks due to market cyclicality and dependency on specific technological trends, requiring careful consideration and risk management.
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 Thursday, April 11, 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 research 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 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?

22 Wall Street analysts have issued 12 month target prices 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 $1,285.41 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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 stock has increased by 9.7% and is now trading at $1,224.46.
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) announced its quarterly earnings results on Thursday, March, 7th. The semiconductor manufacturer reported $10.99 EPS 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 business's revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period in the prior year, the business earned $9.83 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 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 annualized dividend and a dividend yield of 1.72%. 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 1.74%. 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 45.39% 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 approved a share repurchase 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 buy up to 4.3% of its stock through open market purchases. Stock buyback programs 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 updated its FY 2024 earnings guidance on Thursday, March, 7th. The company provided 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 number of institutional and retail investors. Top institutional shareholders include Raymond James & Associates (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Los Angeles Capital Management LLC (0.07%), AMF Tjanstepension AB (0.04%), State of Michigan Retirement System (0.04%) and Sarasin & Partners LLP (0.04%). 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.
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This page (NASDAQ:AVGO) was last updated on 4/23/2024 by MarketBeat.com Staff

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