Broadcom - AVGO Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Broadcom stock.
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26 Wall Street analysts have issued 12-month price objectives for Broadcom's stock. Their AVGO stock forecasts range from $615.00 to $780.00. On average, they anticipate Broadcom's stock price to reach $680.46 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
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Broadcom's stock was trading at $665.41 at the start of the year. Since then, AVGO stock has decreased by 17.1% and is now trading at $551.44.
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Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for Broadcom.

Broadcom will be holding an earnings conference call on Thursday, September 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings results on Thursday, May, 26th. The semiconductor manufacturer reported $8.39 EPS for the quarter, beating the consensus estimate of $7.88 by $0.51. The semiconductor manufacturer had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.91 billion. Broadcom had a net margin of 29.76% and a trailing twelve-month return on equity of 56.29%. The business's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $5.89 earnings per share.
Read Broadcom's conference call transcript.

Broadcom announced a quarterly dividend on Thursday, May 26th. Investors of record on Wednesday, June 22nd will be paid a dividend of $4.10 per share on Thursday, June 30th. This represents a $16.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, June 21st.
View Broadcom's dividend history.

Broadcom(NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 2.97%. Broadcom 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 of Broadcom is 81.31%. 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 43.99% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

Broadcom announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 26th 2022, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Broadcom updated its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.40 billion-$8.40 billion, compared to the consensus revenue estimate of $8.01 billion.

159 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. 45.0% of employees surveyed would recommend working at Broadcom to a friend.

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).

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

Broadcom's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.56%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Cantillon Capital Management LLC (0.26%), Van ECK Associates Corp (0.19%), Thornburg Investment Management Inc. (0.18%) and abrdn plc (0.16%). Company insiders that own Broadcom 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 for 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.
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One share of AVGO stock can currently be purchased for approximately $551.44.

Broadcom (NASDAQ:AVGO) has a market capitalization of $222.68 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $20.17 on an earnings per share basis.

Broadcom employs 20,000 workers across the globe.

Broadcom was founded in 1961.

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The official website for Broadcom is www.broadcom.com. The semiconductor manufacturer can be reached via phone at (408) 433-8000 or via email at investor.relations@broadcom.com.