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NASDAQ:AVGO

Broadcom (AVGO) Stock Forecast, Price & News

$832.20
-2.75 (-0.33%)
(As of 09:58 AM ET)
Compare
Today's Range
$827.00
$835.75
50-Day Range
$808.36
$922.89
52-Week Range
$415.07
$923.67
Volume
82,221 shs
Average Volume
2.47 million shs
Market Capitalization
$343.48 billion
P/E Ratio
25.59
Dividend Yield
2.21%
Price Target
$846.14

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
1.3% Upside
$846.14 Price Target
Short Interest
Healthy
1.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.51
Upright™ Environmental Score
News Sentiment
0.71mentions of Broadcom in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$10.45 M Bought Last Quarter
Proj. Earnings Growth
7.97%
From $37.89 to $40.91 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Computer And Technology Sector

63rd out of 606 stocks

Semiconductors & Related Devices Industry

16th out of 90 stocks


AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

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 Price History

AVGO Stock News Headlines

Big Tech Titans Feel the Chill as AI Stocks Slide (AVGO)
Tech stocks, driven by AI enthusiasm, face a slump as investors demand AI-generated revenue, not just promises. Rising interest rates are adding to tech's woes.
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Broadcom stock was slapped by several recent developments, but it remains resilient due to its 2.28% yield and history of boosting the shareholder payout.
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Qualcomm and Apple Forge Ahead with New Modem Partnership (AVGO)
Qualcomm secures its position in Apple's supply chain, for now, as the two tech giants ink a 5G modem partnership through 2026, with room to extend the deal.
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Broadcom (NASDAQ:AVGO) Rating Reiterated by Truist Financial
Company News for Sep 22, 2023
Broadcom Isn't Worth Buying On The Dip
Broadcom Stock (NASDAQ:AVGO) Just Fell. It’s a Strong Buy, Say Analysts
See More Headlines
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AVGO Company Calendar

Last Earnings
8/31/2023
Ex-Dividend for 9/29 Dividend
9/20/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Fiscal Year End
10/31/2023
Next Earnings (Estimated)
12/14/2023

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 Forecast
$846.14
High Stock Price Forecast
$1,050.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+1.3%
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
$33.20 billion
Cash Flow
$48.83 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
403,656,000
Market Cap
$344.62 billion
Optionable
Optionable
Beta
1.13

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Hock E. TanMr. Hock E. Tan (Age 71)
    Pres, CEO, & Exec. Director
    Comp: $6.69M
  • Ms. Kirsten M. SpearsMs. Kirsten M. Spears (Age 59)
    CFO & Chief Accounting Officer
    Comp: $1.06M
  • Mr. Mark D. Brazeal (Age 55)
    Chief Legal & Corp. Affairs Officer
    Comp: $1.41M
  • Dr. Charlie B. Kawwas Ph.D. (Age 52)
    Pres of Semiconductor Solutions
    Comp: $2.31M
  • Mr. Alan Davidson
    Chief Information Officer
  • Ji Yoo
    Director of Investor Relations
  • Mr. Frank Ostojic
    Sr. VP & GM of ASIC Products Division
  • Mr. Rich Nelson
    Sr. VP & GM of Broadband Video Group
  • Mr. Ed Redmond
    Sr. VP & GM of Compute & Connectivity Division
  • Mr. Greg Lotko
    Sr. VP & GM of Mainframe Software Division













AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 5 hold ratings and 14 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 forecast for 2023?

19 brokers have issued 1 year price objectives for Broadcom's stock. Their AVGO share price forecasts range from $44.00 to $1,050.00. On average, they predict the company's stock price to reach $846.14 in the next twelve months. This suggests a possible upside of 1.3% 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 2023?

Broadcom's stock was trading at $559.13 at the start of the year. Since then, AVGO shares have increased by 49.3% and is now trading at $834.95.
View the best growth stocks for 2023 here
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,340,000 shares, an increase of 6.7% from the August 31st total of 5,940,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is currently 2.7 days. Currently, 1.6% of the shares of the stock are short sold.
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 14th 2023.
View our AVGO earnings forecast
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings data 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 had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.85 billion. Broadcom had a net margin of 39.25% and a trailing twelve-month return on equity of 74.31%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.07 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, August 30th. Investors of record on Thursday, September 21st will be paid a dividend of $4.60 per share on Friday, September 29th. This represents a $18.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend 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 2.22%. 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 44.98% 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 approved a share buyback program on Thursday, May 26th 2022, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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

Broadcom updated its fourth quarter 2023 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.27 billion-$9.27 billion, compared to the consensus revenue estimate of $9.28 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).

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 institutional and retail investors. Top institutional investors include Park National Corp OH (0.00%). 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.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $834.95.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $344.62 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $32.52 on an earnings per share basis.

How many employees does Broadcom have?

The company employs 20,000 workers across the globe.

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
How can I contact Broadcom?

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The official website for the company is www.broadcom.com. The semiconductor manufacturer can be reached via phone at (408) 433-8000 or via email at investor.relations@broadcom.com.

This page (NASDAQ:AVGO) was last updated on 10/3/2023 by MarketBeat.com Staff

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