NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$498.45

-7.26 (-1.44%)

(As of 06/28/2022 04:00 PM ET)

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Today's Range: $498.11
▼
$514.15
50-Day Range: $496.10
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$608.15
52-Week Range: $455.71
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$677.76

Volume: 1.57 million shs
Average Volume: 2.54 million shs
Market Capitalization: $201.28 billion

P/E Ratio: 24.71
Dividend Yield: 3.24%
Price Target: $685.70

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AVGO Stock Forecast (MarketRank)

Overall MarketRank^™

3.35 out of 5 stars

Computer And Technology Sector

20th out of 937 stocks

Semiconductors & Related Devices Industry

7th out of 124 stocks

3.4 Analyst's Opinion

Consensus Rating
Broadcom has received a consensus rating of Moderate Buy. The company's average rating score is 2.84, and is based on 21 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $685.70, Broadcom has a forecasted upside of 37.6% from its current price of $498.45.
Amount of Analyst Coverage
Broadcom has only been the subject of 4 research reports in the past 90 days.

5.0 Community Rank

Outperform Votes
Broadcom has received 2,388 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Broadcom has received 450 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Broadcom has received 84.14% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Broadcom and other stocks. Vote “Outperform” if you believe AVGO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AVGO will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
Broadcom pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Broadcom has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Broadcom is 81.31%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Broadcom will have a dividend payout ratio of 43.97% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Broadcom insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $299,666.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Broadcom is held by insiders.
Percentage Held by Institutions
81.53% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Broadcom are expected to grow by 9.87% in the coming year, from $33.95 to $37.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Broadcom is 24.71, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Broadcom is 24.71, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 46.53.
Price to Earnings Growth Ratio
Broadcom has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Broadcom has a P/B Ratio of 8.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Broadcom (NASDAQ:AVGO)

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. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing merchant silicon products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic transmitter and receiver components. The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; 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; read channel based SoCs; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, and motion control encoders and subsystems. Its 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. was incorporated in 2018 and is headquartered in San Jose, California.

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May 31, 2022 | marketbeat.com

Broadcom Is Primed To Hit A New All-Time High

Price action in Broadcom (NASDAQ: AVGO) experienced significant downward pressure over the past two quarters but we think those days are behind the stock. The downward pressure is due in large part to institutional selling that we see ending now the Q2 results are in the bag.

June 23, 2022 | finance.yahoo.com

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Zacks.com featured highlights H&R Block, W.W. Grainger, Ulta Beauty and Broadcom - Nasdaq

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Broadcom Continues On Bearish Trend - Nasdaq

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Broadcom Stock: Free Cash Flow Conversion Is Phenomenal - Seeking Alpha

June 12, 2022 | americanbankingnews.com

Broadcom Inc. (NASDAQ:AVGO) Receives $682.21 Consensus Price Target from Brokerages

June 12, 2022 | finance.yahoo.com

Broadcom's Business Model Supports Robust Dividend Growth

June 10, 2022 | stocknews.com

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June 9, 2022 | benzinga.com

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AVGO: Broadcom vs. Analog Devices: Which Chip Stock is a Better Buy? - StockNews.com

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Computer and Technology
Current Symbol: NASDAQ:AVGO
CUSIP: Y0486S10
CIK: 1730168
Web: www.broadcom.com
Phone: (408) 433-8000
Fax: N/A
Employees: 20,000
Year Founded: 1961

Company Calendar

Ex-Dividend for 3/31 Dividend: 3/21/2022
Dividend Payable: 3/31/2022
Last Earnings: 5/26/2022
Ex-Dividend for 6/30 Dividend: 6/21/2022
Today: 6/29/2022
Dividend Payable: 6/30/2022
Next Earnings (Estimated): 9/01/2022
Fiscal Year End: 10/31/2022

Price Target and Rating

Average Stock Price Forecast: $685.70
High Stock Price Forecast: $780.00
Low Stock Price Forecast: $615.00
Forecasted Upside/Downside: +37.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.84
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): $20.17
Trailing P/E Ratio: 24.71
Forward P/E Ratio: 14.68
P/E Growth: 0.96
Net Income: $6.74 billion
Net Margins: 29.76%
Pretax Margin: 31.25%
Return on Equity: 56.29%
Return on Assets: 17.71%

Debt

Debt-to-Equity Ratio: 1.87
Current Ratio: 2.14
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $27.45 billion
Price / Sales: 7.33
Cash Flow: $41.02 per share
Price / Cash Flow: 12.15
Book Value: $60.46 per share
Price / Book: 8.24

Miscellaneous

Outstanding Shares: 403,818,000
Free Float: 394,530,000
Market Cap: $201.28 billion
Optionable: Optionable
Beta: 1.04

Social Links

Broadcom Frequently Asked Questions

Should I buy or sell Broadcom stock right now?: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Broadcom stock.
View analyst ratings for Broadcom or view top-rated stocks.
What is Broadcom's stock price forecast for 2022?: 25 brokers have issued 12-month price objectives for Broadcom's stock. Their AVGO stock forecasts range from $615.00 to $780.00. On average, they predict Broadcom's stock price to reach $685.70 in the next twelve months. This suggests a possible upside of 37.6% from the stock's current price.
View analysts' price targets for Broadcom or view top-rated stocks among Wall Street analysts.
How has Broadcom's stock performed in 2022?: Broadcom's stock was trading at $665.41 on January 1st, 2022. Since then, AVGO shares have decreased by 25.1% and is now trading at $498.45.
View the best growth stocks for 2022 here.
When is Broadcom's next earnings date?: Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for Broadcom.
How were Broadcom's earnings last quarter?: Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, May, 26th. The semiconductor manufacturer reported $9.07 EPS for the quarter, topping the consensus estimate of $7.88 by $1.19. The semiconductor manufacturer had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.91 billion. Broadcom had a trailing twelve-month return on equity of 56.29% and a net margin of 29.76%. The company's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.89 EPS.
View Broadcom's earnings history.
How often does Broadcom pay dividends? What is the dividend yield for Broadcom?: Broadcom declared a quarterly dividend on Thursday, May 26th. Stockholders of record on Wednesday, June 22nd will be given a dividend of $4.10 per share on Thursday, June 30th. This represents a $16.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, June 21st.
View Broadcom's dividend history.
Is Broadcom a good dividend stock?: Broadcom(NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 3.24%. Broadcom 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 of Broadcom is 81.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Broadcom will have a dividend payout ratio of 43.97% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.
How will Broadcom's stock buyback program work?: Broadcom announced that its Board of Directors has initiated a share repurchase program on Thursday, May 26th 2022, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.
What guidance has Broadcom issued on next quarter's earnings?: Broadcom updated its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.40 billion-$8.40 billion, compared to the consensus revenue estimate of $8.01 billion.
What are Wall Street analysts saying about Broadcom stock?: Here are some recent quotes from research analysts about Broadcom stock:
1. The company reported a "solid" Q3 results, an even better outlook for Q4, and also delivered a "big" dividend increase and a "robust" buyback, the analyst tells investors in a research note. Broadcom should produce mid-single-digit sales growth through a cycle, with margin expansion and capital allocation driving earnings, free cash flows, and dividend growth per share at double-digit CAGR, Stein adds." (12/10/2021)

2. The biggest takeaway from the earnings call was the company's $10B buyback expected to be completed by FY22, which demonstrates its confidence in its ability to generate superior free cash flows into next year, the analyst tells investors in a research note. Srivastava adds that Broadcom's fundamentals are strengthening as "moribund" enterprise spending is coming back "strong"." (12/10/2021)

3. Stating that despite Broadcom reporting "generally in-line numbers" for the quarter, there is "a lot to like in the print." The positives include the company continuing to "expand its leading operating margin to impressive levels" and its "solid raise" to next quarter's revenue outlook, said Moore, who adds that management committed to a dividend raise of approximately 14% and announced a new, $10B share repurchase plan in the absence of large M&A." (12/10/2021)

4. The analyst said its margin and FCF profile remains unmatched and its $10B buyback signals commitment to capital returns though management and he wouldn't exclude further M&A. " (12/10/2021)
Who are Broadcom's key executives?: Broadcom's management team includes the following people:
Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 70, Pay $6.65M)
Ms. Kirsten M. Spears, CFO & Chief Accounting Officer (Age 58, Pay $994.61k) (LinkedIn Profile)
Dr. Charlie B. Kawwas Ph.D., Chief Operating Officer (Age 51, Pay $2.21M)
Mr. Mark D. Brazeal, Chief Legal & Corp. Affairs Officer (Age 54, Pay $1.34M) (LinkedIn Profile)
Mr. Thomas H. Krause Jr., Pres of Broadcom Software Group (Age 44, Pay $1.71M) (LinkedIn Profile)
Mr. Alan Davidson, Chief Information Officer
Ji Yoo, Director of Investor Relations
Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division
Mr. Greg Fischer, Sr. VP & GM of Broadband Carrier Access Products Division
Mr. Rich Nelson, Sr. VP & GM of Set-Top Box & Cable Modem Products Division
What is Hock E. Tan's approval rating as Broadcom's CEO?: 154 employees have rated Broadcom CEO Hock E. Tan on Glassdoor.com. Hock E. Tan has an approval rating of 38% among Broadcom's employees. This puts Hock E. Tan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Broadcom's key competitors?: Some companies that are related to Broadcom include NVIDIA (NVDA), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Power Integrations (POWI), Altair Engineering (ALTR) and Cirrus Logic (CRUS).
View all of AVGO's 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), 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.06%), Capital World Investors (8.20%), Capital International Investors (7.32%), BlackRock Inc. (7.00%), Capital Research Global Investors (5.43%) and State Street Corp (3.98%). Company insiders that own Broadcom stock include Charlie B Kawwas, Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Eddy W Hartenstein, Gayla J Delly, Harry L You, Henry Samueli, Hock E Tan, Hock E Tan, Justine Lien, Kirsten M Spears, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez, Raul J Fernandez, Thomas H Krause and Thomas H Krause.
View institutional ownership trends for Broadcom.
Which major investors are selling Broadcom stock?: AVGO stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Capital International Investors, Capital Research Global Investors, Bank of Nova Scotia, Toronto Dominion Bank, UBS Group AG, First Trust Advisors LP, and Capitolis Advisors LLC. Company insiders that have sold Broadcom company stock in the last two years include Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Gayla J Delly, 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 or view top insider-selling stocks.
Which major investors are buying Broadcom stock?: AVGO stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, BlackRock Inc., Fisher Asset Management LLC, Wellington Management Group LLP, Vanguard Group Inc., Charles Schwab Investment Management Inc., Raymond James & Associates, and JPMorgan Chase & Co.. 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 or or view top insider-buying stocks.
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 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 $498.45.
How much money does Broadcom make?: Broadcom (NASDAQ:AVGO) has a market capitalization of $201.28 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $20.17 on an earnings per share basis.
How many employees does Broadcom have?: Broadcom 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
When was Broadcom founded?: Broadcom was founded in 1961.
How can I contact Broadcom?: Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The official website for Broadcom is www.broadcom.com. The semiconductor manufacturer can be reached via phone at (408) 433-8000 or via email at [email protected].

This page (NASDAQ:AVGO) was last updated on 6/29/2022 by MarketBeat.com Staff

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Broadcom Stock Forecast, Price & News

Receive AVGO Stock News and Ratings via Email

AVGO Stock Forecast (MarketRank)

Overall MarketRank™

3.4 Analyst's Opinion

5.0 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

3.3 Dividend Strength

2.5 Company Ownership

2.5 Earnings and Valuation

About Broadcom (NASDAQ:AVGO)

AVGO Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Broadcom Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

What is Broadcom's stock price forecast for 2022?

How has Broadcom's stock performed in 2022?

When is Broadcom's next earnings date?

How were Broadcom's earnings last quarter?

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

Is Broadcom a good dividend stock?

How will Broadcom's stock buyback program work?

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

What are Wall Street analysts saying about Broadcom stock?

Who are Broadcom's key executives?

What is Hock E. Tan's approval rating as Broadcom's CEO?

Who are some of Broadcom's key competitors?

What other stocks do shareholders of Broadcom own?

What is Broadcom's stock symbol?

Who are Broadcom's major shareholders?

Which major investors are selling Broadcom stock?

Which major investors are buying Broadcom stock?

How do I buy shares of Broadcom?

What is Broadcom's stock price today?

How much money does Broadcom make?

How many employees does Broadcom have?

Does Broadcom have any subsidiaries?

When was Broadcom founded?

How can I contact Broadcom?

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