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NASDAQ:AVGOBroadcom Stock Price, Forecast & News

$319.57
+6.45 (+2.06 %)
(As of 07/8/2020 04:00 PM ET)
Add
Compare
Today's Range
$314.12
Now: $319.57
$319.84
50-Day Range
$271.95
MA: $301.27
$318.79
52-Week Range
$155.67
Now: $319.57
$331.58
Volume1.78 million shs
Average Volume3.09 million shs
Market Capitalization$128.53 billion
P/E Ratio57.17
Dividend Yield4.15%
Beta0.9
Broadcom Inc. designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application specific standard products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides 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 and switches; read channel based SoCs; custom flash controllers; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. The company's 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. is headquartered in San Jose, California.
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Broadcom logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.53 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.60 billion
Cash Flow$34.03 per share
Book Value$62.70 per share

Profitability

Net Income$2.72 billion

Miscellaneous

Employees19,000
Market Cap$128.53 billion
Next Earnings Date9/10/2020 (Estimated)
OptionableOptionable

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

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

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 30.0% and is now trading at $319.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Broadcom?

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 1 sell rating, 4 hold ratings and 28 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Broadcom.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 10th 2020. View our earnings forecast for Broadcom.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) announced its earnings results on Thursday, June, 4th. The semiconductor manufacturer reported $5.14 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $5.14. The semiconductor manufacturer earned $5.74 billion during the quarter, compared to analyst estimates of $5.69 billion. Broadcom had a return on equity of 32.00% and a net margin of 10.97%. Broadcom's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.21 EPS. View Broadcom's earnings history.

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

Broadcom announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Monday, June 22nd will be given a dividend of $3.25 per share on Tuesday, June 30th. This represents a $13.00 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, June 19th. View Broadcom's dividend history.

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

Broadcom updated its third quarter 2020 After-Hours earnings guidance on Thursday, June, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.6-5.9 billion, compared to the consensus revenue estimate of $5.79 billion.

What price target have analysts set for AVGO?

33 analysts have issued twelve-month target prices for Broadcom's stock. Their forecasts range from $215.00 to $400.00. On average, they expect Broadcom's stock price to reach $343.39 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View analysts' price targets for Broadcom.

Has Broadcom been receiving favorable news coverage?

News headlines about AVGO stock have trended negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Broadcom earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news articles about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Broadcom.

Are investors shorting Broadcom?

Broadcom saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,660,000 shares, a drop of 12.7% from the June 15th total of 5,340,000 shares. Based on an average daily trading volume, of 2,980,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.2% of the company's stock are sold short. View Broadcom's Current Options Chain.

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), Walt Disney (DIS), salesforce.com (CRM), Intel (INTC), Cisco Systems (CSCO), Home Depot (HD) and AbbVie (ABBV).

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 67)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 41)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 51)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 48)
  • Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 54)

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 number of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.07%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.01%), M&R Capital Management Inc. (0.01%), American National Bank (0.01%) and Chesley Taft & Associates LLC (0.00%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Harry L You, Hock E Tan, Justine Lien, Kirsten M Spears, Lewis C Eggebrecht, Mark David Brazeal 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 State of Alaska Department of Revenue, Park National Corp OH, M&R Capital Management Inc., American National Bank, OmniStar Financial Group Inc., TRUE Private Wealth Advisors, Chesley Taft & Associates LLC, and E&G Advisors LP. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, 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.

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., Municipal Employees Retirement System of Michigan, Diversified Trust Co, DNB Asset Management AS, Symphony Financial Ltd. Co., Crumly & Associates Inc., Fulton Bank N. A., and HBW Advisory Services LLC. View insider buying and selling activity for Broadcom.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $319.69.

How big of a company is Broadcom?

Broadcom has a market capitalization of $128.57 billion and generates $22.60 billion in revenue each year. The semiconductor manufacturer earns $2.72 billion in net income (profit) each year or $17.41 on an earnings per share basis. Broadcom employs 19,000 workers across the globe.

What is Broadcom's official website?

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

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 7/8/2020 by MarketBeat.com Staff

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