Broadcom Stock Forecast, Price & News

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Broadcom stock.
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Broadcom saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 6,440,000 shares, an increase of 33.1% from the March 15th total of 4,840,000 shares. Based on an average daily trading volume, of 2,210,000 shares, the days-to-cover ratio is currently 2.9 days.
View Broadcom's Short Interest.

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, June 3rd 2021.
View our earnings forecast for Broadcom.

Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings results on Wednesday, March, 3rd. The semiconductor manufacturer reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $6.56 by $0.05. The semiconductor manufacturer earned $6.66 billion during the quarter, compared to analyst estimates of $6.61 billion. Broadcom had a net margin of 12.39% and a trailing twelve-month return on equity of 35.23%. The business's revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.25 EPS.
View Broadcom's earnings history.

Broadcom's stock was trading at $245.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 94.0% and is now trading at $477.30.
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Broadcom declared a quarterly dividend on Thursday, March 4th. Shareholders of record on Monday, March 22nd will be paid a dividend of $3.60 per share on Wednesday, March 31st. This represents a $14.40 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, March 19th.
View Broadcom's dividend history.

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 2.97%. Broadcom has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Broadcom is 78.05%. 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 60.86% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

Broadcom issued an update on its second quarter 2021 After-Hours earnings guidance on Thursday, March, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.5-6.5 billion, compared to the consensus revenue estimate of $6.33 billion.

27 brokerages have issued 1-year target prices for Broadcom's stock. Their forecasts range from $360.00 to $580.00. On average, they expect Broadcom's stock price to reach $470.36 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for Broadcom or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Broadcom include NVIDIA (NVDA), Intel (INTC), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
View all of AVGO's competitors.

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), The Walt Disney (DIS), QUALCOMM (QCOM), Intel (INTC), salesforce.com (CRM), AbbVie (ABBV) and Cisco Systems (CSCO).

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

Broadcom's stock is owned by a variety of institutional and retail investors. Top institutional investors include Royal London Asset Management Ltd. (0.06%), Gateway Investment Advisers LLC (0.03%), Gofen & Glossberg LLC IL (0.03%), Calamos Advisors LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Randolph Co Inc (0.02%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Eddy W Hartenstein, Harry L You, Henry Samueli, Hock E Tan, Hock E Tan, Justine Lien, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez and Thomas H Krause.
View institutional ownership trends for Broadcom.

AVGO stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Gateway Investment Advisers LLC, FDx Advisors Inc., Hexavest Inc., American National Bank, Community Trust & Investment Co., Pacer Advisors Inc., and Oak Harvest Investment Services. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Eddy W Hartenstein, 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.

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Everence Capital Management Inc., Harbour Capital Advisors LLC, Renaissance Investment Group LLC, Louisiana State Employees Retirement System, TrimTabs Asset Management LLC, FDx Advisors Inc., and Liberty One Investment Management LLC. 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.

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.
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One share of AVGO stock can currently be purchased for approximately $477.30.

Broadcom has a market capitalization of $194.88 billion and generates $23.89 billion in revenue each year. The semiconductor manufacturer earns $2.96 billion in net income (profit) each year or $18.45 on an earnings per share basis.

Broadcom employs 21,000 workers across the globe.

The following companies are subsidiares of Broadcom: Agere Systems, Allayer Technologies, Alphamosaic, Altocom, Athena Semiconductors, Avago Technologies Cayman Ltd., Avago Technologies International Sales Pte. Limited, Avago Technologies Japan Ltd., Avago Technologies U.S. Inc., Avago Technologies Wireless (U.S.A.) Manufacturing LLC, Bay Dynamics, Beceem Communications, BroadLight, BroadLogic Network Technologies, Broadcom Bermuda LP, Broadcom Corporation, Broadcom International Limited, Broadcom Technologies Inc., Brocade, Brocade Communications Systems, Brocade Communications Systems LLC, CA Europe Sárl, CA Inc., CA Technologies, 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, ServerWorks International Ltd., SiByte, Silicon Spice, Siliquent Technologies, Symantec, Teknovus, VisionTech, WIDCOMM, Zeevo, and Zyray Wireless.

Broadcom was founded in 1961.

The official website for Broadcom is www.broadcom.com.

Broadcom is headquartered at 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131.

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]