Broadcom - AVGO Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 4 hold ratings and 22 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.

26 Wall Street research analysts have issued 12 month target prices for Broadcom's stock. Their AVGO share price forecasts range from $615.00 to $780.00. On average, they expect the company's share price to reach $680.46 in the next year. This suggests a possible upside of 23.3% 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 $665.41 at the beginning of 2022. Since then, AVGO stock has decreased by 17.1% and is now trading at $551.65.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our AVGO earnings forecast.

Broadcom will be holding an earnings conference call on Thursday, September 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings results on Thursday, May, 26th. The semiconductor manufacturer reported $8.39 EPS for the quarter, topping analysts' consensus estimates of $7.88 by $0.51. The semiconductor manufacturer had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.91 billion. Broadcom had a net margin of 29.76% and a trailing twelve-month return on equity of 56.29%. The business's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.89 earnings per share.
Read the conference call transcript.

Broadcom declared a quarterly dividend on Thursday, May 26th. Shareholders 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 dividend yield of 2.97%. The ex-dividend date is Tuesday, June 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 2.93%. 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 81.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.99% 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 initiated a share buyback program on Thursday, May 26th 2022, which authorizes the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Broadcom updated its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share 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.

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 institutional and retail investors. Top institutional shareholders include State Street Corp (3.88%), Northern Trust Corp (1.15%), FMR LLC (0.60%), Clearbridge Investments LLC (0.59%), Jennison Associates LLC (0.56%) and Price T Rowe Associates Inc. MD (0.55%). 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.
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 $551.65.

Broadcom (NASDAQ:AVGO) has a market capitalization of $222.77 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $20.17 on an earnings per share basis.

The company employs 20,000 workers across the globe.

Broadcom was founded in 1961.

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.