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.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone408-433-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$20.85 billion
Profitability
Miscellaneous
Employees15,000
Next Earnings Date12/5/2019 (Estimated)
OptionableOptionable
Broadcom (NASDAQ:AVGO) Frequently Asked Questions
What is Broadcom's stock symbol?
Broadcom trades on the NASDAQ under the ticker symbol "AVGO."
How often does Broadcom pay dividends? What is the dividend yield for Broadcom?
Broadcom declared a quarterly dividend on Thursday, September 12th. Investors of record on Monday, September 23rd will be given a dividend of $2.65 per share on Tuesday, October 1st. This represents a $10.60 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, September 20th. View Broadcom's Dividend History.
How will Broadcom's stock buyback program work?
Broadcom declared that its board has authorized a stock buyback program on Thursday, April 12th 2018, which allows the company to buyback $12,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.
How were Broadcom's earnings last quarter?
Broadcom Inc (NASDAQ:AVGO) announced its earnings results on Thursday, September, 12th. The semiconductor manufacturer reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.10 by $0.11. The semiconductor manufacturer earned $5.52 billion during the quarter, compared to the consensus estimate of $5.52 billion. Broadcom had a net margin of 13.44% and a return on equity of 34.10%. Broadcom's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.98 EPS. View Broadcom's Earnings History.
When is Broadcom's next earnings date?
What guidance has Broadcom issued on next quarter's earnings?
Broadcom updated its FY 2019 earnings guidance on Thursday, September, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $22.5-22.5 billion, compared to the consensus revenue estimate of $22.61 billion.
What price target have analysts set for AVGO?
35 Wall Street analysts have issued twelve-month target prices for Broadcom's stock. Their forecasts range from $253.03 to $370.00. On average, they expect Broadcom's stock price to reach $313.1945 in the next year. This suggests a possible upside of 10.2% from the stock's current price. View Analyst Price Targets for Broadcom.
What is the consensus analysts' recommendation for Broadcom?
35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 8 hold ratings and 27 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Broadcom.
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 reported mixed second-quarter results, wherein the bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. Notably, revenues increased on a year over year basis. The company is benefiting from strong demand of its wireless solutions and expanding product portfolio, which makes it well-positioned to address the needs of rapidly growing technologies like IoT and 5G. Strong ties with leading OEMs across multiple target markets will help the company to gain key insights into the requirements of customers. Further, Broadcom is a leading player in the semiconductor market based on its multiple target markets, accretive acquisitions and strong cash flow. However, the company lowered its fiscal 2019 revenues outlook. Further, intensifying competition, integration risks and leveraged balance sheet adds to the woes." (6/18/2019)
- 2. Rosenblatt Securities analysts commented, "We see Huawei as already built in to the current share price for AVGO and reiterate our Buy rating and $350 PT into the print (Thursday, June 13 th ) on the company’s secular semiconductor prospect and FCF generation." (6/10/2019)
- 3. Mizuho analysts commented, "We believe multiple tailwinds into 2019-20 with the CA acquisition mostly behind, AI ASICs, regaining RF share, 5G ramps with wireless/Networking, strong FCF and dividend growth positions AVGO well. AVGO provides an attractive opportunity given a dominant market share, ~$6B in buybacks remaining, $8B+ of ~3%+ dividend yield. Reiterating our Buy and raising PT to $295. The shares trade at a conservative ~ 11x F19E EPS." (10/5/2018)
Has Broadcom been receiving favorable news coverage?
Media stories about AVGO stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Broadcom earned a news impact score of -1.3 on InfoTrie's scale. They also gave news articles about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Broadcom.
Are investors shorting Broadcom?
Broadcom saw a decrease in short interest in the month of August. As of August 31st, there was short interest totalling 5,674,100 shares, a decrease of 8.9% from the July 31st total of 6,228,000 shares. Based on an average trading volume of 2,780,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.5% of the shares of the stock are short sold. View Broadcom's Current Options Chain.
Who are some of Broadcom's key competitors?
Some companies that are related to Broadcom include Taiwan Semiconductor Mfg. (TSM), Intel (INTC), Texas Instruments (TXN), NVIDIA (NVDA), Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Kyocera (KYOCY), Infineon Technologies (IFNNY), Microchip Technology (MCHP) and STMicroelectronics (STM).
What other stocks do shareholders of Broadcom own?
Who are Broadcom's key executives?
Broadcom's management team includes the folowing 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)
Who are Broadcom's major shareholders?
Broadcom's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.99%), BlackRock Inc. (6.48%), BlackRock Inc. (6.48%), Northern Trust Corp (1.25%), Bank of New York Mellon Corp (1.04%) and Price T Rowe Associates Inc. MD (0.96%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lake Group LLC Silver, Lewis C Eggebrecht 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 Price T Rowe Associates Inc. MD, Prudential PLC, SRS Investment Management LLC, Jennison Associates LLC, Morgan Stanley, Quest Capital Management Inc. ADV, Swedbank and Artemis Investment Management LLP. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lewis C Eggebrecht and Thomas H Krause. View Insider Buying and Selling for Broadcom.
Which institutional investors are buying Broadcom stock?
AVGO stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Point72 Asset Management L.P., Vanguard Group Inc., Thoroughbred Financial Services LLC, Natixis, Natixis, UBS Asset Management Americas Inc. and First Trust Advisors LP. View Insider Buying and Selling 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 $284.26.
How big of a company is Broadcom?
Broadcom has a market capitalization of $112.76 billion and generates $20.85 billion in revenue each year. The semiconductor manufacturer earns $12.26 billion in net income (profit) each year or $18.83 on an earnings per share basis. Broadcom employs 15,000 workers across the globe.View Additional Information About Broadcom.
What is Broadcom's official website?
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]
MarketBeat Community Rating for Broadcom (NASDAQ AVGO)
MarketBeat's community ratings are surveys of what our community members think about Broadcom and other stocks. Vote "Outperform" if you believe AVGO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVGO will underperform the S&P 500 over the long term. You may vote once every thirty days.
