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

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$318.62 -1.91 (-0.60 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$320.53
Today's Range$318.16 - $322.4458
52-Week Range$197.46 - $322.45
Volume2.63 million shs
Average Volume2.89 million shs
Market Capitalization$126.12 billion
P/E Ratio16.92
Dividend Yield3.31%
Beta0.68
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 specific standard 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 and switches; read channel based SoCs; custom flash controllers; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. The company's 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 headquartered 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$30.5192 per share
Book Value$64.47 per share

Profitability

Net Income$12.26 billion

Miscellaneous

Employees15,000
Market Cap$126.12 billion
Next Earnings Date6/6/2019 (Estimated)
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 announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Thursday, March 21st will be given a dividend of $2.65 per share on Friday, March 29th. This represents a $10.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, March 20th. 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 repurchase $12,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

How were Broadcom's earnings last quarter?

Broadcom Inc (NASDAQ:AVGO) issued its earnings results on Thursday, March, 14th. The semiconductor manufacturer reported $5.55 earnings per share for the quarter, beating analysts' consensus estimates of $4.32 by $1.23. The semiconductor manufacturer earned $5.79 billion during the quarter, compared to analyst estimates of $5.83 billion. Broadcom had a return on equity of 30.31% and a net margin of 30.50%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.12 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, June 6th 2019. View Earnings Estimates for Broadcom.

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

Broadcom issued an update on its FY 2019 earnings guidance on Thursday, March, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $24.5-24.5 billion, compared to the consensus revenue estimate of $24.31 billion.

What price target have analysts set for AVGO?

37 analysts have issued 1 year price targets for Broadcom's stock. Their predictions range from $220.00 to $365.00. On average, they expect Broadcom's share price to reach $303.6667 in the next twelve months. This suggests that the stock has a possible downside of 4.7%. 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 8 hold ratings and 29 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 reported mixed first-quarter fiscal 2019 results. Wherein the bottom line surpassed the Zacks Consensus Estimate but the top line missed the same. 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. Nonetheless, 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. Further, Broadcom is a leading player in the semiconductor market based on its multiple target markets, accretive acquisitions and strong cash flow." (3/19/2019)
  • 2. Rosenblatt Securities analysts commented, "We rate AVGO a Buy and maintain our $350 price target. Solid overall January quarter results and the reiteration of FY19 sales of $24.5 billion demonstrates the company’s superior business model able to withstand industry gyrations and uncertainty. Investors may take pause on declining gross margins for the rest of the year, but we would position as mix related on conservatism on the CA part of the business. Relatively strong semiconductor business trends are being driven by networking data center Tomahawk3 switches (offsetting industry compute and storage inventory issues) and stabilization in wired/broadband. Wireless is viewed as having a strong back half of the year on strong dollar content expansion (FBAR content and reclaiming a lost socket from last year)." (3/15/2019)
  • 3. 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?

Media headlines about AVGO stock have been trending positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Broadcom earned a daily sentiment score of 2.7 on InfoTrie's scale. They also assigned media headlines about the semiconductor manufacturer a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days.

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), Intel (INTC), Adobe (ADBE), Skyworks Solutions (SWKS), Walt Disney (DIS), salesforce.com (CRM) and Applied Materials (AMAT).

Who are Broadcom's key executives?

Broadcom's management team includes the folowing people:
  • Mr. Hock E. Tan, CEO, Pres & Exec. Director (Age 67)
  • Mr. Thomas H. Krause Jr., CFO & Sec. (Age 41)
  • Mr. Mark D. Brazeal, Chief Legal Officer (Age 51)
  • Dr. Charlie B. Kawwas, Sr. VP & Chief Sales Officer (Age 48)
  • Mr. Bryan T. Ingram, Sr. VP & GM of Wireless Semiconductor Division (Age 54)

Who are Broadcom's major shareholders?

Broadcom's stock is owned by many different of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.09%), Strs Ohio (0.09%), KAMES CAPITAL plc (0.07%), Factory Mutual Insurance Co. (0.07%), Hexavest Inc. (0.04%) and Gateway Investment Advisers LLC (0.03%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lake Group LLC Silver, Lewis C Eggebrecht 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 Strs Ohio, Factory Mutual Insurance Co., Gradient Investments LLC, KAMES CAPITAL plc, Calamos Wealth Management LLC, Union Bankshares Corp, Town & Country Bank & Trust CO dba First Bankers Trust CO and State of Alaska Department of Revenue. 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 major investors are buying Broadcom stock?

AVGO stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Pennsylvania Trust Co, Gateway Investment Advisers LLC, Pacer Advisors Inc., Ledyard National Bank, LVM Capital Management Ltd. MI, Pennsylvania Trust Co and Manning & Napier Group LLC. 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 $318.62.

How big of a company is Broadcom?

Broadcom has a market capitalization of $126.12 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:  2,058 (Vote Outperform)
Underperform Votes:  723 (Vote Underperform)
Total Votes:  2,781
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 4/20/2019 by MarketBeat.com Staff

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