Broadcom - AVGO Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVGO shares.
View AVGO analyst ratings or view top-rated stocks.

18 equities research analysts have issued 1-year price targets for Broadcom's shares. Their AVGO share price forecasts range from $555.00 to $775.00. On average, they predict the company's share price to reach $667.21 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.

Broadcom's stock was trading at $559.13 on January 1st, 2023. Since then, AVGO shares have increased by 6.9% and is now trading at $597.62.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our AVGO earnings forecast.

Broadcom will be holding an earnings conference call on Thursday, March 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Broadcom Inc. (NASDAQ:AVGO) released its earnings results on Thursday, December, 8th. The semiconductor manufacturer reported $9.75 earnings per share for the quarter, topping analysts' consensus estimates of $9.50 by $0.25. The semiconductor manufacturer earned $8.93 billion during the quarter, compared to analysts' expectations of $8.90 billion. Broadcom had a trailing twelve-month return on equity of 70.00% and a net margin of 34.62%. The company's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $7.01 EPS.
Read the conference call transcript.

Broadcom announced a quarterly dividend on Thursday, December 8th. Investors of record on Tuesday, December 20th will be given a dividend of $4.60 per share on Friday, December 30th. This represents a $18.40 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Monday, December 19th. This is an increase from the stock's previous quarterly dividend of $4.10.
Read our dividend analysis for AVGO.

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 3.08%. 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 69.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.95% 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 buyback program on Thursday, May 26th 2022, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Broadcom updated its first quarter 2023 earnings guidance on Thursday, December, 8th. The company provided 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 $8.79 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 Edmp Inc. (1.18%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Fisher Asset Management LLC (0.28%), Bank of Montreal Can (0.24%), M&G Investment Management Ltd. (0.18%) and New York State Common Retirement Fund (0.16%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of AVGO stock can currently be purchased for approximately $597.62.

Broadcom (NASDAQ:AVGO) has a market capitalization of $249.74 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $26.50 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.