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NASDAQ:AVGO

Broadcom (AVGO) Stock Forecast, Price & News

$582.67
-5.57 (-0.95%)
(As of 05/16/2022 04:00 PM ET)
Add
Compare
Today's Range
$577.65
$589.14
50-Day Range
$554.39
$641.47
52-Week Range
$425.70
$677.76
Volume
1.42 million shs
Average Volume
2.50 million shs
Market Capitalization
$237.89 billion
P/E Ratio
33.22
Dividend Yield
2.79%
Beta
1.04
30 days | 90 days | 365 days | Advanced Chart
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Broadcom logo

About Broadcom

Broadcom Inc. designs, develops, and supplies various 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 in two segments, Semiconductor Solutions and Infrastructure Software. 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 merchant silicon products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic transmitter 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, and motion control encoders and subsystems. 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. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.

Headlines

3 Ways to Invest in 5G Growth
Investors have several ways to invest in companies that have significant exposure to 5G, from service providers to equipment makers to materials specialists. These three stocks each represent unique ways to connect to the 5G revolution.
Top Analyst Reports for Broadcom, Pepsi, & Cisco
See More Headlines

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:AVGO
CUSIP
Y0486S10
Fax
N/A
Employees
20,000
Year Founded
1961

Sales & Book Value

Annual Sales
$27.45 billion
Cash Flow
$41.50 per share
Book Value
$60.46 per share

Profitability

Net Income
$6.74 billion
Pretax Margin
28.31%

Debt

Price-To-Earnings

Miscellaneous

Free Float
398,891,000
Market Cap
$237.89 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/03/2022
Ex-Dividend for 3/31 Dividend
3/21/2022
Dividend Payable
3/31/2022
Today
5/16/2022
Next Earnings (Confirmed)
6/02/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

3.27 out of 5 stars

Computer And Technology Sector

14th out of 930 stocks

Semiconductors & Related Devices Industry

5th out of 124 stocks

Analyst Opinion: 3.4Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -













Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom
or view top-rated stocks.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, June 2nd 2022.
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, June 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "5189895".

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Thursday, March, 3rd. The semiconductor manufacturer reported $8.39 earnings per share for the quarter, topping analysts' consensus estimates of $8.08 by $0.31. The semiconductor manufacturer earned $7.71 billion during the quarter, compared to analysts' expectations of $7.61 billion. Broadcom had a net margin of 27.47% and a trailing twelve-month return on equity of 50.20%. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.78 EPS.
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, March 3rd. Stockholders of record on Tuesday, March 22nd will be paid a dividend of $4.10 per share on Thursday, March 31st. This represents a $16.40 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Monday, March 21st.
View Broadcom's dividend history
.

Is Broadcom a good dividend stock?

Broadcom pays an annual dividend of $16.40 per share and currently has a dividend yield of 2.79%. Broadcom 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 of Broadcom is 93.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Broadcom will have a dividend payout ratio of 46.62% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

How will Broadcom's stock buyback program work?

Broadcom announced that its Board of Directors has approved a stock buyback plan on Thursday, December 9th 2021, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 4.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its shares are undervalued.

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

Broadcom updated its second quarter 2022 earnings guidance on Thursday, March, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.90 billion-$7.90 billion, compared to the consensus revenue estimate of $7.43 billion.

What price target have analysts set for AVGO?

25 analysts have issued 12 month target prices for Broadcom's shares. Their forecasts range from $615.00 to $775.00. On average, they expect Broadcom's share price to reach $681.96 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Broadcom
or view top-rated stocks among Wall Street analysts.

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 is riding on continued strength across both Semiconductor solutions and Infrastructure software verticals. In fourth-quarter fiscal 2021, Semiconductor revenues benefited from higher demand for wireless solutions and continued momentum in networking and broadband solutions. Networking was driven by routing from service providers in the expansion of 5G networks for backhaul, metro, and call, as well as major share gains in ethernet network interface controllers within data centers. Synergies from acquisitions of CA and Symantec’s enterprise security business aided results. Further, an upbeat first quarter guidance on strong uptick in broadband, networking and wireless revenues is encouraging. Shares have outperformed the industry in the past year. However, increasing competition along with high debt levels are persistent overhangs." (3/8/2022)
  • 2. The company reported a "solid" Q3 results, an even better outlook for Q4, and also delivered a "big" dividend increase and a "robust" buyback, the analyst tells investors in a research note. Broadcom should produce mid-single-digit sales growth through a cycle, with margin expansion and capital allocation driving earnings, free cash flows, and dividend growth per share at double-digit CAGR, Stein adds." (12/10/2021)
  • 3. The biggest takeaway from the earnings call was the company's $10B buyback expected to be completed by FY22, which demonstrates its confidence in its ability to generate superior free cash flows into next year, the analyst tells investors in a research note. Srivastava adds that Broadcom's fundamentals are strengthening as "moribund" enterprise spending is coming back "strong"." (12/10/2021)
  • 4. Stating that despite Broadcom reporting "generally in-line numbers" for the quarter, there is "a lot to like in the print." The positives include the company continuing to "expand its leading operating margin to impressive levels" and its "solid raise" to next quarter's revenue outlook, said Moore, who adds that management committed to a dividend raise of approximately 14% and announced a new, $10B share repurchase plan in the absence of large M&A." (12/10/2021)
  • 5. The analyst said its margin and FCF profile remains unmatched and its $10B buyback signals commitment to capital returns though management and he wouldn't exclude further M&A. " (12/10/2021)
Who are Broadcom's key executives?
Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 70, Pay $6.65M)
  • Ms. Kirsten M. Spears, CFO & Chief Accounting Officer (Age 58, Pay $994.61k) (LinkedIn Profile)
  • Dr. Charlie B. Kawwas Ph.D., Chief Operating Officer (Age 51, Pay $2.21M)
  • Mr. Mark D. Brazeal, Chief Legal & Corp. Affairs Officer (Age 54, Pay $1.34M) (LinkedIn Profile)
  • Mr. Thomas H. Krause Jr., Pres of Broadcom Software Group (Age 44, Pay $1.71M) (LinkedIn Profile)
  • Mr. Alan Davidson, Chief Information Officer
  • Ji Yoo, Director of Investor Relations
  • Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division
  • Mr. Greg Fischer, Sr. VP & GM of Broadband Carrier Access Products Division
  • Mr. Rich Nelson, Sr. VP & GM of Set-Top Box & Cable Modem Products Division
What is Hock E. Tan's approval rating as Broadcom's CEO?

154 employees have rated Broadcom CEO Hock E. Tan on Glassdoor.com. Hock E. Tan has an approval rating of 38% among Broadcom's employees. This puts Hock E. Tan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.06%), BlackRock Inc. (7.00%), State Street Corp (3.98%), Northern Trust Corp (1.17%), Charles Schwab Investment Management Inc. (1.15%) and Bank of New York Mellon Corp (0.90%). Company insiders that own Broadcom 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, 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 for Broadcom
.

Which major investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, Toronto Dominion Bank, UBS Group AG, First Trust Advisors LP, Capitolis Advisors LLC, Healthcare of Ontario Pension Plan Trust Fund, Clearbridge Investments LLC, and IMC Chicago LLC. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Gayla J Delly, Justine Lien, Kirsten M Spears, Mark David Brazeal, and Thomas H Krause.
View insider buying and selling activity for Broadcom
or view top insider-selling stocks.

Which major investors are buying Broadcom stock?

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, BlackRock Inc., Fisher Asset Management LLC, Wellington Management Group LLP, Vanguard Group Inc., Charles Schwab Investment Management Inc., Raymond James & Associates, and JPMorgan Chase & Co.. 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $582.67.

How much money does Broadcom make?

Broadcom has a market capitalization of $237.89 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $17.539990 on an earnings per share basis.

How many employees does Broadcom have?

Broadcom employs 20,000 workers across the globe.

Does Broadcom have any subsidiaries?

The following companies are subsidiares of Broadcom: Agere Systems, Allayer Technologies, Alphamosaic, Altocom, AppNeta, Athena Semiconductors, Avago Technologies International Sales Pte. Limited, Avago Technologies U.S. Inc., Avago Technologies Wireless (U.S.A.) Manufacturing LLC, Bay Dynamics, Beceem Communications, BroadLight, BroadLogic Network Technologies, Broadcom Corporation, Broadcom Singapore Pte. Ltd., Brocade Communications Systems, CA, CA Europe Sárl, CA Inc, DuneNetworks, Gadzoox Network, Gigle Networks, Global Locate, Innovision Research & Technology, LSI Corporation Delaware (U.S.A.), LVL7 Systems, MagnaCom, Maverick Networks, NetLogic Microsystems, NewPort Communications, NortonLifeLock, Octalica, Percello, Provigent, RAIDCore, SCsquare, Sand Video, Sandburst Corporation, ServerWorks, SiByte, Silicon Spice, Siliquent Technologies, Symantec, Teknovus, VisionTech, WIDCOMM, Zeevo, and Zyray Wireless.

When was Broadcom founded?

Broadcom was founded in 1961.

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 5/16/2022 by MarketBeat.com Staff

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