Broadcom (AVGO) Stock Forecast, Price & News

17 Wall Street 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 research analysts is that investors should "buy" AVGO shares.
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17 analysts have issued 12 month 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 10.3%.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.

Broadcom's stock was trading at $559.13 at the start of the year. Since then, AVGO stock has increased by 43.7% and is now trading at $803.34.
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Broadcom saw a increase in short interest during 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 trading volume of 2,130,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.6% of the company's shares are sold short.
View Broadcom's Short Interest.

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

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.

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, March, 2nd. The semiconductor manufacturer reported $10.33 earnings per share (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 trailing twelve-month return on equity of 73.52% and a net margin of 37.19%. Broadcom's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $7.68 EPS.
Read the conference call transcript.

Broadcom announced a quarterly dividend on Thursday, March 2nd. Investors 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 2.29%. The ex-dividend date is Tuesday, March 21st.
Read our dividend analysis for AVGO.

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include iShares U.S. Tech Independence Focused ETF (IETC), Pacer Data and Digital Revolution ETF (TRFK), ProShares Ultra Semiconductors (USD), Invesco PHLX Semiconductor ETF (SOXQ), iShares Semiconductor ETF (SOXX), First Trust Nasdaq Semiconductor ETF (FTXL), First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Strive U.S. Semiconductor ETF (SHOC).

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.

Broadcom declared 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 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Broadcom updated its second quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $8.70 billion-$8.70 billion, compared to the consensus revenue estimate of $8.59 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 variety of retail and institutional 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.

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 $803.34.

Broadcom (NASDAQ:AVGO) has a market capitalization of $334.93 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.

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.