NASDAQ:AVGO - Broadcom Stock Price, News, & Analysis

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$281.43 -0.50 (-0.18 %)
(As of 02/19/2019 12:43 PM ET)
Previous Close$281.93
Today's Range$280.20 - $282.83
52-Week Range$197.46 - $284.09
Volume30,569 shs
Average Volume3.08 million shs
Market Capitalization$114.62 billion
P/E Ratio14.93
Dividend Yield3.77%
Beta0.72
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. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment 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 Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides 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 and switches; read channel based SoCs; custom flash controllers; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. The company's 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. is headquartered in San Jose, California.

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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$30.2939 per share
Book Value$64.47 per share

Profitability

Net Income$12.26 billion

Miscellaneous

Employees15,000
Market Cap$114.62 billion
OptionableOptionable

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 announced a quarterly dividend on Thursday, December 6th. Stockholders of record on Wednesday, December 19th will be paid a dividend of $2.65 per share on Friday, December 28th. This represents a $10.60 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, December 18th. This is a boost from Broadcom's previous quarterly dividend of $1.75. View Broadcom's Dividend History.

How will Broadcom's stock buyback program work?

Broadcom announced that its Board of Directors has initiated a share buyback 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 reacquire up to 12.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) released its earnings results on Thursday, December, 6th. The semiconductor manufacturer reported $5.85 EPS for the quarter, topping the Zacks' consensus estimate of $5.58 by $0.27. The semiconductor manufacturer earned $5.45 billion during the quarter, compared to analyst estimates of $5.40 billion. Broadcom had a return on equity of 29.03% and a net margin of 58.80%. The company's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.59 earnings per share. View Broadcom's Earnings History.

When is Broadcom's next earnings date?

Broadcom is scheduled to release their next quarterly earnings announcement on Thursday, March 14th 2019. View Earnings Estimates for Broadcom.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, March 14th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8663108712.

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

Broadcom issued an update on its FY 2019 earnings guidance on Thursday, December, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $24.5-24.5 billion, compared to the consensus revenue estimate of $22.4 billion.

What price target have analysts set for AVGO?

37 equities research analysts have issued 12 month target prices for Broadcom's stock. Their forecasts range from $220.00 to $335.00. On average, they anticipate Broadcom's stock price to reach $289.9688 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Broadcom.

What is the consensus analysts' recommendation for Broadcom?

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 30 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 is a premier designer, developer and global supplier of a broad range of semiconductor devices. 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. Nonetheless, shares of Broadcom have underperformed the industry in the past one year. The company faces intensifying competition and integration risks due to frequent acquisitions. The company’s leveraged balance sheet and customer concentration continue to be headwinds. " (12/5/2018)
  • 2. 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 coverage about AVGO stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Broadcom earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave press coverage about the semiconductor manufacturer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting Broadcom?

Broadcom saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,848,721 shares, a decline of 20.3% from the January 15th total of 8,589,975 shares. Based on an average daily volume of 3,077,327 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.7% of the company's stock are sold short. View Broadcom's Current Options Chain.

Who are some of Broadcom's key competitors?

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 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.31%), Oregon Public Employees Retirement Fund (2.93%), Geode Capital Management LLC (1.26%), Northern Trust Corp (1.19%), Bank of New York Mellon Corp (0.95%) and Jennison Associates LLC (0.81%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lake (Offshore) Aiv Gp Silver, Lake Group LLC Silver, Lewis C Eggebrecht, Patricia H Mccall 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 Hardman Johnston Global Advisors LLC, Mackenzie Financial Corp, Standard Life Aberdeen plc, Investec Asset Management LTD, BlackRock Inc., Prudential PLC, Valinor Management L.P. and Samlyn Capital LLC. 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 purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Thornburg Investment Management Inc., Westfield Capital Management Co. LP, Amundi Pioneer Asset Management Inc., Royal London Asset Management Ltd., CI Investments Inc., Cornerstone Investment Partners LLC and Lord Abbett & CO. LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $281.2450.

How big of a company is Broadcom?

Broadcom has a market capitalization of $114.54 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.

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:  2,031 (Vote Outperform)
Underperform Votes:  706 (Vote Underperform)
Total Votes:  2,737
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 2/19/2019 by MarketBeat.com Staff

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