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DOW   31,961.86
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NASDAQ:AVGO

Broadcom Stock Forecast, Price & News

$480.88
+8.98 (+1.90 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$462.66
Now: $480.88
$481.41
50-Day Range
$425.46
MA: $463.69
$489.96
52-Week Range
$155.67
Now: $480.88
$495.14
Volume1.51 million shs
Average Volume1.65 million shs
Market Capitalization$196.30 billion
P/E Ratio76.45
Dividend Yield3.05%
Beta1.05
Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers 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's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. It operates through two segments, Semiconductor Solutions and Infrastructure Software. The company was incorporated in 2018 and is based in San Jose, California.
Broadcom logo

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000
Employees21,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.89 billion
Cash Flow$40.68 per share
Book Value$58.70 per share

Profitability

Net Income$2.96 billion

Miscellaneous

Market Cap$196.30 billion
Next Earnings Date3/4/2021 (Confirmed)
OptionableOptionable

MarketRank

Overall MarketRank

2.16 out of 5 stars

Computer And Technology Sector

45th out of 1,521 stocks

Semiconductors & Related Devices Industry

10th out of 147 stocks

Analyst Opinion: 2.4Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$480.88
+8.98 (+1.90 %)
(As of 02/24/2021 12:00 AM ET)
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Broadcom (NASDAQ:AVGO) Frequently Asked Questions

Is Broadcom a buy right now?

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 5 hold ratings and 23 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.

What stocks does MarketBeat like better than Broadcom?

Wall Street analysts have given Broadcom a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Broadcom wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Broadcom's next earnings date?

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Broadcom
.

How can I listen to Broadcom's earnings call?

Broadcom will be holding an earnings conference call on Thursday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its earnings results on Wednesday, December, 9th. The semiconductor manufacturer reported $6.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.25 by $0.10. The semiconductor manufacturer had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $6.43 billion. Broadcom had a net margin of 12.39% and a trailing twelve-month return on equity of 35.23%. Broadcom's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.39 earnings per share.
View Broadcom's earnings history
.

How has Broadcom's stock price 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 95.5% and is now trading at $480.88.
View which stocks have been most impacted by COVID-19
.

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

Broadcom announced a quarterly dividend on Thursday, December 10th. Investors of record on Monday, December 21st will be given a dividend of $3.60 per share on Thursday, December 31st. This represents a $14.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, December 18th. This is a boost from Broadcom's previous quarterly dividend of $3.25.
View Broadcom's dividend history
.

Is Broadcom a good dividend stock?

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 3.05%. Broadcom has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Broadcom is 78.05%. 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 60.86% next year. This indicates that Broadcom will be able to sustain or increase its dividend.
View Broadcom's dividend history.

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

Broadcom issued an update on its first quarter 2021 After-Hours earnings guidance on Thursday, December, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.6-6.6 billion, compared to the consensus revenue estimate of $6.52 billion.

What price target have analysts set for AVGO?

28 brokerages have issued 12-month target prices for Broadcom's shares. Their forecasts range from $215.00 to $500.00. On average, they anticipate Broadcom's share price to reach $421.96 in the next year. This suggests that the stock has a possible downside of 12.3%.
View analysts' price targets for Broadcom
or view top-rated stocks among Wall Street analysts.

Who are Broadcom's key executives?

Broadcom's management team includes the following people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 69, Pay $2.37M)
  • Dr. Charlie B. Kawwas, Chief Operating Officer (Age 50, Pay $856.75k)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 53, Pay $752.24k)
  • Mr. Thomas H. Krause Jr., Pres of Infrastructure Software Group (Age 43, Pay $772.24k)
  • Ms. Kirsten M. Spears, CFO & Chief Accounting Officer (Age 57)
  • Mr. Alan Davidson, Chief Information Officer
  • Ms. Beatrice F. Russotto, Director of Investor Relations
  • Ms. Debbie Streeter, VP of HR
  • Mr. Frank Ostojic, Sr. VP & GM of ASIC Products Division
  • Mr. Greg Fischer, Sr. VP & GM of Broadband Carrier Access Products Division

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.

Who are some of Broadcom's key competitors?

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), The 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.40%), Northern Trust Corp (1.16%), Price T Rowe Associates Inc. MD (1.11%), Bank of New York Mellon Corp (0.92%), Nuveen Asset Management LLC (0.87%) and Clearbridge Investments LLC (0.86%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Eddy W Hartenstein, Harry L You, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez 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 Barrow Hanley Mewhinney & Strauss LLC, Federated Hermes Inc., American International Group Inc., Amundi Pioneer Asset Management Inc., Clearbridge Investments LLC, Sumitomo Mitsui Trust Holdings Inc., Prudential PLC, and Alliancebernstein L.P.. Company insiders that have sold Broadcom company stock in the last year include Charlie B Kawwas, Eddy W Hartenstein, Harry L You, Hock E Tan, 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 major investors are buying Broadcom stock?

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., Bessemer Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, Keybank National Association OH, and State of Michigan Retirement System. 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 $480.88.

How much money does Broadcom make?

Broadcom has a market capitalization of $196.30 billion and generates $23.89 billion in revenue each year. The semiconductor manufacturer earns $2.96 billion in net income (profit) each year or $18.45 on an earnings per share basis.

How many employees does Broadcom have?

Broadcom employs 21,000 workers across the globe.

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 2/25/2021 by MarketBeat.com Staff

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