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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
New CBOE “special perk” helps traders target income every weekend (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
New CBOE “special perk” helps traders target income every weekend (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
New CBOE “special perk” helps traders target income every weekend (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
All the trading advice you’ve ever received boils down to this (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

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

$923.97
-6.03 (-0.65%)
(As of 12/4/2023 ET)
Compare
Today's Range
$916.44
$930.97
50-Day Range
$814.83
$995.71
52-Week Range
$516.05
$999.87
Volume
2.50 million shs
Average Volume
2.49 million shs
Market Capitalization
$381.36 billion
P/E Ratio
28.41
Dividend Yield
1.99%
Price Target
$867.57

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
4.9% Downside
$878.45 Price Target
Short Interest
Healthy
1.80% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.46mentions of Broadcom in the last 14 days
Based on 42 Articles This Week
Insider Trading
Acquiring Shares
$10.45 M Bought Last Quarter
Proj. Earnings Growth
7.22%
From $37.83 to $40.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Computer And Technology Sector

41st out of 593 stocks

Semiconductors & Related Devices Industry

8th out of 83 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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Cybersecurity products and services provider Gen Digital Inc. may not sound familiar, but is offering the kind of growth that should make investors take notice
3 S&P stocks with growth to weather a downturn (AVGO)
S&P 500 components Broadcom, McCormick and Merck stocks are diverse stocks worth tracking for investors seeking strong earnings and dividend growth.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Arm Holdings fails to pump on earnings but still flexes its IP (AVGO)
British semiconductor company Arm Holdings plc released its first earnings since reentry into the public markets; here's why ARM stock may be a good buy
Profits soar as Airbnb, Intel, Live Nation trounce forecasts (AVGO)
Airbnb, Intel and Live Nation defied expectations with stronger-than-expected quarterly EPS. Earnings beats frequently precede greater investor confidence.
Chipmaker Lattice Knocked Down As EV Sales Soften (AVGO)
Lattice Semiconductor faces headwinds from the EV market slowdown, leading to softer forecasts. This trend affects chipmakers ON Semiconductor and Wolfspeed.
Broadcom's (AVGO) "Buy" Rating Reaffirmed at Rosenblatt Securities
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Broadcom Stock: Time To Load Up
Broadcom Introduces Industry’s First Switch With On-Chip Neural Network
Broadcom (AVGO) to Release Earnings on Thursday
Susquehanna Raises Broadcom (NASDAQ:AVGO) Price Target to $1,100.00
See More Headlines
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Company Calendar

Last Earnings
8/31/2023
Ex-Dividend for 9/29 Dividend
9/20/2023
Dividend Payable
9/29/2023
Today
12/04/2023
Next Earnings (Confirmed)
12/07/2023
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
$867.57
High Stock Price Target
$1,200.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$11.50 billion
Pretax Margin
41.60%

Debt

Sales & Book Value

Annual Sales
$35.45 billion
Cash Flow
$48.25 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
403,656,000
Market Cap
$381.36 billion
Optionable
Optionable
Beta
1.10

Social Links

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AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

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.
View AVGO analyst ratings
or view top-rated stocks.

What is Broadcom's stock price target for 2024?

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%.
View analysts price targets for AVGO
or view top-rated stocks among Wall Street analysts.

How have AVGO shares performed in 2023?

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
.

Are investors shorting Broadcom?

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
.

When is Broadcom's next earnings date?

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

How can I listen to Broadcom's earnings call?

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.

How were Broadcom's earnings last quarter?

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
.

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

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
.

Is Broadcom a good dividend stock?

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.

How will Broadcom's stock buyback program work?

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.

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 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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/5/2023 by MarketBeat.com Staff

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