NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$486.20
-1.60 (-0.33 %)
(As of 08/5/2021 02:45 PM ET)
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Today's Range
$484.91
$490.52
50-Day Range
$462.20
$487.80
52-Week Range
$321.48
$495.14
Volume42,907 shs
Average Volume1.44 million shs
Market Capitalization$199.47 billion
P/E Ratio45.31
Dividend Yield2.96%
Beta0.93
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Broadcom logo

About Broadcom

Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions and Infrastructure Software. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The company was founded in 1961 and is headquartered in San Jose, CA.

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MarketRank

Overall MarketRank

3.02 out of 5 stars

Computer And Technology Sector

19th out of 844 stocks

Semiconductors & Related Devices Industry

3rd out of 112 stocks

Analyst Opinion: 2.4Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

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

What stocks does MarketBeat like better than Broadcom?

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.
View MarketBeat's top stock picks here.

When is Broadcom's next earnings date?

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

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, September 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "1962853".

How were Broadcom's earnings last quarter?

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

How has Broadcom's stock been impacted by Coronavirus (COVID-19)?

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 97.4% and is now trading at $485.50.
View which stocks have been most impacted by COVID-19
.

How often does Broadcom pay dividends? What is the dividend yield for Broadcom?

Broadcom announced a quarterly dividend on Thursday, June 3rd. Stockholders of record on Tuesday, June 22nd will be paid 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
.

Is Broadcom a good dividend stock?

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 2.96%. 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.

What guidance has Broadcom issued on next quarter's earnings?

Broadcom updated its third quarter 2021 earnings guidance on Tuesday, June, 29th. The company provided earnings per share 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.

What price target have analysts set for AVGO?

23 analysts have issued 12-month price targets for Broadcom's shares. 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.

Who are Broadcom's key executives?

Broadcom's management team includes the following people:

What is Hock E. Tan's approval rating as Broadcom's CEO?

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.

Who are some of Broadcom's key competitors?

What other stocks do shareholders of Broadcom own?

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).

What is Broadcom's stock symbol?

Broadcom trades on the NASDAQ under the ticker symbol "AVGO."

Who are Broadcom's major shareholders?

Broadcom's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Alliancebernstein L.P. (0.27%), Cantillon Capital Management LLC (0.27%), New York State Common Retirement Fund (0.19%), Victory Capital Management Inc. (0.12%) and DekaBank Deutsche Girozentrale (0.11%). 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
.

Which institutional investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Artemis Investment Management LLP, Sumitomo Mitsui Trust Holdings Inc., Aegon Asset Management UK PLC, Teacher Retirement System of Texas, Clark Capital Management Group Inc., Calamos Advisors LLC, and Ziegler Capital Management 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.

Which institutional investors are buying Broadcom stock?

AVGO stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Cullen Capital Management LLC, MUFG Securities EMEA plc, Capital Advisors Inc. OK, Zurcher Kantonalbank Zurich Cantonalbank , Alliancebernstein L.P., Cardinal Capital Management Inc., and CCM Investment Advisers LLC. 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.

How do I buy shares of Broadcom?

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.
Compare Top Brokerages Here.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $485.50.

How much money does Broadcom make?

Broadcom has a market capitalization of $199.18 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.

How many employees does Broadcom have?

Broadcom employs 21,000 workers across the globe.

Does Broadcom have any subsidiaries?

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.

When was Broadcom founded?

Broadcom was founded in 1961.

What is Broadcom's official website?

The official website for Broadcom is www.broadcom.com.

Where are Broadcom's headquarters?

Broadcom is headquartered at 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131.

How can I contact Broadcom?

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]


This page was last updated on 8/5/2021 by MarketBeat.com Staff
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