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NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$361.59
+9.80 (+2.79 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$352.95
Now: $361.59
$361.80
50-Day Range
$321.23
MA: $343.88
$375.01
52-Week Range
$155.67
Now: $361.59
$378.96
Volume1.95 million shs
Average Volume2.75 million shs
Market Capitalization$146.26 billion
P/E Ratio67.84
Dividend Yield3.70%
Beta0.93
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.32 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$34.14 per share
Book Value$58.24 per share

Profitability

Net Income$2.72 billion

Miscellaneous

Employees19,000
Market Cap$146.26 billion
Next Earnings Date12/10/2020 (Estimated)
OptionableOptionable
$361.59
+9.80 (+2.79 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

How has Broadcom's stock price 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 stock has increased by 47.0% and is now trading at $361.59.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Broadcom?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 27 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, December 10th 2020.
View our earnings forecast for Broadcom
.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) announced its quarterly earnings results on Thursday, September, 3rd. The semiconductor manufacturer reported $5.40 EPS for the quarter, topping analysts' consensus estimates of $5.24 by $0.16. The semiconductor manufacturer earned $5.82 billion during the quarter, compared to the consensus estimate of $5.76 billion. Broadcom had a net margin of 10.70% and a return on equity of 32.44%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.16 earnings per share.
View Broadcom's earnings history
.

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

Broadcom declared a quarterly dividend on Thursday, September 3rd. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $3.25 per share on Wednesday, September 30th. This represents a $13.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, September 21st.
View Broadcom's dividend history
.

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

Broadcom issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, September, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.25-6.55 billion, compared to the consensus revenue estimate of $6.18 billion.

What price target have analysts set for AVGO?

31 Wall Street analysts have issued 12 month target prices for Broadcom's shares. Their forecasts range from $215.00 to $450.00. On average, they expect Broadcom's stock price to reach $387.53 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts' price targets for Broadcom
.

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), Intel (INTC), salesforce.com (CRM), QUALCOMM (QCOM), Cisco Systems (CSCO) 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.32%), BlackRock Inc. (6.50%), Bank of New York Mellon Corp (0.92%), Nuveen Asset Management LLC (0.78%), FMR LLC (0.76%) and Macquarie Group Ltd. (0.59%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Harry L You, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lewis C Eggebrecht, Mark David Brazeal, Raul J Fernandez 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 Jennison Associates LLC, MUFG Securities EMEA plc, Ninety One UK Ltd, Macquarie Group Ltd., Prudential Financial Inc., Toronto Dominion Bank, Healthcare of Ontario Pension Plan Trust Fund, and Advisor Group Holdings Inc.. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., SG Americas Securities LLC, Rafferty Asset Management LLC, Newbrook Capital Advisors LP, Bank of New York Mellon Corp, Vanguard Group Inc., Nuveen Asset Management LLC, and Marshall Wace North America L.P.. 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
.

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 $361.59.

How big of a company is Broadcom?

Broadcom has a market capitalization of $146.26 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 9/23/2020 by MarketBeat.com Staff

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