Broadcom Stock Forecast, Price & News

$471.17
+5.42 (+1.16 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$463.94
$475.24
50-Day Range
$422.38
$485.48
52-Week Range
$302.77
$495.14
Volume2.07 million shs
Average Volume2.04 million shs
Market Capitalization$193.30 billion
P/E Ratio43.91
Dividend Yield3.09%
Beta0.93
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Broadcom logo

About Broadcom

Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers 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's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. It operates through two segments, Semiconductor Solutions and Infrastructure Software. The company was incorporated in 2018 and is based in San Jose, California.

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MarketRank

Overall MarketRank

2.58 out of 5 stars

Computer And Technology Sector

9th out of 1,587 stocks

Semiconductors & Related Devices Industry

3rd out of 151 stocks

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom
or view top-rated stocks.

What stocks does MarketBeat like better than Broadcom?

Wall Street analysts have given Broadcom a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Broadcom wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 2nd 2021.
View our earnings forecast for Broadcom
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) released its earnings results on Wednesday, June, 2nd. The semiconductor manufacturer reported $6.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.43 by $0.19. The semiconductor manufacturer had revenue of $6.61 billion for the quarter, compared to analysts' expectations of $6.51 billion. Broadcom had a net margin of 19.11% and a trailing twelve-month return on equity of 41.39%. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS.
View Broadcom's earnings history
.

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

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AVGO shares have increased by 91.6% and is now trading at $471.17.
View which stocks have been most impacted by COVID-19
.

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

Broadcom declared a quarterly dividend on Thursday, June 3rd. Shareholders of record on Tuesday, June 22nd will be paid a dividend of $3.60 per share on Wednesday, June 30th. This represents a $14.40 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, June 21st.
View Broadcom's dividend history
.

Is Broadcom a good dividend stock?

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 3.09%. 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 52.88% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

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

Broadcom updated its third quarter 2021 earnings guidance on Tuesday, June, 15th. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $6.75 billion-6.75 billion, compared to the consensus revenue estimate of $6.60 billion.

What price target have analysts set for AVGO?

25 brokerages have issued 1-year target prices for Broadcom's stock. Their forecasts range from $360.00 to $580.00. On average, they anticipate Broadcom's share price to reach $493.48 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
View analysts' price targets for Broadcom
or view top-rated stocks among Wall Street analysts.

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 69, Pay $3.7M) (LinkedIn Profile)
  • Ms. Kirsten M. Spears, CFO & Chief Accounting Officer (Age 57, Pay $537.07k) (LinkedIn Profile)
  • Dr. Charlie B. Kawwas, Chief Operating Officer (Age 50, Pay $1.03M) (LinkedIn Profile)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 53, Pay $1.53M) (LinkedIn Profile)
  • Mr. Thomas H. Krause Jr., Pres of Infrastructure Software Group (Age 43, Pay $1.02M) (LinkedIn Profile)
  • Mr. Alan Davidson, Chief Information Officer
  • Ji Yoo, Director of Investor Relations
  • Ms. Debbie Streeter, VP of HR (LinkedIn Profile)
  • Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division (LinkedIn Profile)
  • Mr. Greg Fischer, Sr. VP & GM of Broadband Carrier Access Products Division (LinkedIn Profile)

What is Hock E. Tan's approval rating as Broadcom's CEO?

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.

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), The Walt Disney (DIS), QUALCOMM (QCOM), Intel (INTC), salesforce.com (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 Capital International Investors (8.14%), BlackRock Inc. (6.68%), Ameriprise Financial Inc. (1.55%), Geode Capital Management LLC (1.54%), Northern Trust Corp (1.17%) and Price T Rowe Associates Inc. MD (0.97%). 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
.

Which major investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Schafer Cullen Capital Management Inc, Nuveen Asset Management LLC, Janus Henderson Group PLC, Capitolis Advisors LLC, Vontobel Holding Ltd., APG Asset Management N.V., and Great West Life Assurance Co. Can. 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.

Which major investors are buying Broadcom stock?

AVGO stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Franklin Resources Inc., Morgan Stanley, Healthcare of Ontario Pension Plan Trust Fund, Dimensional Fund Advisors LP, Rafferty Asset Management LLC, Capital International Investors, and Cullen Capital 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.

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 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 $471.17.

How much money does Broadcom make?

Broadcom has a market capitalization of $193.30 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.

How many employees does Broadcom have?

Broadcom employs 21,000 workers across the globe.

Does Broadcom have any subsidiaries?

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

When was Broadcom founded?

Broadcom was founded in 1961.

What is Broadcom's official website?

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

Where are Broadcom's headquarters?

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

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]


This page was last updated on 6/17/2021 by MarketBeat.com Staff
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