NASDAQ:AVGO - Broadcom Stock Price, News & Analysis

$290.32
-10.26 (-3.41 %)
(As of 09/15/2019 03:49 AM ET)
Today's Range
$283.89
Now: $290.32
$297.99
50-Day Range
$265.27
MA: $282.92
$301.6550
52-Week Range
$208.23
Now: $290.32
$323.20
Volume5.93 million shs
Average Volume1.74 million shs
Market Capitalization$115.57 billion
P/E Ratio15.42
Dividend Yield3.56%
Beta0.88
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. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.85 billion
Cash Flow$29.5041 per share
Book Value$64.47 per share

Profitability

Net Income$12.26 billion

Miscellaneous

Employees15,000
Market Cap$115.57 billion
Next Earnings Date12/5/2019 (Estimated)
OptionableOptionable

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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. Shareholders of record on Monday, September 23rd will be paid a dividend of $2.65 per share on Tuesday, October 1st. This represents a $10.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, September 20th. View Broadcom's Dividend History.

How will Broadcom's stock buyback program work?

Broadcom announced that its Board of Directors has approved a share repurchase plan 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 buy up to 12.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, September, 12th. The semiconductor manufacturer reported $3.99 EPS for the quarter, missing the consensus estimate of $4.10 by $0.11. The semiconductor manufacturer had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.52 billion. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. The firm's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.98 EPS. View Broadcom's Earnings History.

When is Broadcom's next earnings date?

Broadcom is scheduled to release their next quarterly earnings announcement on Thursday, December 5th 2019. View Earnings Estimates for Broadcom.

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?

34 Wall Street analysts have issued twelve-month price targets for Broadcom's shares. Their predictions range from $253.03 to $350.00. On average, they expect Broadcom's stock price to reach $310.4677 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Broadcom.

What is the consensus analysts' recommendation for Broadcom?

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 8 hold ratings and 26 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?

News headlines about AVGO stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Broadcom earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news articles about the semiconductor manufacturer a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Broadcom.

Are investors shorting Broadcom?

Broadcom saw a decrease in short interest during 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 daily volume of 2,780,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.5% of the shares of the company are sold short. View Broadcom's Current Options Chain.

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), Intel (INTC), Walt Disney (DIS), Adobe (ADBE), Skyworks Solutions (SWKS), Home Depot (HD) and Gilead Sciences (GILD).

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 retail and institutional investors. Top institutional shareholders 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 major 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 major investors are buying Broadcom stock?

AVGO stock was acquired 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 $290.32.

How big of a company is Broadcom?

Broadcom has a market capitalization of $115.57 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?

The official website for Broadcom is http://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]


MarketBeat Community Rating for Broadcom (NASDAQ AVGO)

Community Ranking:  3.7 out of 5 (star star star)
Outperform Votes:  2,118 (Vote Outperform)
Underperform Votes:  773 (Vote Underperform)
Total Votes:  2,891
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.
This page was last updated on 9/15/2019 by MarketBeat.com Staff

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