Broadcom - AVGO Stock Forecast, Price & News

18 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 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVGO shares.
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18 brokers have issued 12-month price targets for Broadcom's stock. Their AVGO share price forecasts range from $555.00 to $775.00. On average, they predict the company's stock price to reach $667.21 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
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Broadcom's stock was trading at $559.13 at the beginning of 2023. Since then, AVGO shares have increased by 4.0% and is now trading at $581.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings results on Thursday, December, 8th. The semiconductor manufacturer reported $9.75 earnings per share for the quarter, topping the consensus estimate of $9.50 by $0.25. The semiconductor manufacturer earned $8.93 billion during the quarter, compared to the consensus estimate of $8.90 billion. Broadcom had a net margin of 34.62% and a trailing twelve-month return on equity of 70.00%. The business's revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $7.01 EPS.
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Broadcom announced a quarterly dividend on Thursday, December 8th. Shareholders of record on Tuesday, December 20th will be paid a dividend of $4.60 per share on Friday, December 30th. This represents a $18.40 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, December 19th. This is a boost from the stock's previous quarterly dividend of $4.10.
Read our dividend analysis for AVGO.

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 3.11%. 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 69.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

Broadcom declared that its Board of Directors has authorized a share repurchase program on Thursday, May 26th 2022, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Broadcom updated its first quarter 2023 earnings guidance on Thursday, December, 8th. 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 $8.79 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 a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), M&G Investment Management Ltd. (0.18%), New York State Common Retirement Fund (0.16%), New York State Teachers Retirement System (0.11%), Sarasin & Partners LLP (0.07%) and Fifth Third Bancorp (0.07%). 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.
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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 $581.45.

Broadcom (NASDAQ:AVGO) has a market capitalization of $242.98 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $26.50 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.