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Broadcom - AVGO Stock Forecast, Price & News

$550.44
+17.64 (+3.31%)
(As of 08/10/2022 04:02 PM ET)
Add
Compare
Today's Range
$536.76
$550.99
50-Day Range
$476.30
$576.74
52-Week Range
$462.66
$677.76
Volume
117,699 shs
Average Volume
2.41 million shs
Market Capitalization
$222.28 billion
P/E Ratio
27.29
Dividend Yield
3.01%
Price Target
$680.46

Broadcom MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
23.6% Upside
$680.46 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.51mentions of Broadcom in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.78%
From $33.96 to $37.28 Per Share

Overall MarketRank

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

2.63 out of 5 stars

Computer And Technology Sector

80th out of 653 stocks

Semiconductors & Related Devices Industry

19th out of 98 stocks

AVGO stock logo

About Broadcom (NASDAQ:AVGO) Stock

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.

Broadcom Price Performance

NASDAQ:AVGO opened at $532.80 on Wednesday. Broadcom has a 52-week low of $462.66 and a 52-week high of $677.76. The company has a market cap of $215.15 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.90 and a current ratio of 2.14. The stock's 50-day simple moving average is $517.05 and its 200 day simple moving average is $561.21.

Broadcom (NASDAQ:AVGO - Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The semiconductor manufacturer reported $8.39 earnings per share for the quarter, topping the consensus estimate of $7.88 by $0.51. Broadcom had a return on equity of 56.29% and a net margin of 29.76%. The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the previous year, the firm earned $5.89 EPS. The business's quarterly revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts forecast that Broadcom will post 33.96 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 22nd were paid a $4.10 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $16.40 annualized dividend and a yield of 3.08%. Broadcom's dividend payout ratio (DPR) is currently 81.31%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. KeyCorp lifted their price target on shares of Broadcom from $720.00 to $780.00 and gave the stock an "overweight" rating in a research note on Friday, May 27th. StockNews.com upgraded shares of Broadcom from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Broadcom from $700.00 to $635.00 in a research report on Wednesday, July 20th. Bank of America decreased their price objective on Broadcom from $780.00 to $625.00 and set a "buy" rating on the stock in a report on Wednesday, June 29th. Finally, Truist Financial increased their target price on Broadcom to $658.00 in a report on Friday, May 27th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and a consensus price target of $680.46.

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AVGO Stock News Headlines

Diversified onsemi Is Outperforming The Semiconductor Index  (AVGO)
onsemi is outperforming the semiconductor industry and will continue to do so as its refocusing strategy gains momentum and drives results.
3 Mega Cap Tech Stocks to Mega Consider (AVGO)
Of the roughly 30 U.S. mega cap stocks, some are looking more attractive than others. For however long the recovery takes, these three technology names are built to weather the storm and climb to new heights.
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
The 3 Best Dividend Stocks to Buy for Retirement
Check Out What Whales Are Doing With AVGO
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Broadcom Whale Trades For July 27
3 Stocks to Buy Before Wall Street Catches On
3 Stocks to Buy Hand-Over-Fist This Summer
See More Headlines
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AVGO Company Calendar

Last Earnings
5/26/2022
Ex-Dividend for 6/30 Dividend
6/21/2022
Dividend Payable
6/30/2022
Today
8/10/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
10/31/2022

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
$680.46
High Stock Price Forecast
$780.00
Low Stock Price Forecast
$615.00
Forecasted Upside/Downside
+23.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
26 Analysts

Profitability

Net Income
$6.74 billion
Pretax Margin
31.25%

Debt

Sales & Book Value

Annual Sales
$27.45 billion
Cash Flow
$41.83 per share
Book Value
$60.46 per share

Miscellaneous

Free Float
394,530,000
Market Cap
$222.28 billion
Optionable
Optionable
Beta
1.08

Social Links















AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

26 Wall Street 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 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 2022?

26 Wall Street research analysts have issued 12 month price targets for Broadcom's shares. Their AVGO share price forecasts range from $615.00 to $780.00. On average, they expect the company's stock price to reach $680.46 in the next twelve months. This suggests a possible upside of 24.7% 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 2022?

Broadcom's stock was trading at $665.41 at the start of the year. Since then, AVGO stock has decreased by 18.0% and is now trading at $545.71.
View the best growth stocks for 2022 here
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our AVGO earnings forecast
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, September 1st 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 earnings results on Thursday, May, 26th. The semiconductor manufacturer reported $8.39 earnings per share for the quarter, topping the consensus estimate of $7.88 by $0.51. The semiconductor manufacturer earned $8.10 billion during the quarter, compared to analysts' expectations of $7.91 billion. Broadcom had a net margin of 29.76% and a trailing twelve-month return on equity of 56.29%. The business's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $5.89 earnings per share.
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, May 26th. Stockholders of record on Wednesday, June 22nd will be paid a dividend of $4.10 per share on Thursday, June 30th. This represents a $16.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, June 21st.
Read our dividend analysis for AVGO
.

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 3.01%. 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 81.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.99% 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 announced that its Board of Directors has authorized a share repurchase program on Thursday, May 26th 2022, which permits the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

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

Broadcom updated its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.40 billion-$8.40 billion, compared to the consensus revenue estimate of $8.01 billion.

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)

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 retail and institutional investors. Top institutional investors include Jennison Associates LLC (0.56%), Swiss National Bank (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Cantillon Capital Management LLC (0.26%), Van ECK Associates Corp (0.19%) and Thornburg Investment Management Inc. (0.18%). 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, 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 $545.71.

How much money does Broadcom make?

Broadcom (NASDAQ:AVGO) has a market capitalization of $220.37 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $20.17 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

When was Broadcom founded?

Broadcom was founded in 1961.

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 8/10/2022 by MarketBeat.com Staff

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