Broadcom Inc. designs, develops, and supplies various 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 in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing merchant silicon products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic transmitter and receiver components. The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; 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; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, and motion control encoders and subsystems. 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. was incorporated in 2018 and is headquartered in San Jose, California.
Broadcom Trading Down 0.2 %
Shares of AVGO Stock traded down $1.36 on Friday, hitting $551.44. 1,435,744 shares of the stock traded hands, compared to its average volume of 1,840,794. The firm's 50-day moving average price is $518.75 and its two-hundred day moving average price is $561.23. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.90 and a current ratio of 2.14. The stock has a market capitalization of $222.68 billion, a PE ratio of 27.34, a PEG ratio of 1.12 and a beta of 1.08. Broadcom has a twelve month low of $462.66 and a twelve month high of $677.76.
Broadcom (NASDAQ:AVGO - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The semiconductor manufacturer reported $8.39 earnings per share for the quarter, beating the consensus estimate of $7.88 by $0.51. The firm had revenue of $8.10 billion for the quarter, compared to analysts' expectations of $7.91 billion. Broadcom had a net margin of 29.76% and a return on equity of 56.29%. The company's revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.89 EPS. As a group, analysts anticipate that Broadcom will post 33.96 EPS for the current year.
Broadcom Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 22nd were issued a $4.10 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $16.40 annualized dividend and a yield of 2.97%. Broadcom's dividend payout ratio (DPR) is currently 81.31%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AVGO shares. StockNews.com raised shares of Broadcom from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 13th. Piper Sandler reaffirmed a "buy" rating and set a $750.00 target price on shares of Broadcom in a report on Tuesday, May 24th. Truist Financial lifted their target price on shares of Broadcom to $658.00 in a report on Friday, May 27th. Bank of America cut their target price on shares of Broadcom from $780.00 to $625.00 and set a "buy" rating for the company in a report on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Broadcom from $700.00 to $635.00 in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $680.46.