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NASDAQ:AVGO - Broadcom Stock Price, Forecast & News

$230.69
-12.48 (-5.13 %)
(As of 03/29/2020 01:45 AM ET)
Today's Range
$230.00
Now: $230.69
$242.09
50-Day Range
$167.87
MA: $268.38
$324.70
52-Week Range
$155.67
Now: $230.69
$331.58
Volume3.93 million shs
Average Volume5.49 million shs
Market Capitalization$92.23 billion
P/E Ratio38.07
Dividend Yield5.35%
Beta0.87
Broadcom Inc. designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application specific standard products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides 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 and switches; read channel based SoCs; custom flash controllers; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. The company's 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. is headquartered in San Jose, California.
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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.60 billion
Cash Flow$32.22 per share
Book Value($0.33) per share

Profitability

Net Income$2.72 billion

Miscellaneous

Employees19,000
Market Cap$92.23 billion
Next Earnings Date6/11/2020 (Estimated)
OptionableOptionable

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

How has Broadcom's stock been impacted by COVID-19 (Coronavirus)?

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AVGO stock has decreased by 6.2% and is now trading at $230.69. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Broadcom?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 28 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Broadcom.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, June 11th 2020. View our earnings forecast for Broadcom.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) issued its quarterly earnings results on Thursday, March, 12th. The semiconductor manufacturer reported $5.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $5.33 by $0.08. The semiconductor manufacturer had revenue of $5.86 billion for the quarter, compared to analysts' expectations of $5.99 billion. Broadcom had a net margin of 11.64% and a return on equity of 69.53%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.55 EPS. View Broadcom's earnings history.

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

Broadcom announced a quarterly dividend on Thursday, March 12th. Investors of record on Monday, March 23rd will be given a dividend of $3.25 per share on Tuesday, March 31st. This represents a $13.00 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Friday, March 20th. View Broadcom's dividend history.

How will Broadcom's stock buyback program work?

Broadcom declared that its board has initiated a stock repurchase program on Thursday, April 12th 2018, which permits the company to repurchase $12,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.2% of its shares through open market purchases. Shares repurchase programs 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 second quarter 2020 After-Hours earnings guidance on Thursday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $5.55-5.85 billion, compared to the consensus revenue estimate of $5.94 billion.

What price target have analysts set for AVGO?

33 brokers have issued 12 month target prices for Broadcom's shares. Their forecasts range from $215.00 to $385.00. On average, they expect Broadcom's stock price to reach $317.13 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price. View analysts' price targets for Broadcom.

What are Wall Street analysts saying about Broadcom stock?

Here are some recent quotes from research analysts about Broadcom stock:
  • 1. According to Zacks Investment Research, "Broadcom delivered mixed fiscal first-quarter results, wherein earnings surpassed the estimates, while revenues lagged the same. Moreover, the company withdrew prior guidance for fiscal 2020, owing to coronavirus crisis-led uncertainty. Further, slowdown in IT spending, as estimated by IDC, remains an overhang. Notably, shares have underperformed the industry in the past year. However, the company is well poised to gain from roll outs of 5G smartphones in semiconductor space amid accelerated deployment of 5G. Further, synergies from acquisitions of Brocade, CA and Symantec’s enterprise security business are expected to boost Broadcom’s presence in infrastructure software vertical, in the days ahead. Broadcom is well-positioned to address the needs of rapidly growing technologies like IoT and 5G, backed by an expanding product portfolio." (3/18/2020)
  • 2. Rosenblatt Securities analysts commented, "We see Huawei as already built in to the current share price for AVGO and reiterate our Buy rating and $350 PT into the print (Thursday, June 13 th ) on the company’s secular semiconductor prospect and FCF generation." (6/10/2019)

Has Broadcom been receiving favorable news coverage?

Headlines about AVGO stock have been trending very negative recently, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Broadcom earned a news impact score of -3.0 on InfoTrie's scale. They also assigned news coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutBroadcom.

Who are some of Broadcom's key 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), Cisco Systems (CSCO), Home Depot (HD), Intel (INTC), AT&T (T) and salesforce.com (CRM).

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 67)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 41)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 51)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 48)
  • Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 54)

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 Capital World Investors (10.96%), Capital International Investors (7.43%), Capital Research Global Investors (6.83%), State Street Corp (4.11%), Geode Capital Management LLC (1.40%) and Bank of New York Mellon Corp (0.95%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lake Group LLC Silver, Lewis C Eggebrecht, Mark David Brazeal and Thomas H Krause. View institutional ownership trends for Broadcom.

Which institutional investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, FMR LLC, Lyrical Asset Management LP, Bank of New York Mellon Corp, UBS Asset Management Americas Inc., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Alliancebernstein L.P., and Victory Capital Management Inc.. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Hock E Tan, Kirsten M Spears, and Mark David Brazeal. View insider buying and selling activity for Broadcom.

Which institutional investors are buying Broadcom stock?

AVGO stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Capital International Investors, Investec Asset Management LTD, Amundi Pioneer Asset Management Inc., GQG Partners LLC, DekaBank Deutsche Girozentrale, Macquarie Group Ltd., and Macquarie Group Ltd.. View insider buying and selling activity for Broadcom.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $230.69.

How big of a company is Broadcom?

Broadcom has a market capitalization of $92.23 billion and generates $22.60 billion in revenue each year. The semiconductor manufacturer earns $2.72 billion in net income (profit) each year or $17.41 on an earnings per share basis. Broadcom employs 19,000 workers across the globe. View additional information about Broadcom.

What is Broadcom's official website?

The official website for Broadcom is http://www.broadcom.com/.

How can I contact Broadcom?

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The semiconductor manufacturer can be reached via phone at 408-433-8000 or via email at [email protected]


MarketBeat Community Rating for Broadcom (NASDAQ AVGO)

Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  2,207 (Vote Outperform)
Underperform Votes:  854 (Vote Underperform)
Total Votes:  3,061
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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