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S&P 500   3,693.23
DOW   29,590.41
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Gold is about to SOAR – here’s what you need to do (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
CEO of biggest PE firm predicts “social unrest” (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Why I Sued the Gov’t – And What I Recommend Now (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
CEO of biggest PE firm predicts “social unrest” (Ad)
German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
Why I Sued the Gov’t – And What I Recommend Now (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show

Broadcom - AVGO Stock Forecast, Price & News

$468.68
-8.93 (-1.87%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$462.00
$477.99
50-Day Range
$468.68
$558.96
52-Week Range
$462.00
$677.76
Volume
2.96 million shs
Average Volume
2.52 million shs
Market Capitalization
$189.82 billion
P/E Ratio
20.27
Dividend Yield
3.43%
Price Target
$675.33

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
44.1% Upside
$675.33 Price Target
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.06mentions of Broadcom in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.75%
From $34.41 to $37.42 Per Share

Overall MarketRank

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

3.49 out of 5 stars

Computer And Technology Sector

8th out of 627 stocks

Semiconductors & Related Devices Industry

1st out of 94 stocks

AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

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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AVGO Stock News Headlines

Broadcom Bounces From Institutional Bottom 
3 Deflation Enablers Stocks that Can Thrive in a Recession (AVGO)
Deflation enablers are companies that help organizations cut costs, grow efficiencies, and optimize performance during uncertain times.
The Collapse of 2022 Has Begun
Almost every asset you own could be in grave danger -- stocks, bonds, real estate and even banks. Today, Dr. Martin Weiss reveals his survival plan for these unprecedented times. Protect your wealth now. pixel
NVIDIA: A Top Choice In Bifurcated Chip Market?  (AVGO)
Shares of NVIDIA are set to underperform the semiconductor market in the back half of the year but Broadcom is not. Datacenter demand should drive good results
The Collapse of 2022 Has Begun
Almost every asset you own could be in grave danger -- stocks, bonds, real estate and even banks. Today, Dr. Martin Weiss reveals his survival plan for these unprecedented times. Protect your wealth now. pixel
Don't Like NVIDIA? Try These 3 Tech Stocks Instead
Favorable Odds On Broadcom's Acquisition Of VMware
3 Semiconductor Stocks to Buy on the Dip
Broadcom: Q3 Results Reinforce The Positive Outlook
See More Headlines
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AVGO Company Calendar

Ex-Dividend for 6/30 Dividend
6/21/2022
Dividend Payable
6/30/2022
Last Earnings
9/01/2022
Ex-Dividend for 9/30 Dividend
9/21/2022
Today
9/24/2022
Dividend Payable
9/30/2022
Fiscal Year End
10/31/2022
Next Earnings (Estimated)
12/08/2022

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
$675.33
High Stock Price Forecast
$775.00
Low Stock Price Forecast
$615.00
Forecasted Upside/Downside
+44.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
24 Analysts

Profitability

Net Income
$6.74 billion
Pretax Margin
34.67%

Debt

Sales & Book Value

Annual Sales
$27.45 billion
Cash Flow
$41.11 per share
Book Value
$51.54 per share

Miscellaneous

Free Float
395,686,000
Market Cap
$189.82 billion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • Mr. Hock E. TanMr. Hock E. Tan (Age 70)
    CEO, Pres & Exec. Director
    Comp: $6.65M
  • Ms. Kirsten M. SpearsMs. Kirsten M. Spears (Age 58)
    CFO & Chief Accounting Officer
    Comp: $994.61k
  • Dr. Charlie B. Kawwas Ph.D. (Age 51)
    Chief Operating Officer
    Comp: $2.21M
  • Mr. Mark D. Brazeal (Age 54)
    Chief Legal & Corp. Affairs Officer
    Comp: $1.34M
  • 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
  • Mr. Ed Redmond
    Sr. VP & GM of Compute & Connectivity Division













AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 22 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 2022?

24 equities research analysts have issued 1 year price targets for Broadcom's stock. Their AVGO share price forecasts range from $615.00 to $775.00. On average, they expect the company's stock price to reach $675.33 in the next twelve months. This suggests a possible upside of 44.1% 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 2022?

Broadcom's stock was trading at $665.41 at the beginning of 2022. Since then, AVGO shares have decreased by 29.6% and is now trading at $468.68.
View the best growth stocks for 2022 here
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our AVGO earnings forecast
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Thursday, September, 1st. The semiconductor manufacturer reported $9.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.84 by $0.23. The semiconductor manufacturer earned $8.46 billion during the quarter, compared to analysts' expectations of $8.41 billion. Broadcom had a trailing twelve-month return on equity of 63.42% and a net margin of 31.96%. The firm's revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $6.32 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 Thursday, September 1st. Shareholders of record on Thursday, September 22nd will be paid a dividend of $4.10 per share on Friday, September 30th. This represents a $16.40 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, September 21st.
Read our dividend analysis for AVGO
.

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 3.43%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.83% 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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 26th 2022, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

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

Broadcom updated its fourth quarter 2022 earnings guidance on Thursday, September, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.90 billion-$8.90 billion, compared to the consensus revenue estimate of $8.73 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)
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 many different institutional and retail investors. Top institutional investors include State Street Corp (3.88%), Northern Trust Corp (1.15%), Legal & General Group Plc (0.65%), FMR LLC (0.60%), Clearbridge Investments LLC (0.59%) and Jennison Associates LLC (0.56%). 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, 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 $468.68.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $189.82 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $23.12 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 9/25/2022 by MarketBeat.com Staff

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