S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30
S&P 500   4,410.13
DOW   34,364.50
QQQ   353.30

Broadcom Stock Forecast, Price & News

$541.58
+8.35 (+1.57%)
(As of 01/24/2022 04:00 PM ET)
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Today's Range
$513.48
$543.50
50-Day Range
$533.23
$674.28
52-Week Range
$419.14
$677.76
Volume
5.43 million shs
Average Volume
2.90 million shs
Market Capitalization
$223.60 billion
P/E Ratio
36.11
Dividend Yield
3.08%
Beta
0.97
30 days | 90 days | 365 days | Advanced Chart
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Broadcom logo

About Broadcom

Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions and Infrastructure Software. 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.

Headlines

3 Dividend Stocks with Momentum Headed into 2022
December 29, 2021 |  marketbeat.com
Broadcom Enters Oversold Territory - Nasdaq
January 21, 2022 |  nasdaq.com
Why Broadcom Stock's Pullback May Soon Be Over
January 19, 2022 |  finance.yahoo.com
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
$39.27 per share
Book Value
$60.46 per share

Profitability

Net Income
$6.74 billion
Pretax Margin
24.65%

Debt

Price-To-Earnings

Miscellaneous

Free Float
402,965,000
Market Cap
$223.60 billion
Optionable
Optionable

Company Calendar

Last Earnings
12/09/2021
Ex-Dividend for 12/31 Dividend
12/21/2021
Dividend Payable
12/31/2021
Today
1/25/2022
Next Earnings (Estimated)
3/03/2022
Fiscal Year End
10/31/2022

Social Links


MarketRank

Overall MarketRank

3.39 out of 5 stars

Computer And Technology Sector

3rd out of 895 stocks

Semiconductors & Related Devices Industry

1st out of 119 stocks

Analyst Opinion: 3.4Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 4 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom
or view top-rated stocks.

How has Broadcom's stock been impacted by Coronavirus?

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AVGO stock has increased by 120.2% and is now trading at $541.58.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,670,000 shares, an increase of 23.0% from the November 30th total of 4,610,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.4% of the shares of the company are sold short.
View Broadcom's Short Interest
.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, March 3rd 2022.
View our earnings forecast for Broadcom
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Thursday, December, 9th. The semiconductor manufacturer reported $7.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $7.74 by $0.07. The semiconductor manufacturer earned $7.41 billion during the quarter, compared to the consensus estimate of $7.36 billion. Broadcom had a trailing twelve-month return on equity of 46.31% and a net margin of 24.54%. Broadcom's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.58 earnings per share.
View Broadcom's earnings history
.

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

Broadcom declared a quarterly dividend on Thursday, December 9th. Stockholders of record on Wednesday, December 22nd will be paid a dividend of $4.10 per share on Friday, December 31st. This represents a $16.40 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, December 21st. This is an increase from Broadcom's previous quarterly dividend of $3.60.
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 3.08%. 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 109.33%. 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 50.28% 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 declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 9th 2021, which authorizes the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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

Broadcom updated its first quarter 2022 earnings guidance on Thursday, December, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.60 billion-$7.60 billion, compared to the consensus revenue estimate of $7.25 billion.

What price target have analysts set for AVGO?

26 brokers have issued 12-month target prices for Broadcom's shares. Their forecasts range from $460.00 to $750.00. On average, they expect Broadcom's share price to reach $663.88 in the next twelve months. This suggests a possible upside of 22.6% 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. 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)
  • 2. 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)
  • 3. 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)
  • 4. 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:

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.com (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 retail and institutional investors. Top institutional investors include New York State Teachers Retirement System (0.12%), Aegon Asset Management UK PLC (0.08%), Sarasin & Partners LLP (0.07%), Retirement Systems of Alabama (0.06%), Strs Ohio (0.04%) and Guinness Asset Management LTD (0.03%). Company insiders that own Broadcom stock include Charlie B Kawwas, Charlie B Kawwas, Eddy W Hartenstein, Eddy W Hartenstein, 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 institutional investors are selling Broadcom stock?

AVGO stock was sold by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, Moody National Bank Trust Division, Signature Estate & Investment Advisors LLC, Value Partners Investments Inc., Cantor Fitzgerald Investment Adviser L.P., Selway Asset Management, Aegon Asset Management UK PLC, and Endurance Wealth Management Inc.. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Eddy W Hartenstein, Harry L You, 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 institutional investors are buying Broadcom stock?

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Stonnington Group LLC, Gulf International Bank UK Ltd, National Bank of Canada FI, M&G Investment Management Ltd., Russell Investments Group Ltd., Guinness Asset Management LTD, and DDD Partners LLC. 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 $541.58.

How much money does Broadcom make?

Broadcom has a market capitalization of $223.60 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $15.00 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, 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.

Where are Broadcom's headquarters?

Broadcom is headquartered at 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131.

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 1/25/2022 by MarketBeat.com Staff

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