Broadcom - AVGO Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 2 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVGO shares.
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24 Wall Street research analysts have issued 1 year price objectives for Broadcom's shares. Their AVGO share price forecasts range from $615.00 to $775.00. On average, they anticipate the company's share price to reach $675.33 in the next year. This suggests a possible upside of 40.7% from the stock's current price.
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Broadcom's stock was trading at $665.41 on January 1st, 2022. Since then, AVGO shares have decreased by 27.9% and is now trading at $479.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, September, 1st. The semiconductor manufacturer reported $9.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.84 by $0.23. The semiconductor manufacturer earned $8.46 billion during the quarter, compared to the consensus estimate of $8.41 billion. Broadcom had a net margin of 31.96% and a trailing twelve-month return on equity of 63.42%. The business's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the business posted $6.32 EPS.
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Broadcom announced a quarterly dividend on Thursday, September 1st. Stockholders of record on Thursday, September 22nd will be given a dividend of $4.10 per share on Friday, September 30th. This represents a $16.40 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Wednesday, September 21st.
Read our dividend analysis for AVGO.

Broadcom (NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 3.59%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

Broadcom announced that its board has authorized a stock repurchase plan on Thursday, May 26th 2022, 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 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Broadcom issued an update on its fourth quarter 2022 earnings guidance on Thursday, September, 29th. 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 $8.73 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 many different retail and institutional investors. Top institutional shareholders include M&R Capital Management Inc. (0.01%), Bowling Portfolio Management LLC (0.00%), Fulton Bank N.A. (0.00%), Symmetry Partners LLC (0.00%), Park National Corp OH (0.00%) and Csenge Advisory Group (0.00%). 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, Kirsten M Spears, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez, Raul J Fernandez, Thomas H Krause and Thomas H Krause.
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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.
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One share of AVGO stock can currently be purchased for approximately $479.86.

Broadcom (NASDAQ:AVGO) has a market capitalization of $194.34 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $23.12 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.