Broadcom - AVGO Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVGO shares.
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16 brokerages have issued 1 year price objectives for Broadcom's shares. Their AVGO share price forecasts range from $555.00 to $775.00. On average, they expect the company's share price to reach $674.17 in the next twelve months. This suggests a possible upside of 5.1% 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 14.8% and is now trading at $641.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 25th 2023.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings data on Thursday, March, 2nd. The semiconductor manufacturer reported $10.33 EPS for the quarter, beating analysts' consensus estimates of $9.38 by $0.95. The semiconductor manufacturer had revenue of $8.92 billion for the quarter, compared to analysts' expectations of $8.90 billion. Broadcom had a net margin of 37.19% and a trailing twelve-month return on equity of 73.52%. Broadcom's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.68 EPS.
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Broadcom announced a quarterly dividend on Thursday, March 2nd. Shareholders 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 2.87%. The ex-dividend date of this dividend 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), First Trust NASDAQ Technology Dividend Index Fund (TDIV), First Trust Nasdaq Semiconductor ETF (FTXL), iShares Semiconductor ETF (SOXX), Invesco PHLX Semiconductor ETF (SOXQ), ProShares Ultra Semiconductors (USD) 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 2.92%. 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 45.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

Broadcom announced that its board has approved a share buyback program on Thursday, May 26th 2022, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Broadcom issued an update on its second quarter 2023 earnings guidance on Thursday, March, 2nd. The company provided earnings per share 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 many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.78%), Charles Schwab Investment Management Inc. (1.56%), Morgan Stanley (1.41%), Edmp Inc. (1.18%), Price T Rowe Associates Inc. MD (1.09%) and Norges Bank (0.95%). 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 $641.75.

Broadcom (NASDAQ:AVGO) has a market capitalization of $267.56 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.