Broadcom Stock Forecast, Price & News

26 Wall Street 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 analysts is that investors should "moderate buy" Broadcom stock.
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26 equities research analysts have issued twelve-month price objectives for Broadcom's stock. Their AVGO stock forecasts range from $615.00 to $780.00. On average, they expect Broadcom's stock price to reach $683.17 in the next twelve months. This suggests a possible upside of 43.0% from the stock's current price.
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Broadcom's stock was trading at $665.41 at the start of the year. Since then, AVGO stock has decreased by 28.2% and is now trading at $477.84.
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Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our earnings forecast for Broadcom.

Broadcom Inc. (NASDAQ:AVGO) announced its quarterly earnings data on Thursday, May, 26th. The semiconductor manufacturer reported $9.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.88 by $1.19. The semiconductor manufacturer earned $8.10 billion during the quarter, compared to analyst estimates of $7.91 billion. Broadcom had a trailing twelve-month return on equity of 56.29% and a net margin of 29.76%. Broadcom's revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $5.89 EPS.
View Broadcom's earnings history.

Broadcom announced a quarterly dividend on Thursday, May 26th. Stockholders of record on Wednesday, June 22nd will be given a dividend of $4.10 per share on Thursday, June 30th. This represents a $16.40 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, June 21st.
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Broadcom(NASDAQ:AVGO) pays an annual dividend of $16.40 per share and currently has a dividend yield of 3.38%. 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 81.31%. 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 43.97% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

Broadcom announced that its Board of Directors has approved a share buyback plan 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 purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Broadcom issued an update on its third quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided EPS 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.

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.

Some companies that are related to Broadcom include NVIDIA (NVDA), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Altair Engineering (ALTR), Power Integrations (POWI) and Cirrus Logic (CRUS).
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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 a variety of institutional and retail investors. Top institutional investors include Insight Wealth Strategies LLC (0.00%) and Park National Corp OH (0.00%). Company insiders that own Broadcom 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 for Broadcom.

AVGO stock was sold by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC. Company insiders that have sold Broadcom company stock in the last two years include Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Gayla J Delly, Harry L You, Hock E Tan, Justine Lien, Kirsten M Spears, Mark David Brazeal, and Thomas H Krause.
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AVGO stock was acquired by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have bought Broadcom stock in the last two years include Henry Samueli, and Raul J Fernandez.
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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.
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One share of AVGO stock can currently be purchased for approximately $477.84.

Broadcom (NASDAQ:AVGO) has a market capitalization of $192.96 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.

Broadcom employs 20,000 workers across the globe.

Broadcom was founded in 1961.

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The official website for Broadcom is www.broadcom.com. The semiconductor manufacturer can be reached via phone at (408) 433-8000 or via email at investor.relations@broadcom.com.