Broadcom (AVGO) Stock Price, News & Analysis

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVGO shares.
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22 brokerages have issued twelve-month target prices for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,720.00. On average, they anticipate the company's stock price to reach $1,255.18 in the next year. This suggests that the stock has a possible downside of 4.2%.
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Broadcom's stock was trading at $1,116.25 on January 1st, 2024. Since then, AVGO stock has increased by 17.4% and is now trading at $1,310.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, March, 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, topping analysts' consensus estimates of $8.95 by $2.04. The semiconductor manufacturer earned $11.96 billion during the quarter, compared to analysts' expectations of $11.79 billion. Broadcom had a net margin of 29.93% and a trailing twelve-month return on equity of 47.71%. The business's revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the business earned $9.83 earnings per share.
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Broadcom announced a quarterly dividend on Wednesday, March 6th. Investors of record on Thursday, March 21st will be paid a dividend of $5.25 per share on Friday, March 29th. This represents a $21.00 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for AVGO.

Broadcom (NASDAQ:AVGO) pays an annual dividend of $21.00 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVGO will have a dividend payout ratio of 45.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Pacer Data and Digital Revolution ETF (TRFK), BMO REX MicroSectors FANG Index 3X Leveraged ETN (FNGU), First Trust Nasdaq Semiconductor ETF (FTXL), Invesco PHLX Semiconductor ETF (SOXQ), ProShares Ultra Semiconductors (USD), First Trust NASDAQ Technology Dividend Index Fund (TDIV), iShares Semiconductor ETF (SOXX) and iShares U.S. Tech Independence Focused ETF (IETC).

Broadcom announced that its board has initiated a stock repurchase plan on Thursday, May 26th 2022, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Broadcom issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $50.0 billion-$50.0 billion, compared to the consensus revenue estimate of $50.2 billion.

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.

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).

Broadcom's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), Sarasin & Partners LLP (0.04%), Guinness Asset Management LTD (0.04%), Gateway Investment Advisers LLC (0.02%), Factory Mutual Insurance Co. (0.02%) and Ferguson Wellman Capital Management Inc. (0.02%). Insiders that own company stock include Charlie B Kawwas, Check Kian Low, Diane M Bryant, Eddy W Hartenstein, Eddy W Hartenstein, Gayla J Delly, Harry L You, Hock E Tan, Justine Lien, Justine Page, Kenneth Hao, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez and Thomas H Krause.
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Shares of AVGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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