Broadcom Stock Forecast, Price & News

Broadcom's stock was trading at $245.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AVGO shares have increased by 89.1% and is now trading at $465.02.
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28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 5 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Broadcom stock.
View analyst ratings for Broadcom or view MarketBeat's top 5 stock picks.

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1,448 employees have rated Broadcom CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Broadcom's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Broadcom is scheduled to release its next quarterly earnings announcement on Thursday, March 11th 2021.
View our earnings forecast for Broadcom.

Broadcom Inc. (NASDAQ:AVGO) released its quarterly earnings data on Wednesday, December, 9th. The semiconductor manufacturer reported $6.35 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $6.25 by $0.10. The semiconductor manufacturer earned $6.47 billion during the quarter, compared to the consensus estimate of $6.43 billion. Broadcom had a return on equity of 35.23% and a net margin of 12.39%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.39 earnings per share.
View Broadcom's earnings history.

Broadcom declared a quarterly dividend on Thursday, December 10th. Stockholders of record on Monday, December 21st will be paid a dividend of $3.60 per share on Thursday, December 31st. This represents a $14.40 dividend on an annualized basis and a yield of 3.10%. 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.

Broadcom pays an annual dividend of $14.40 per share and currently has a dividend yield of 3.08%. 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.

Broadcom updated its first quarter 2021 After-Hours earnings guidance on Thursday, December, 10th. The company provided earnings per share 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.

28 brokerages have issued 12 month price targets for Broadcom's shares. Their forecasts range from $215.00 to $480.00. On average, they expect Broadcom's stock price to reach $420.04 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
View analysts' price targets for Broadcom or view Wall Street analyst' top-rated stocks.

Some companies that are related to Broadcom include NVIDIA (NVDA), Intel (INTC), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), SunPower (SPWR) and Silicon Laboratories (SLAB).
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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), The Walt Disney (DIS), QUALCOMM (QCOM), Intel (INTC), salesforce.com (CRM), AbbVie (ABBV) and Cisco Systems (CSCO).

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

Broadcom's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sarasin & Partners LLP (0.11%), Gateway Investment Advisers LLC (0.04%), Donaldson Capital Management LLC (0.03%), Gofen & Glossberg LLC IL (0.03%), RNC Capital Management LLC (0.03%) and Candriam Luxembourg S.C.A. (0.03%). 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.

AVGO stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Sarasin & Partners LLP, Candriam Luxembourg S.C.A., Transform Wealth LLC, Pacer Advisors Inc., Bainco International Investors, Gateway Investment Advisers LLC, and British Airways Pensions Investment Management Ltd. 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.

AVGO stock was acquired by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Kestra Advisory Services LLC, Pendal Group Limited, Highland Capital Management LLC, Benson Investment Management Company Inc., Oak Harvest Investment Services, IFM Investors Pty Ltd, and Clarius Group LLC. 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.

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.

One share of AVGO stock can currently be purchased for approximately $465.02.

Broadcom has a market capitalization of $189.13 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. Broadcom employs 21,000 workers across the globe.

The official website for Broadcom is www.broadcom.com.

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]