Broadcom Stock Forecast, Price & News

Broadcom's stock was trading at $245.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 89.5% and is now trading at $466.09.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 23 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 MarketBeat's top 5 stock picks.

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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.

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Broadcom.

Broadcom Inc. (NASDAQ:AVGO) announced its quarterly earnings data on Wednesday, December, 9th. The semiconductor manufacturer reported $6.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $6.25 by $0.10. The semiconductor manufacturer earned $6.47 billion during the quarter, compared to analysts' expectations of $6.43 billion. Broadcom had a net margin of 12.39% and a trailing twelve-month return on equity of 35.23%. Broadcom's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.39 earnings per share.
View Broadcom's earnings history.

Broadcom declared a quarterly dividend on Thursday, December 10th. Investors of record on Monday, December 21st will be given a dividend of $3.60 per share on Thursday, December 31st. This represents a $14.40 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, December 18th. This is an increase from Broadcom's previous quarterly dividend of $3.25.
View Broadcom's dividend history.

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 3.10%. Broadcom has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to 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 updated its first quarter 2021 After-Hours earnings guidance on Thursday, December, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.6-6.6 billion, compared to the consensus revenue estimate of $6.52 billion.

28 equities research analysts have issued 1 year target prices for Broadcom's stock. Their forecasts range from $215.00 to $500.00. On average, they expect Broadcom's stock price to reach $421.96 in the next year. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for Broadcom or view Wall Street analyst' top-rated stocks.

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), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), SunPower (SPWR) 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 New York State Teachers Retirement System (0.13%), Sarasin & Partners LLP (0.11%), KAMES CAPITAL plc (0.09%), Hamlin Capital Management LLC (0.06%), Strs Ohio (0.05%) and Janney Montgomery Scott LLC (0.04%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Eddy W Hartenstein, Harry L You, Henry Samueli, 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 Hexavest Inc., Sarasin & Partners LLP, Candriam Luxembourg S.C.A., New York State Teachers Retirement System, Transform Wealth LLC, Pacer Advisors Inc., Bainco International Investors, and Gateway Investment Advisers 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, 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 KAMES CAPITAL plc, Nisa Investment Advisors LLC, Louisiana State Employees Retirement System, Guinness Asset Management LTD, Kestra Advisory Services LLC, Pendal Group Limited, Highland Capital Management LLC, and Benson Investment Management Company Inc.. 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.

One share of AVGO stock can currently be purchased for approximately $466.09.

Broadcom has a market capitalization of $189.56 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 official website for Broadcom is www.broadcom.com.

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]