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S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
NASDAQ:AVGO

Broadcom - AVGO Stock Forecast, Price & News

$585.01
+3.56 (+0.61%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$580.74
$587.23
50-Day Range
$518.50
$598.58
52-Week Range
$415.07
$645.31
Volume
2.37 million shs
Average Volume
2.23 million shs
Market Capitalization
$244.47 billion
P/E Ratio
22.08
Dividend Yield
3.11%
Price Target
$667.21

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
14.1% Upside
$667.21 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.76mentions of Broadcom in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$97,726 Sold Last Quarter
Proj. Earnings Growth
7.40%
From $37.28 to $40.04 Per Share

Overall MarketRank

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

3.10 out of 5 stars

Computer And Technology Sector

26th out of 631 stocks

Semiconductors & Related Devices Industry

4th out of 92 stocks


AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

Broadcom, Inc. is a global technology company, which designs, develops, and supplies semiconductor and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise, and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise, and storage area networking solutions. The company was founded in 1961 and is headquartered in San Jose, CA.

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AVGO Stock News Headlines

EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up (AVGO)
Chipmaker STMicroelectronics gapped up 7.75% after significantly topping Q4 earnings views, largely on the strength of silicon carbide chips used in EVs.
These 4 Semiconductor Stocks Are Hot Buys Right Now
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Broadcom (NASDAQ:AVGO) Price Target Cut to $659.00
The Pros And Cons Of Investing In Broadcom In 2023
Broadcom: Still One Of The Best Tech Income Stocks
3 Nasdaq Stocks to Buy Now and Hold Forever
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
A Look At The Fair Value Of Broadcom Inc. (NASDAQ:AVGO)
3 Chip Stocks That Should Be on Your Radar Today
3 Top Dividend Growth Stocks I'm Buying to Close Out 2022
Tech Is in a Slump, but Broadcom Is Still Growing
Broadcom Full Year 2022 Earnings: EPS Beats Expectations
3 Top Nasdaq Stocks to Buy for December
See More Headlines
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AVGO Company Calendar

Last Earnings
12/08/2022
Ex-Dividend for 12/30 Dividend
12/19/2022
Dividend Payable
12/30/2022
Today
2/01/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
10/31/2023

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
$667.21
High Stock Price Forecast
$775.00
Low Stock Price Forecast
$555.00
Forecasted Upside/Downside
+14.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$11.50 billion
Pretax Margin
37.45%

Debt

Sales & Book Value

Annual Sales
$33.20 billion
Cash Flow
$48.07 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
408,275,000
Market Cap
$244.47 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Hock E. TanHock E. Tan
    President, Chief Executive Officer & Director
  • Kirsten M. SpearsKirsten M. Spears
    Chief Financial & Accounting Officer
  • Alan Davidson
    Chief Information Officer
  • Charlie B. KawwasCharlie B. Kawwas
    President-Semiconductor Solutions Group
  • Ivy Pong
    Vice President-Global Taxation













AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVGO shares.
View AVGO analyst ratings
or view top-rated stocks.

What is Broadcom's stock price forecast for 2023?

18 brokerages have issued 12-month price targets for Broadcom's stock. Their AVGO share price forecasts range from $555.00 to $775.00. On average, they predict the company's share price to reach $667.21 in the next year. This suggests a possible upside of 14.1% 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 beginning of the year. Since then, AVGO stock has increased by 4.6% and is now trading at $585.01.
View the best growth stocks for 2023 here
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our AVGO earnings forecast
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) released its earnings results on Thursday, December, 8th. The semiconductor manufacturer reported $9.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.50 by $0.25. The semiconductor manufacturer earned $8.93 billion during the quarter, compared to analyst estimates of $8.90 billion. Broadcom had a net margin of 34.62% and a trailing twelve-month return on equity of 70.00%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 earnings per share.
Read the conference call transcript
.

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

Broadcom declared a quarterly dividend on Thursday, December 8th. Investors of record on Tuesday, December 20th will be given a dividend of $4.60 per share on Friday, December 30th. This represents a $18.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, December 19th. This is a boost from the stock's previous quarterly dividend of $4.10.
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 3.11%. 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 69.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.95% 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 stock buyback plan 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 purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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

Broadcom issued an update on its first quarter 2023 earnings guidance on Thursday, December, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.90 billion-$8.90 billion, compared to the consensus revenue estimate of $8.79 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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), M&G Investment Management Ltd. (0.18%), New York State Common Retirement Fund (0.16%), New York State Teachers Retirement System (0.11%), Sarasin & Partners LLP (0.07%) and Fifth Third Bancorp (0.07%). Insiders that own company 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, Justine Page, 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
.

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 $585.01.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $244.47 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $26.50 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 2/1/2023 by MarketBeat.com Staff