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NASDAQ:AVGO - Broadcom Stock Price, Forecast & News

$318.31
+9.28 (+3.00 %)
(As of 01/29/2020 03:43 AM ET)
Today's Range
$312.77
Now: $318.31
$319.23
50-Day Range
$299.22
MA: $314.73
$327.80
52-Week Range
$250.09
Now: $318.31
$331.58
Volume2.31 million shs
Average Volume2.88 million shs
Market Capitalization$126.62 billion
P/E Ratio49.43
Dividend Yield4.21%
Beta0.9
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. Read More…

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$33.37 per share
Book Value($0.35) per share

Profitability

Net Income$2.72 billion

Miscellaneous

Employees19,000
Market Cap$126.62 billion
Next Earnings Date3/12/2020 (Estimated)
OptionableOptionable

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

What is Broadcom's stock symbol?

Broadcom trades on the NASDAQ under the ticker symbol "AVGO."

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

Broadcom announced a quarterly dividend on Thursday, December 12th. Investors of record on Monday, December 23rd will be given a dividend of $3.25 per share on Tuesday, December 31st. This represents a $13.00 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, December 20th. This is a boost from Broadcom's previous quarterly dividend of $2.65. View Broadcom's Dividend History.

How will Broadcom's stock buyback program work?

Broadcom declared that its Board of Directors has initiated a stock buyback 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 stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) released its quarterly earnings results on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $5.35 by $0.04. The semiconductor manufacturer had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.74 billion. Broadcom had a net margin of 12.06% and a return on equity of 46.16%. Broadcom's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $5.85 earnings per share. View Broadcom's Earnings History.

When is Broadcom's next earnings date?

Broadcom is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Broadcom.

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

Broadcom updated its FY 2020 After-Hours earnings guidance on Thursday, December, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $24.5-25.5 billion, compared to the consensus revenue estimate of $23.26.

What price target have analysts set for AVGO?

33 analysts have issued 1-year price targets for Broadcom's shares. Their forecasts range from $253.03 to $385.00. On average, they expect Broadcom's stock price to reach $335.93 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for Broadcom.

What is the consensus analysts' recommendation for Broadcom?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 26 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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 reported mixed second-quarter results, wherein the bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. Notably, revenues increased on a year over year basis. The company is benefiting from strong demand of its wireless solutions and expanding product portfolio, which makes it well-positioned to address the needs of rapidly growing technologies like IoT and 5G. Strong ties with leading OEMs across multiple target markets will help the company to gain key insights into the requirements of customers. Further, Broadcom is a leading player in the semiconductor market based on its multiple target markets, accretive acquisitions and strong cash flow. However, the company lowered its fiscal 2019 revenues outlook. Further, intensifying competition, integration risks and leveraged balance sheet adds to the woes." (6/18/2019)
  • 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?

News stories about AVGO stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Broadcom earned a news impact score of -1.0 on InfoTrie's scale. They also gave media stories about the semiconductor manufacturer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Broadcom.

Are investors shorting Broadcom?

Broadcom saw a drop in short interest in January. As of January 15th, there was short interest totalling 4,200,000 shares, a drop of 10.3% from the December 31st total of 4,680,000 shares. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the company's shares are short sold. View Broadcom's Current Options Chain.

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), AT&T (T), Intel (INTC) and salesforce.com (CRM).

Who are Broadcom's key executives?

Broadcom's management team includes the folowing 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)

Who are Broadcom's major shareholders?

Broadcom's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.23%), New York State Teachers Retirement System (0.14%), Artemis Investment Management LLP (0.10%), KAMES CAPITAL plc (0.07%), Strs Ohio (0.07%) and Factory Mutual Insurance Co. (0.06%). 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 Strs Ohio, Factory Mutual Insurance Co., Commerzbank Aktiengesellschaft FI, Zurcher Kantonalbank Zurich Cantonalbank, Gateway Investment Advisers LLC, Virginia Retirement Systems ET AL, Meag Munich Ergo Kapitalanlagegesellschaft MBH and Park National Corp OH. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Hock E Tan, Kirsten M Spears, Mark David Brazeal and Thomas H Krause. View Insider Buying and Selling for Broadcom.

Which institutional investors are buying Broadcom stock?

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, SG Americas Securities LLC, M&G Investment Management Ltd., Sabal Trust CO, Mckinley Capital Management LLC Delaware, Hexavest Inc., First American Bank and Artemis Investment Management LLP. View Insider Buying and Selling 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 $318.31.

How big of a company is Broadcom?

Broadcom has a market capitalization of $126.62 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:  2,174 (Vote Outperform)
Underperform Votes:  828 (Vote Underperform)
Total Votes:  3,002
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 1/29/2020 by MarketBeat.com Staff

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