Broadcom Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom or view top-rated stocks.

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

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

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AVGO shares have increased by 97.3% and is now trading at $485.40.
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Broadcom declared a quarterly dividend on Thursday, June 3rd. Shareholders of record on Tuesday, June 22nd will be given a dividend of $3.60 per share on Wednesday, June 30th. This represents a $14.40 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, June 21st.
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 52.88% 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 third quarter 2021 earnings guidance on Tuesday, June, 29th. 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.

23 analysts have issued 12 month price objectives for Broadcom's stock. Their forecasts range from $360.00 to $580.00. On average, they anticipate Broadcom's stock price to reach $496.91 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
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), Marvell Technology (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC) and Silicon Laboratories (SLAB).
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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 shareholders include Alliancebernstein L.P. (0.27%), Cantillon Capital Management LLC (0.27%), Sarasin & Partners LLP (0.09%), Aegon Asset Management UK PLC (0.08%), State of Michigan Retirement System (0.05%) and Cornerstone Investment Partners LLC (0.05%). Company insiders that own Broadcom stock include 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, Thomas H Krause 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 Aegon Asset Management UK PLC, Calamos Advisors LLC, Ziegler Capital Management LLC, Cantillon Capital Management LLC, TCW Group Inc., PGGM Investments, Avalon Investment & Advisory, and Woodward Diversified Capital LLC. 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, 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 MUFG Securities EMEA plc, Zurcher Kantonalbank Zurich Cantonalbank , Alliancebernstein L.P., Cardinal Capital Management Inc., CCM Investment Advisers LLC, Exchange Traded Concepts LLC, Mizuho Markets Cayman LP, and Huntington National Bank. 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 $485.40.

Broadcom has a market capitalization of $199.14 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 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.

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]