Broadcom (AVGO) Stock Forecast, Price & News

Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 4 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom or view top-rated stocks.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
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, June 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 "5189895".

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, May, 26th. The semiconductor manufacturer reported $9.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.88 by $1.19. The semiconductor manufacturer had revenue of $8.10 billion for the quarter, compared to analysts' expectations of $7.91 billion. Broadcom had a trailing twelve-month return on equity of 50.20% and a net margin of 27.47%. Broadcom's revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $5.89 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, May 26th. Investors of record on Wednesday, June 22nd will be given a dividend of $4.10 per share on Thursday, June 30th. This represents a $16.40 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, June 21st.
View Broadcom's dividend history.

Is Broadcom a good dividend stock?

Broadcom pays an annual dividend of $16.40 per share and currently has a dividend yield of 2.98%. Broadcom 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 of Broadcom is 93.50%. 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 46.62% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

How will Broadcom's stock buyback program work?

Broadcom declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 9th 2021, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

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

Broadcom updated its third quarter 2022 earnings guidance on Thursday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.40 billion-$8.40 billion, compared to the consensus revenue estimate of $8.01 billion.

What price target have analysts set for AVGO?

25 brokers have issued 1 year price targets for Broadcom's stock. Their forecasts range from $615.00 to $780.00. On average, they anticipate Broadcom's share price to reach $685.70 in the next year. This suggests a possible upside of 17.6% from the stock's current price.
View analysts' price targets for Broadcom or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Broadcom stock?

Here are some recent quotes from research analysts about Broadcom stock:

• 1. According to Zacks Investment Research, "Broadcom is riding on continued strength across both Semiconductor solutions and Infrastructure software verticals. In fourth-quarter fiscal 2021, Semiconductor revenues benefited from higher demand for wireless solutions and continued momentum in networking and broadband solutions. Networking was driven by routing from service providers in the expansion of 5G networks for backhaul, metro, and call, as well as major share gains in ethernet network interface controllers within data centers. Synergies from acquisitions of CA and Symantec’s enterprise security business aided results. Further, an upbeat first quarter guidance on strong uptick in broadband, networking and wireless revenues is encouraging. Shares have outperformed the industry in the past year. However, increasing competition along with high debt levels are persistent overhangs." (3/8/2022)
• 2. The company reported a "solid" Q3 results, an even better outlook for Q4, and also delivered a "big" dividend increase and a "robust" buyback, the analyst tells investors in a research note. Broadcom should produce mid-single-digit sales growth through a cycle, with margin expansion and capital allocation driving earnings, free cash flows, and dividend growth per share at double-digit CAGR, Stein adds." (12/10/2021)
• 3. The biggest takeaway from the earnings call was the company's $10B buyback expected to be completed by FY22, which demonstrates its confidence in its ability to generate superior free cash flows into next year, the analyst tells investors in a research note. Srivastava adds that Broadcom's fundamentals are strengthening as "moribund" enterprise spending is coming back "strong"." (12/10/2021)
• 4. Stating that despite Broadcom reporting "generally in-line numbers" for the quarter, there is "a lot to like in the print." The positives include the company continuing to "expand its leading operating margin to impressive levels" and its "solid raise" to next quarter's revenue outlook, said Moore, who adds that management committed to a dividend raise of approximately 14% and announced a new, $10B share repurchase plan in the absence of large M&A." (12/10/2021)
• 5. The analyst said its margin and FCF profile remains unmatched and its $10B buyback signals commitment to capital returns though management and he wouldn't exclude further M&A. " (12/10/2021)

Who are Broadcom's key executives?

Broadcom's management team includes the following people:

• Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 70, Pay $6.65M)
• Ms. Kirsten M. Spears, CFO & Chief Accounting Officer (Age 58, Pay $994.61k) (LinkedIn Profile)
• Dr. Charlie B. Kawwas Ph.D., Chief Operating Officer (Age 51, Pay $2.21M)
• Mr. Mark D. Brazeal, Chief Legal & Corp. Affairs Officer (Age 54, Pay $1.34M) (LinkedIn Profile)
• Mr. Thomas H. Krause Jr., Pres of Broadcom Software Group (Age 44, Pay $1.71M) (LinkedIn Profile)
• Mr. Alan Davidson, Chief Information Officer
• Ji Yoo, Director of Investor Relations
• Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division
• Mr. Greg Fischer, Sr. VP & GM of Broadband Carrier Access Products Division
• Mr. Rich Nelson, Sr. VP & GM of Set-Top Box & Cable Modem Products Division

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?

Some companies that are related to Broadcom include NVIDIA (NVDA), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Power Integrations (POWI), Cirrus Logic (CRUS) and Altair Engineering (ALTR).
View all of AVGO's 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), QUALCOMM (QCOM), Intel (INTC), Salesforce (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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.06%), Capital World Investors (8.20%), Capital International Investors (7.32%), BlackRock Inc. (7.00%), Capital Research Global Investors (5.43%) and State Street Corp (3.98%). Company insiders that own Broadcom 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, 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 for Broadcom.

Which major investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Capital International Investors, Capital Research Global Investors, Bank of Nova Scotia, Toronto Dominion Bank, UBS Group AG, First Trust Advisors LP, and Capitolis Advisors LLC. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Gayla J Delly, Justine Lien, 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 major investors are buying Broadcom stock?

AVGO stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, BlackRock Inc., Fisher Asset Management LLC, Wellington Management Group LLP, Vanguard Group Inc., Charles Schwab Investment Management Inc., Raymond James & Associates, and JPMorgan Chase & Co.. 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.
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What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $583.28.

How much money does Broadcom make?

Broadcom has a market capitalization of $238.14 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $17.539990 on an earnings per share basis.

How many employees does Broadcom have?

Broadcom employs 20,000 workers across the globe.

Does Broadcom have any subsidiaries?

The following companies are subsidiares of Broadcom: Agere Systems, Allayer Technologies, Alphamosaic, Altocom, AppNeta, Athena Semiconductors, Avago Technologies International Sales Pte. Limited, Avago Technologies U.S. Inc., Avago Technologies Wireless (U.S.A.) Manufacturing LLC, Bay Dynamics, Beceem Communications, BroadLight, BroadLogic Network Technologies, Broadcom Corporation, Broadcom Singapore Pte. Ltd., Brocade Communications Systems, CA Europe Sárl, CA Inc., Camel Expeditionary, 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, 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.

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].