Broadcom (AVGO) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVGO shares.
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17 Wall Street research analysts have issued 1-year price targets for Broadcom's stock. Their AVGO share price forecasts range from $555.00 to $950.00. On average, they anticipate the company's stock price to reach $783.68 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.

Broadcom's stock was trading at $559.13 at the beginning of 2023. Since then, AVGO stock has increased by 45.2% and is now trading at $812.00.
View the best growth stocks for 2023 here.

Broadcom saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,560,000 shares, an increase of 7.9% from the April 30th total of 6,080,000 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is presently 3.1 days. Approximately 1.6% of the company's shares are sold short.
View Broadcom's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 7th 2023.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, June, 1st. The semiconductor manufacturer reported $10.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.12 by $0.20. The semiconductor manufacturer had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.70 billion. Broadcom had a net margin of 39.06% and a trailing twelve-month return on equity of 74.34%. Broadcom's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.39 EPS.
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Broadcom declared a quarterly dividend on Thursday, June 1st. Shareholders of record on Thursday, June 22nd will be paid a dividend of $4.60 per share on Friday, June 30th. This represents a $18.40 dividend on an annualized basis and a dividend yield of 2.27%.
Read our dividend analysis for AVGO.

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include iShares U.S. Tech Independence Focused ETF (IETC), Pacer Data and Digital Revolution ETF (TRFK), ProShares Ultra Semiconductors (USD), Invesco PHLX Semiconductor ETF (SOXQ), iShares Semiconductor ETF (SOXX), First Trust Nasdaq Semiconductor ETF (FTXL), First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Strive U.S. Semiconductor ETF (SHOC).

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 2.27%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

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

Broadcom updated its third quarter 2023 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.85 billion-$8.85 billion, compared to the consensus revenue estimate of $8.72 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.16%), State Street Corp (3.99%), Geode Capital Management LLC (1.87%), Charles Schwab Investment Management Inc. (1.45%), Envestnet Asset Management Inc. (1.25%) and Ameriprise Financial Inc. (1.22%). 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, Justine Page, 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 $812.00.

Broadcom (NASDAQ:AVGO) has a market capitalization of $338.54 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $31.93 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.