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NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$390.83
-1.40 (-0.36 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$389.00
Now: $390.83
$395.50
50-Day Range
$347.21
MA: $373.29
$392.23
52-Week Range
$155.67
Now: $390.83
$395.50
Volume1.18 million shs
Average Volume1.62 million shs
Market Capitalization$158.09 billion
P/E Ratio73.33
Dividend Yield3.31%
Beta0.98
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 three segments: Semiconductor Solutions, Infrastructure Software, and Intellectual Property licensing. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Wireless local area network access point SoCs; Ethernet switching and routing application specific standard products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. In addition, it provides mainframe and enterprise software solution and cybersecurity solutions. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. The company has a collaboration agreement with Liqid Inc. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.71 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000
Employees19,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.60 billion
Cash Flow$33.84 per share
Book Value$62.70 per share

Profitability

Net Income$2.72 billion

Miscellaneous

Market Cap$158.09 billion
Next Earnings Date12/10/2020 (Confirmed)
OptionableOptionable
$390.83
-1.40 (-0.36 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

How has Broadcom's stock been impacted by COVID-19?

Broadcom's stock was trading at $245.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 58.9% and is now trading at $390.83.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Broadcom?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 26 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Broadcom
.

What stocks does MarketBeat like better than Broadcom?

Wall Street analysts have given Broadcom a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Broadcom wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Broadcom
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, December 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) announced its quarterly earnings data on Thursday, September, 3rd. The semiconductor manufacturer reported $5.40 EPS for the quarter, topping the consensus estimate of $5.24 by $0.16. The semiconductor manufacturer earned $5.82 billion during the quarter, compared to the consensus estimate of $5.76 billion. Broadcom had a return on equity of 32.44% and a net margin of 10.70%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.16 earnings per share.
View Broadcom's earnings history
.

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

Broadcom announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Tuesday, September 22nd will be given a dividend of $3.25 per share on Wednesday, September 30th. This represents a $13.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, September 21st.
View Broadcom's dividend history
.

What guidance has Broadcom issued on next quarter's earnings?

Broadcom issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, September, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.25-6.55 billion, compared to the consensus revenue estimate of $6.18 billion.

What price target have analysts set for AVGO?

30 equities research analysts have issued 12 month price objectives for Broadcom's shares. Their forecasts range from $215.00 to $450.00. On average, they anticipate Broadcom's stock price to reach $390.72 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
View analysts' price targets for Broadcom
.

Are investors shorting Broadcom?

Broadcom saw a decrease in short interest in October. As of October 30th, there was short interest totaling 3,500,000 shares, a decrease of 13.2% from the October 15th total of 4,030,000 shares. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the company's shares are sold short.
View Broadcom's Short Interest
.

Who are some of Broadcom's key competitors?

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), The Walt Disney (DIS), QUALCOMM (QCOM), Intel (INTC), salesforce.com (CRM), AbbVie (ABBV) and Cisco Systems (CSCO).

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 68, Pay $2.37M)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 42, Pay $772.24k)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 52, Pay $752.24k)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 49, Pay $856.75k)
  • Mr. Boon Chye Ooi, Sr. VP of Global Operations (Age 66)
  • Ms. Kirsten M. Spears, Chief Accounting Officer, VP & Corp. Controller (Age 56)
  • Mr. Andy Nallappan, Chief Information Officer & VP of Global Technology & Solutions
  • Ms. Beatrice F. Russotto, Director of Investor Relations
  • Ms. Debbie Streeter, VP of HR
  • Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.37%), State Street Corp (4.02%), Nuveen Asset Management LLC (0.85%), Morgan Stanley (0.72%), Charles Schwab Investment Management Inc. (0.47%) and UBS Asset Management Americas Inc. (0.44%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Harry L You, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lewis C Eggebrecht, Mark David Brazeal, Raul J Fernandez and Thomas H Krause.
View institutional ownership trends for Broadcom
.

Which major investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., State Street Corp, Point72 Asset Management L.P., Robeco Institutional Asset Management B.V., Los Angeles Capital Management & Equity Research Inc., Thornburg Investment Management Inc., and Prudential PLC. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Harry L You, Hock E Tan, Justine Lien, Kirsten M Spears, Mark David Brazeal, and Thomas H Krause.
View insider buying and selling activity for Broadcom
.

Which major investors are buying Broadcom stock?

AVGO stock was acquired by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Ninety One UK Ltd, Nuveen Asset Management LLC, Caisse DE Depot ET Placement DU Quebec, Morgan Stanley, Schafer Cullen Capital Management Inc, Federated Hermes Inc., and DekaBank Deutsche Girozentrale. Company insiders that have bought Broadcom stock in the last two years include Henry Samueli, and Raul J Fernandez.
View insider buying and selling activity 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 $390.83.

How big of a company is Broadcom?

Broadcom has a market capitalization of $158.09 billion and generates $22.60 billion in revenue each year. The semiconductor manufacturer earns $2.72 billion in net income (profit) each year or $17.41 on an earnings per share basis. Broadcom employs 19,000 workers across the globe.

What is Broadcom's official website?

The official website for Broadcom is www.broadcom.com.

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]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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