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. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides 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; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. 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. is based in San Jose, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000
Debt
Debt-to-Equity Ratio0.64
Current Ratio3.98
Quick Ratio3.42
Price-To-Earnings
Trailing P/E Ratio17.18
Forward P/E Ratio13.68
P/E Growth1
Sales & Book Value
Annual Sales$17.64 billion
Price / Sales5.80
Cash Flow$27.9864 per share
Price / Cash8.84
Book Value$66.40 per share
Price / Book3.73
Profitability
EPS (Most Recent Fiscal Year)$14.30
Net Income$1.69 billion
Net Margins58.18%
Return on Equity28.54%
Return on Assets14.89%
Miscellaneous
Employees14,000
Outstanding Shares413,450,000
Market Cap$99.97 billion
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, September 6th. Stockholders of record on Wednesday, September 19th will be paid a dividend of $1.75 per share on Friday, September 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, September 18th. View Broadcom's Dividend History.
How will Broadcom's stock buyback program work?
Broadcom declared that its board has initiated a share repurchase program on Thursday, April 12th 2018, which authorizes the company to buyback $12,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.
How were Broadcom's earnings last quarter?
Broadcom Inc (NASDAQ:AVGO) issued its quarterly earnings data on Thursday, September, 6th. The semiconductor manufacturer reported $4.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $4.82 by $0.16. The semiconductor manufacturer had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $5.06 billion. Broadcom had a return on equity of 28.54% and a net margin of 58.18%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.10 EPS. View Broadcom's Earnings History.
When is Broadcom's next earnings date?
What price target have analysts set for AVGO?
34 brokerages have issued 12-month target prices for Broadcom's stock. Their forecasts range from $220.00 to $337.00. On average, they expect Broadcom's stock price to reach $291.9394 in the next year. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Broadcom.
What is the consensus analysts' recommendation for Broadcom?
34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 27 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 has put up modest third-quarter fiscal 2018 numbers, with bottom line surpassing the Zacks Consensus Estimate, but the top line matching the same. Notably, the company provided an encouraging fourth-quarter guidance. Broadcom 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. Nonetheless, the company faces intensifying competition and integration risks due to frequent acquisitions. The company’s leveraged balance sheet and customer concentration continue to be headwinds." (9/11/2018)
- 2. Mizuho analysts commented, "We believe investors should be taking a second look at AVGO. AVGO has underperformed the SOX but provides an attractive opportunity with a dominant market share, and a significant earnings and FCF machine AVGO reported an upside JulQ with 67.3% non-GAAP and guided to a stronger OctQ. With ~$6B in buybacks remaining, $8B+ of FCF, and a ~3%+ dividend yield, we believe AVGO is well positioned as it trades at <11x our conservative F19E EPS. Adjusting our estimates, reiterating our Buy and $280 PT."" (9/7/2018)
- 3. Rosenblatt Securities analysts commented, "We rate AVGO Buy and reiterate our $340 price target into the January quarter print on March 15th which we expect to be in-line. CFIUS involvement and the political climate in Washington do not bode well for the Qualcomm (QCOM: Neutral) deal but Broadcom wins regardless. Recall management last quarter raised long-term non-GAAP gross margin, operating margin, and FCF targets to 65%, 47.5%, and 40%, up from 60%, 45% and 35% respectively. Broadcom Ltd. (AVGO) Price Chart– 1 Yr Chart Source: Trading View Company Summary: Broadcom Limited designs, develops, and supplies semiconductors and integrated circuits. The Company offers products such as broadband carrier access, cables, switches, network processors, and wireless connectors. Broadcom markets its products around the world." (3/11/2018)
Are investors shorting Broadcom?
Broadcom saw a drop in short interest in August. As of August 31st, there was short interest totalling 7,621,092 shares, a drop of 15.6% from the August 15th total of 9,028,050 shares. Based on an average daily volume of 3,006,621 shares, the short-interest ratio is presently 2.5 days. Approximately 1.8% of the shares of the company are short sold. View Broadcom's Current Options Chain.
Who are some of Broadcom's key competitors?
Some companies that are related to Broadcom include Taiwan Semiconductor Mfg. (TSM), Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Kyocera (KYO), Xilinx (XLNX) and Microchip Technology (MCHP).
Who are Broadcom's key executives?
Broadcom's management team includes the folowing people:
- Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 66)
- Mr. Thomas H. Krause Jr., CFO & Sec. (Age 40)
- Mr. Mark Brazeal, Chief Legal Officer (Age 50)
- Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 47)
- Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 53)
Has Broadcom been receiving favorable news coverage?
News headlines about AVGO stock have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Broadcom earned a news impact score of 0.18 on Accern's scale. They also assigned media coverage about the semiconductor manufacturer an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Broadcom.
Who are Broadcom's major shareholders?
Broadcom's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.96%), FMR LLC (2.64%), Jennison Associates LLC (1.33%), Northern Trust Corp (1.14%), Bank of New York Mellon Corp (1.08%) and Bank of New York Mellon Corp (1.08%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lake (Offshore) Aiv Gp Silver, Lake Group LLC Silver, Lewis C Eggebrecht, Patricia H Mccall 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 Factory Mutual Insurance Co., Marshall Wace LLP, Alpine Woods Capital Investors LLC, Piedmont Investment Advisors LLC, Chartwell Investment Partners LLC, TPG Group Holdings SBS Advisors Inc., Crosslink Capital Inc. and Sit Investment Associates Inc.. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Hock E Tan, Kirsten M Spears and Thomas H Krause. View Insider Buying and Selling for Broadcom.
Which institutional investors are buying Broadcom stock?
AVGO stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Jennison Associates LLC, Northern Trust Corp, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Janus Henderson Group PLC and Morgan Stanley. 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, Scottrade, Fidelity and Charles Schwab.
What is Broadcom's stock price today?
One share of AVGO stock can currently be purchased for approximately $246.87.
How big of a company is Broadcom?
Broadcom has a market capitalization of $99.97 billion and generates $17.64 billion in revenue each year. The semiconductor manufacturer earns $1.69 billion in net income (profit) each year or $14.30 on an earnings per share basis. Broadcom employs 14,000 workers across the globe.
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)
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.
