NASDAQ:AVGO - Broadcom Stock Price, News, & Analysis

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$280.94 -0.56 (-0.20 %)
(As of 02/15/2019 02:37 PM ET)
Previous Close$281.50
Today's Range$278.90 - $283.86
52-Week Range$197.46 - $282.84
Volume45,415 shs
Average Volume2.58 million shs
Market Capitalization$114.42 billion
P/E Ratio14.91
Dividend Yield3.77%
Beta0.72
Broadcom Inc. designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides 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; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. 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. is based in San Jose, California.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:AVGO
CUSIPY0486S10
Phone408-433-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$20.85 billion
Cash Flow$30.2411 per share
Book Value$64.47 per share

Profitability

Net Income$12.26 billion

Miscellaneous

Employees15,000
Market Cap$114.42 billion
OptionableOptionable

Broadcom (NASDAQ:AVGO) Frequently Asked Questions

What is Broadcom's stock symbol?

Broadcom trades on the NASDAQ under the ticker symbol "AVGO."

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

Broadcom declared a quarterly dividend on Thursday, December 6th. Investors of record on Wednesday, December 19th will be given a dividend of $2.65 per share on Friday, December 28th. This represents a $10.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, December 18th. This is a positive change from Broadcom's previous quarterly dividend of $1.75. View Broadcom's Dividend History.

How will Broadcom's stock buyback program work?

Broadcom announced that its Board of Directors has authorized a share buyback plan on Thursday, April 12th 2018, which permits the company to buyback $12,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, December, 6th. The semiconductor manufacturer reported $5.85 earnings per share for the quarter, beating analysts' consensus estimates of $5.58 by $0.27. The semiconductor manufacturer earned $5.45 billion during the quarter, compared to analysts' expectations of $5.40 billion. Broadcom had a return on equity of 29.03% and a net margin of 58.80%. Broadcom's revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $4.59 EPS. View Broadcom's Earnings History.

When is Broadcom's next earnings date?

Broadcom is scheduled to release their next quarterly earnings announcement on Thursday, March 14th 2019. View Earnings Estimates for Broadcom.

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

Broadcom updated its FY 2019 earnings guidance on Thursday, December, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $24.5-24.5 billion, compared to the consensus revenue estimate of $22.4 billion.

What price target have analysts set for AVGO?

37 Wall Street analysts have issued 1 year price objectives for Broadcom's stock. Their forecasts range from $220.00 to $335.00. On average, they anticipate Broadcom's stock price to reach $289.9688 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price. View Analyst Price Targets for Broadcom.

What is the consensus analysts' recommendation for Broadcom?

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 30 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Broadcom.

What are Wall Street analysts saying about Broadcom stock?

Here are some recent quotes from research analysts about Broadcom stock:
  • 1. According to Zacks Investment Research, "Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices. The company is benefiting from strong demand of its wireless solutions and expanding product portfolio, which makes it well-positioned to address the needs of rapidly growing technologies like IoT and 5G. Strong ties with leading OEMs across multiple target markets will help the company to gain key insights into the requirements of customers. Nonetheless, shares of Broadcom have underperformed the industry in the past one year. The company faces intensifying competition and integration risks due to frequent acquisitions. The company’s leveraged balance sheet and customer concentration continue to be headwinds. " (12/5/2018)
  • 2. Mizuho analysts commented, "We believe multiple tailwinds into 2019-20 with the CA acquisition mostly behind, AI ASICs, regaining RF share, 5G ramps with wireless/Networking, strong FCF and dividend growth positions AVGO well. AVGO provides an attractive opportunity given a dominant market share, ~$6B in buybacks remaining, $8B+ of ~3%+ dividend yield. Reiterating our Buy and raising PT to $295. The shares trade at a conservative ~ 11x F19E EPS." (10/5/2018)

Has Broadcom been receiving favorable news coverage?

News coverage about AVGO stock has trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Broadcom earned a news impact score of 1.1 on InfoTrie's scale. They also gave news articles about the semiconductor manufacturer a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the near term.

Are investors shorting Broadcom?

Broadcom saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,848,721 shares, a decline of 20.3% from the January 15th total of 8,589,975 shares. Based on an average daily volume of 3,077,327 shares, the short-interest ratio is presently 2.2 days. Currently, 1.7% of the shares of the company are short sold. View Broadcom's Current Options Chain.

Who are some of Broadcom's key competitors?

Who are Broadcom's key executives?

Broadcom's management team includes the folowing people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 66)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 40)
  • Mr. Mark Brazeal, Chief Legal Officer (Age 50)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 47)
  • Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 53)

Who are Broadcom's major shareholders?

Broadcom's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.31%), Oregon Public Employees Retirement Fund (2.93%), Geode Capital Management LLC (1.26%), Northern Trust Corp (1.19%), Bank of New York Mellon Corp (0.95%) and Jennison Associates LLC (0.81%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lake (Offshore) Aiv Gp Silver, Lake Group LLC Silver, Lewis C Eggebrecht, Patricia H Mccall 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 Hardman Johnston Global Advisors LLC, Mackenzie Financial Corp, Standard Life Aberdeen plc, Investec Asset Management LTD, BlackRock Inc., Prudential PLC, Valinor Management L.P. and Samlyn Capital LLC. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lewis C Eggebrecht and Thomas H Krause. View Insider Buying and Selling for Broadcom.

Which institutional investors are buying Broadcom stock?

AVGO stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Thornburg Investment Management Inc., Westfield Capital Management Co. LP, Amundi Pioneer Asset Management Inc., Royal London Asset Management Ltd., Cornerstone Investment Partners LLC, Lord Abbett & CO. LLC and Paloma Partners Management Co. View Insider Buying and Selling for Broadcom.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Broadcom's stock price today?

One share of AVGO stock can currently be purchased for approximately $280.19.

How big of a company is Broadcom?

Broadcom has a market capitalization of $114.11 billion and generates $20.85 billion in revenue each year. The semiconductor manufacturer earns $12.26 billion in net income (profit) each year or $18.83 on an earnings per share basis. Broadcom employs 15,000 workers across the globe.

What is Broadcom's official website?

The official website for Broadcom is http://www.broadcom.com.

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]


MarketBeat Community Rating for Broadcom (NASDAQ AVGO)

Community Ranking:  3.7 out of 5 (star star star)
Outperform Votes:  2,031 (Vote Outperform)
Underperform Votes:  706 (Vote Underperform)
Total Votes:  2,737
MarketBeat's community ratings are surveys of what our community members think about Broadcom and other stocks. Vote "Outperform" if you believe AVGO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVGO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/15/2019 by MarketBeat.com Staff

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