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Broadcom (AVGO) Stock Forecast, Price & News

$800.71
-7.25 (-0.90%)
(As of 12:39 PM ET)
Compare
Today's Range
$786.35
$805.79
50-Day Range
$610.16
$812.73
52-Week Range
$415.07
$921.78
Volume
2.97 million shs
Average Volume
2.37 million shs
Market Capitalization
$333.83 billion
P/E Ratio
26.95
Dividend Yield
2.30%
Price Target
$720.79

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
9.4% Downside
$720.79 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.39mentions of Broadcom in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$25.58 M Sold Last Quarter
Proj. Earnings Growth
5.31%
From $38.22 to $40.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

157th out of 1,226 stocks

Semiconductors & Related Devices Industry

27th out of 178 stocks


AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

Broadcom Inc. is a technology company with a global presence specializing in designing and developing semiconductor and infrastructure software solutions. The company was founded in 1961 as a semiconductor company and has since become a leading player in the tech industry. Broadcom has established itself as a force in the market with a strong focus on innovation and customer satisfaction.

Broadcom's product portfolio includes various semiconductor solutions for wired and wireless communications, enterprise storage and industrial markets. The company also offers infrastructure software solutions, including network switches, network processors and storage controllers. With such a diverse range of products and solutions, Broadcom has become a one-stop shop for companies needing cutting-edge technology solutions.

One of the key strengths of Broadcom is that it has a  commitment to innovation. The company is heavily invested in research and development to stay ahead of the curve in the fast-paced tech industry. Broadcom's innovations have been instrumental in developing new products and services across various sectors, from healthcare to automotive to telecommunications.

Broadcom has also been very successful in expanding its customer base. The company's products and solutions are used by some of the world's leading companies, including Apple, Cisco and Samsung. This diverse customer base has helped insulate Broadcom from any particular industry's fluctuations.

The company has seen strong financial performance in recent years, with revenue and earnings growth driven by its expanding product portfolio and innovative solutions. 

Despite its impressive financial performance, Broadcom faces several challenges in the competitive tech industry. One of the biggest challenges is the ongoing trade dispute between the US and China, which has increased tariffs on many of Broadcom's products. The company has also faced scrutiny over its business practices, particularly its acquisition strategy.

Broadcom's acquisition strategy has been controversial, with some critics accusing the company of engaging in anti-competitive behavior. Broadcom has defended its strategy, arguing that the company must remain competitive in the tech industry. The company has also pledged to continue investing in research and development to ensure that it can continue to provide customers with innovative solutions.

Broadcom is well-positioned for long-term success in the tech industry. The company's commitment to innovation and customer satisfaction, combined with its strong financial performance, could make it an investment opportunity for those looking to invest in the tech sector. 

Broadcom Inc. is a global technology company that designs and develops semiconductor and infrastructure software solutions. Broadcom has become a leading player in the tech industry with a strong focus on innovation and customer satisfaction. The company remains positioned for long-term growth and success despite facing challenges like the ongoing trade dispute between the US and China. 

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AVGO Stock News Headlines

Micron Technology Sees Chip Recovery by the End of 2023 (AVGO)
Memory and storage chip giant Micron Technology Inc. (NYSE: MU) stock has fallen (-46%) in 2022. Dynamic random access memory (DRAM) chip demand has been weak.
Broadcom Shares Trade In Tight Range Ahead Of Q2 Earnings Report
Mega-cap chipmaker Broadcom is well-positioned for growth in the AI market, as well as data-center chips, storage, broadband, and networking applications.
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
Broadcom (NASDAQ:AVGO) PT Raised to $820.00 at KeyCorp
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Broadcom Q2 Earnings Preview: Here’s What to Expect
Broadcom (AVGO) Set to Announce Earnings on Thursday
Broadcom Blasts Higher So We Need New Price Targets
Why Is Broadcom Stock Rising Today?
Broadcom (AVGO): New Buy Recommendation for This Technology Giant
Broadcom (NASDAQ:AVGO) PT Raised to $850.00 at Evercore ISI
See More Headlines

AVGO Price History

AVGO Company Calendar

Last Earnings
3/02/2023
Ex-Dividend for 3/31 Dividend
3/21/2023
Dividend Payable
3/31/2023
Today
6/01/2023
Next Earnings (Confirmed)
6/01/2023
Fiscal Year End
10/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:AVGO
CUSIP
Y0486S10
Fax
N/A
Employees
20,000
Year Founded
1961

Price Target and Rating

Average Stock Price Forecast
$720.79
High Stock Price Forecast
$890.00
Low Stock Price Forecast
$555.00
Forecasted Upside/Downside
-9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$11.50 billion
Pretax Margin
39.48%

Debt

Sales & Book Value

Annual Sales
$33.20 billion
Cash Flow
$48.12 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
407,752,000
Market Cap
$331.83 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Hock E. TanHock E. Tan
    President, Chief Executive Officer & Director
  • Kirsten M. SpearsKirsten M. Spears
    Chief Financial & Accounting Officer
  • Alan Davidson
    Chief Information Officer
  • Charlie B. KawwasCharlie B. Kawwas
    President-Semiconductor Solutions Group
  • Ivy Pong
    Vice President-Global Taxation













AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 3 hold ratings and 14 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.

What is Broadcom's stock price forecast for 2023?

17 equities research analysts have issued 1-year target prices for Broadcom's shares. Their AVGO share price forecasts range from $555.00 to $890.00. On average, they expect the company's stock price to reach $720.79 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for AVGO
or view top-rated stocks among Wall Street analysts.

How have AVGO shares performed in 2023?

Broadcom's stock was trading at $559.13 at the beginning of the year. Since then, AVGO shares have increased by 44.5% and is now trading at $807.96.
View the best growth stocks for 2023 here
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,560,000 shares, an increase of 7.9% from the April 30th total of 6,080,000 shares. Based on an average daily trading volume, of 2,130,000 shares, the short-interest ratio is presently 3.1 days. Currently, 1.6% of the shares of the stock are short sold.
View Broadcom's Short Interest
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our AVGO earnings forecast
.

How can I listen to Broadcom's earnings call?

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

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) announced its quarterly earnings data on Thursday, March, 2nd. The semiconductor manufacturer reported $10.33 EPS for the quarter, beating analysts' consensus estimates of $9.38 by $0.95. The semiconductor manufacturer earned $8.92 billion during the quarter, compared to analyst estimates of $8.90 billion. Broadcom had a net margin of 37.19% and a trailing twelve-month return on equity of 73.52%. Broadcom's quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $7.68 EPS.
Read the conference call transcript
.

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

Broadcom declared a quarterly dividend on Thursday, March 2nd. Shareholders of record on Wednesday, March 22nd will be paid a dividend of $4.60 per share on Friday, March 31st. This represents a $18.40 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, March 21st.
Read our dividend analysis for AVGO
.

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 2.26%. 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 61.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

How will Broadcom's stock buyback program work?

Broadcom announced that its Board of Directors has authorized a share 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 purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What is Hock E. Tan's approval rating as Broadcom's CEO?

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.

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.16%), State Street Corp (3.99%), Geode Capital Management LLC (1.87%), Charles Schwab Investment Management Inc. (1.45%), Envestnet Asset Management Inc. (1.25%) and Ameriprise Financial Inc. (1.22%). 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
.

How do I buy shares of Broadcom?

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.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $807.96.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $336.85 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $29.71 on an earnings per share basis.

How many employees does Broadcom have?

The company 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.
Read More
How can I contact Broadcom?

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.

This page (NASDAQ:AVGO) was last updated on 6/1/2023 by MarketBeat.com Staff

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