S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers

Broadcom - AVGO Stock Forecast, Price & News

$597.62
-8.15 (-1.35%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$596.25
$608.04
50-Day Range
$518.50
$605.77
52-Week Range
$415.07
$645.31
Volume
1.91 million shs
Average Volume
2.21 million shs
Market Capitalization
$249.74 billion
P/E Ratio
22.55
Dividend Yield
3.04%
Price Target
$667.21

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
11.6% Upside
$667.21 Price Target
Short Interest
Healthy
1.37% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.71mentions of Broadcom in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$97,726 Sold Last Quarter
Proj. Earnings Growth
7.40%
From $37.28 to $40.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.10 out of 5 stars

Computer And Technology Sector

14th out of 610 stocks

Semiconductors & Related Devices Industry

1st out of 89 stocks

AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

Broadcom, Inc. is a global technology company, which designs, develops, and supplies semiconductor and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise, and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise, and storage area networking solutions. The company was founded in 1961 and is headquartered in San Jose, CA.

Receive AVGO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Broadcom and its competitors with MarketBeat's FREE daily newsletter.

AVGO Stock News Headlines

EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up (AVGO)
Chipmaker STMicroelectronics gapped up 7.75% after significantly topping Q4 earnings views, largely on the strength of silicon carbide chips used in EVs.
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
These 4 Semiconductor Stocks Are Hot Buys Right Now
The Pros And Cons Of Investing In Broadcom In 2023
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Broadcom: Still One Of The Best Tech Income Stocks
3 Nasdaq Stocks to Buy Now and Hold Forever
A Look At The Fair Value Of Broadcom Inc. (NASDAQ:AVGO)
3 Chip Stocks That Should Be on Your Radar Today
3 Top Dividend Growth Stocks I'm Buying to Close Out 2022
Tech Is in a Slump, but Broadcom Is Still Growing
Broadcom Full Year 2022 Earnings: EPS Beats Expectations
See More Headlines
Receive AVGO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Broadcom and its competitors with MarketBeat's FREE daily newsletter.

AVGO Company Calendar

Last Earnings
12/08/2022
Ex-Dividend for 12/30 Dividend
12/19/2022
Dividend Payable
12/30/2022
Today
2/04/2023
Next Earnings (Confirmed)
3/02/2023
Fiscal Year End
10/31/2023

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

Price Target and Rating

Average Stock Price Forecast
$667.21
High Stock Price Forecast
$775.00
Low Stock Price Forecast
$555.00
Forecasted Upside/Downside
+11.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$11.50 billion
Pretax Margin
37.45%

Debt

Sales & Book Value

Annual Sales
$33.20 billion
Cash Flow
$47.92 per share
Book Value
$54.34 per share

Miscellaneous

Free Float
408,275,000
Market Cap
$249.74 billion
Optionable
Optionable
Beta
1.10

Social Links


Key Executives

  • Hock E. TanHock E. Tan
    President, Chief Executive Officer & Director
  • Kirsten M. SpearsKirsten M. Spears
    Chief Financial & Accounting Officer
  • Alan Davidson
    Chief Information Officer
  • Charlie B. KawwasCharlie B. Kawwas
    President-Semiconductor Solutions Group
  • Ivy Pong
    Vice President-Global Taxation













AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVGO shares.
View AVGO analyst ratings
or view top-rated stocks.

What is Broadcom's stock price forecast for 2023?

18 Wall Street research analysts have issued 1 year price objectives for Broadcom's stock. Their AVGO share price forecasts range from $555.00 to $775.00. On average, they expect the company's stock price to reach $667.21 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for AVGO
or view top-rated stocks among Wall Street analysts.

How have AVGO shares performed in 2023?

Broadcom's stock was trading at $559.13 on January 1st, 2023. Since then, AVGO stock has increased by 6.9% and is now trading at $597.62.
View the best growth stocks for 2023 here
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our AVGO earnings forecast
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, March 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings results on Thursday, December, 8th. The semiconductor manufacturer reported $9.75 earnings per share for the quarter, topping the consensus estimate of $9.50 by $0.25. The semiconductor manufacturer earned $8.93 billion during the quarter, compared to the consensus estimate of $8.90 billion. Broadcom had a trailing twelve-month return on equity of 70.00% and a net margin of 34.62%. The firm's quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the business posted $7.01 EPS.
Read the conference call transcript
.

How often does Broadcom pay dividends? What is the dividend yield for Broadcom?

Broadcom announced a quarterly dividend on Thursday, December 8th. Stockholders of record on Tuesday, December 20th will be given a dividend of $4.60 per share on Friday, December 30th. This represents a $18.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Monday, December 19th. This is an increase from the stock's previous quarterly dividend of $4.10.
Read our dividend analysis for AVGO
.

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 3.04%. 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 69.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

How will Broadcom's stock buyback program work?

Broadcom declared that its Board of Directors has initiated a share repurchase program on Thursday, May 26th 2022, which allows the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

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

Broadcom issued an update on its first quarter 2023 earnings guidance on Thursday, December, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.90 billion-$8.90 billion, compared to the consensus revenue estimate of $8.79 billion.

What is Hock E. Tan's approval rating as Broadcom's CEO?

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.

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 many different institutional and retail investors. Top institutional investors include Edmp Inc. (1.18%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Fisher Asset Management LLC (0.28%), Bank of Montreal Can (0.24%), M&G Investment Management Ltd. (0.18%) and New York State Common Retirement Fund (0.16%). 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
.

How do I buy shares of Broadcom?

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.
Compare Top Brokerages Here.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $597.62.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $249.74 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $26.50 on an earnings per share basis.

How many employees does Broadcom have?

The company 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 Europe Sárl, CA Inc., Camel Expeditionary, DuneNetworks, Gadzoox Network, Gigle Networks, Global Locate, Innovision Research & Technology, LSI Corporation, 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, Teknovus, VisionTech, WIDCOMM, Zeevo, and Zyray Wireless.
Read More
How can I contact Broadcom?

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.

This page (NASDAQ:AVGO) was last updated on 2/4/2023 by MarketBeat.com Staff