Broadcom - AVGO Stock Forecast, Price & News

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 2 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVGO shares.
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24 Wall Street analysts have issued twelve-month target prices for Broadcom's shares. Their AVGO share price forecasts range from $615.00 to $775.00. On average, they predict the company's stock price to reach $675.33 in the next twelve months. This suggests a possible upside of 44.1% from the stock's current price.
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Broadcom's stock was trading at $665.41 at the beginning of the year. Since then, AVGO stock has decreased by 29.6% and is now trading at $468.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Thursday, September, 1st. The semiconductor manufacturer reported $9.07 earnings per share for the quarter, topping analysts' consensus estimates of $8.84 by $0.23. The semiconductor manufacturer had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.41 billion. Broadcom had a trailing twelve-month return on equity of 63.42% and a net margin of 31.96%. Broadcom's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $6.32 earnings per share.
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Broadcom announced a quarterly dividend on Thursday, September 1st. Stockholders of record on Thursday, September 22nd will be paid a dividend of $4.10 per share on Friday, September 30th. This represents a $16.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, September 21st.
Read our dividend analysis for AVGO.

Broadcom (NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 3.50%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

Broadcom announced that its Board of Directors has approved a share repurchase program on Thursday, May 26th 2022, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Broadcom issued an update on its fourth quarter 2022 earnings guidance on Thursday, September, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.90 billion-$8.90 billion, compared to the consensus revenue estimate of $8.73 billion.

159 employees have rated Broadcom Chief Executive Officer Hock E. Tan on Glassdoor.com. Hock E. Tan has an approval rating of 38% among the company'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 retail and institutional investors. Top institutional investors include State Street Corp (3.88%), Northern Trust Corp (1.15%), Legal & General Group Plc (0.65%), FMR LLC (0.60%), Clearbridge Investments LLC (0.59%) and Jennison Associates LLC (0.56%). Insiders that own company 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.
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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 $468.68.

Broadcom (NASDAQ:AVGO) has a market capitalization of $189.82 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $23.12 on an earnings per share basis.

The company employs 20,000 workers across the globe.

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