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NASDAQ:AVGO

Broadcom - AVGO Stock Forecast, Price & News

$444.01

-6.12 (-1.36%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $443.64
▼
$457.82
50-Day Range: $444.01
▼
$558.96
52-Week Range: $443.64
▼
$677.76

Volume: 2.72 million shs
Average Volume: 2.39 million shs
Market Capitalization: $179.82 billion

P/E Ratio: 19.20
Dividend Yield: 3.64%
Price Target: $675.33

Broadcom MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 52.1% Upside
$675.33 Price Target
Short Interest: Healthy
1.56% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.25
Upright™ Environmental Score
News Sentiment: 0.54
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.75%
From $34.41 to $37.42 Per Share

Overall MarketRank^™

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

3.60 out of 5 stars

Computer And Technology Sector

4th out of 650 stocks

Semiconductors & Related Devices Industry

2nd out of 97 stocks

4.5

Analyst's Opinion

Consensus Rating
Broadcom has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 22 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $675.33, Broadcom has a forecasted upside of 52.1% from its current price of $444.01.
Amount of Analyst Coverage
Broadcom has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.56% of the float of Broadcom has been sold short.
Short Interest Ratio / Days to Cover
Broadcom has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Broadcom has recently increased by 8.82%, indicating that investor sentiment is decreasing significantly.

5.0

Dividend Strength

Dividend Leadership
Broadcom is a leading dividend payer. It pays a dividend yield of 3.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Broadcom has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of Broadcom is 70.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Broadcom will have a dividend payout ratio of 43.83% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Broadcom has received a 25.98% net impact score from Upright. Broadcom seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Creating knowledge". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network switches", "Data center services", and "Wireless access points" products. See details.
Environmental Sustainability
The Environmental Impact score for Broadcom is -1.25.

2.5

News and Social Media Coverage

News Sentiment
Broadcom has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Broadcom this week, compared to 9 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Broadcom this week, compared to 4 mentions on an average week.
Search Interest
146 people have searched for AVGO on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 56 people have added Broadcom to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Broadcom insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Broadcom is held by insiders.
Percentage Held by Institutions
79.60% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Broadcom are expected to grow by 8.75% in the coming year, from $34.41 to $37.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Broadcom is 19.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Broadcom is 19.20, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 377.26.
Price to Earnings Growth Ratio
Broadcom has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Broadcom has a P/B Ratio of 8.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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AVGO Stock News Headlines

September 6, 2022 | insidertrades.com

Broadcom Bounces From Institutional Bottom

September 29, 2022 | finance.yahoo.com

4 Dividend-Paying Stocks to Watch in the Technology Sector

September 30, 2022 | Weiss Ratings (Ad)

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September 29, 2022 | americanbankingnews.com

Broadcom (NASDAQ:AVGO) Stock Rating Lowered by StockNews.com

September 28, 2022 | nasdaq.com

Top Research Reports for Broadcom, Comcast & Equinor - Nasdaq

September 28, 2022 | msn.com

Looking At Broadcom's Recent Whale Trades

September 28, 2022 | nasdaq.com

September 28, 2022 | finance.yahoo.com

Broadcom Inc. (AVGO) is a Top-Ranked Growth Stock: Should You Buy?

September 30, 2022 | GRVI Management (Ad)

Strong Fundamentals With Huge News

Multiple lucrative verticals and capturing growing markets.

September 27, 2022 | americanbankingnews.com

Analyzing SolarEdge Technologies (NASDAQ:SEDG) & Broadcom (NASDAQ:AVGO)

September 26, 2022 | stocknews.com

2 Monster Stocks You Shouldn’t Stop Buying in 2022

September 25, 2022 | finance.yahoo.com

Broadcom's (NASDAQ:AVGO) five-year total shareholder returns outpace the underlying earnings growth - Yahoo Finance

September 25, 2022 | finance.yahoo.com

Broadcom's (NASDAQ:AVGO) five-year total shareholder returns outpace the underlying earnings growth

September 22, 2022 | finance.yahoo.com

Global Multifactor Authentication Market Report (2022 to 2027) - Featuring Broadcom, Cisco, ESET and Micro Focus Among Others - Yahoo Finance

September 21, 2022 | finance.yahoo.com

Possible bearish signals as Broadcom Inc. (NASDAQ:AVGO) insiders disposed of US$29m worth of stock

September 20, 2022 | benzinga.com

Looking At Broadcom's Recent Whale Trades - Broadcom (NASDAQ:AVGO) - Benzinga

September 20, 2022 | americanbankingnews.com

Broadcom Inc. (NASDAQ:AVGO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

September 19, 2022 | nasdaq.com

Just Three Days Till Broadcom Inc. (NASDAQ:AVGO) Will Be Trading Ex-Dividend

September 18, 2022 | finance.yahoo.com

3 Monster Under-the-Radar Dividend Growth Stocks You Won't Want to Overlook

September 17, 2022 | finance.yahoo.com

Income Investors Should Know That Broadcom Inc. (NASDAQ:AVGO) Goes Ex-Dividend Soon

September 16, 2022 | finance.yahoo.com

Is Most-Watched Stock Broadcom Inc. (AVGO) Worth Betting on Now?

September 15, 2022 | seekingalpha.com

Is Broadcom Stock A Buy As Chip Sales Top Expectations? - Seeking Alpha

September 14, 2022 | stocknews.com

Don't Like NVIDIA? Try These 3 Tech Stocks Instead

September 14, 2022 | seekingalpha.com

Broadcom: Semiconductor Downturn And Its Delayed Effects (NASDAQ:AVGO) - Seeking Alpha

September 13, 2022 | msn.com

2AVGO : Looking At Broadcom's Recent Whale Trades

September 12, 2022 | seekingalpha.com

Broadcom Stock: Networking Segment Driving Double-Digit Revenue Growth (NASDAQ:AVGO) - Seeking Alpha

September 12, 2022 | seekingalpha.com

Favorable Odds On Broadcom's Acquisition Of VMware

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AVGO Company Calendar

Last Earnings: 9/01/2022
Ex-Dividend for 9/30 Dividend: 9/21/2022
Today: 9/30/2022
Dividend Payable: 9/30/2022
Fiscal Year End: 10/31/2022
Next Earnings (Estimated): 12/08/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Computer and Technology
Current Symbol: NASDAQ:AVGO
CUSIP: Y0486S10
CIK: 1730168
Web: www.broadcom.com
Phone: (408) 433-8000
Fax: N/A
Employees: 20,000
Year Founded: 1961

Price Target and Rating

Average Stock Price Forecast: $675.33
High Stock Price Forecast: $775.00
Low Stock Price Forecast: $615.00
Forecasted Upside/Downside: +52.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 24 Analysts

Profitability

EPS (Most Recent Fiscal Year): $23.12
Trailing P/E Ratio: 19.20
Forward P/E Ratio: 12.90
P/E Growth: 0.9
Net Income: $6.74 billion
Net Margins: 31.96%
Pretax Margin: 34.67%
Return on Equity: 63.42%
Return on Assets: 19.51%

Debt

Debt-to-Equity Ratio: 1.88
Current Ratio: 2.32
Quick Ratio: 2.05

Sales & Book Value

Annual Sales: $27.45 billion
Price / Sales: 6.55
Cash Flow: $39.93 per share
Price / Cash Flow: 11.12
Book Value: $51.54 per share
Price / Book: 8.61

Miscellaneous

Outstanding Shares: 405,001,000
Free Float: 395,686,000
Market Cap: $179.82 billion
Optionable: Optionable
Beta: 1.09

Social Links

Key Executives

Mr. Hock E. Tan (Age 70)
CEO, Pres & Exec. Director
Comp: $6.65M

Ms. Kirsten M. Spears (Age 58)
CFO & Chief Accounting Officer
Comp: $994.61k

Dr. Charlie B. Kawwas Ph.D. (Age 51)
Chief Operating Officer
Comp: $2.21M

Mr. Mark D. Brazeal (Age 54)
Chief Legal & Corp. Affairs Officer
Comp: $1.34M

Mr. Alan Davidson
Chief Information Officer

Ji Yoo
Director of Investor Relations

Mr. Frank Ostojic
Sr. VP & GM of ASIC Products Division

Mr. Greg Fischer
Sr. VP & GM of Broadband Carrier Access Products Division

Mr. Rich Nelson
Sr. VP & GM of Set-Top Box & Cable Modem Products Division

Mr. Ed Redmond
Sr. VP & GM of Compute & Connectivity Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVGO Stock - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?: 24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 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?: 24 equities research analysts have issued twelve-month target prices for Broadcom's stock. Their AVGO share price forecasts range from $615.00 to $775.00. On average, they anticipate the company's share price to reach $675.33 in the next year. This suggests a possible upside of 52.1% 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 shares have decreased by 33.3% and is now trading at $444.01.
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, December 8th 2022.
View our AVGO earnings forecast.
How were Broadcom's earnings last quarter?: Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings data on Thursday, September, 1st. The semiconductor manufacturer reported $9.07 EPS for the quarter, beating analysts' consensus estimates of $8.84 by $0.23. The semiconductor manufacturer earned $8.46 billion during the quarter, compared to analyst estimates of $8.41 billion. Broadcom had a net margin of 31.96% and a trailing twelve-month return on equity of 63.42%. The company's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the business posted $6.32 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, September 1st. Shareholders of record on Thursday, September 22nd will be given a dividend of $4.10 per share on Friday, September 30th. This represents a $16.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Wednesday, September 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 3.64%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 43.83% 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 initiated a share buyback plan on Thursday, May 26th 2022, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

What guidance has Broadcom issued on next quarter's earnings?: Broadcom issued an update on its fourth quarter 2022 earnings guidance on Thursday, September, 29th. 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 $8.73 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."
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 $444.01.
How much money does Broadcom make?: Broadcom (NASDAQ:AVGO) has a market capitalization of $179.82 billion and generates $27.45 billion in revenue each year. The semiconductor manufacturer earns $6.74 billion in net income (profit) each year or $23.12 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 9/30/2022 by MarketBeat.com Staff

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Broadcom - AVGO Stock Forecast, Price & News

Broadcom MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows