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NASDAQ:AVGO

Broadcom (AVGO) Stock Forecast, Price & News

$829.76

-13.14 (-1.56%)

(As of 08/11/2023 08:47 PM ET)

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Today's Range: $823.48
▼
$836.40
50-Day Range: $790.00
▼
$920.00
52-Week Range: $415.07
▼
$923.18

Volume: 2.03 million shs
Average Volume: 2.51 million shs
Market Capitalization: $342.43 billion

P/E Ratio: 25.99
Dividend Yield: 2.22%
Price Target: $804.05

Broadcom MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.76 Rating Score
Upside/Downside: 3.1% Downside
$804.05 Price Target
Short Interest: Healthy
1.43% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.22
Upright™ Environmental Score
News Sentiment: 0.52
Based on 10 Articles This Week
Insider Trading: Selling Shares
$6.11 M Sold Last Quarter
Proj. Earnings Growth: 7.63%
From $38.25 to $41.17 Per Share

Overall MarketRank^™

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

2.42 out of 5 stars

Computer And Technology Sector

184th out of 607 stocks

Semiconductors & Related Devices Industry

32nd out of 85 stocks

1.4

Analyst's Opinion

Consensus Rating
Broadcom has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 13 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $804.05, Broadcom has a forecasted downside of 3.1% from its current price of $829.76.
Amount of Analyst Coverage
Broadcom has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.43% 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 1.9, 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 14.97%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
Broadcom pays a meaningful dividend of 2.22%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Broadcom has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Broadcom is 57.63%. 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 44.69% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Broadcom has received a 40.37% 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 "Wireless access points", "Network switches", "Data center services", and "Modems" products. See details.
Environmental Sustainability
The Environmental Impact score for Broadcom is -1.22.

2.0

News and Social Media Coverage

News Sentiment
Broadcom has a news sentiment score of 0.52. 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 10 news articles for Broadcom this week, compared to 10 articles on an average week.
Search Interest
134 people have searched for AVGO on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
MarketBeat Follows
Only 49 people have added Broadcom to their MarketBeat watchlist in the last 30 days. This is a decrease of -4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Broadcom insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,105,108.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Broadcom is held by insiders.
Percentage Held by Institutions
88.58% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Broadcom are expected to grow by 7.63% in the coming year, from $38.25 to $41.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Broadcom is 25.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Broadcom is 25.99, 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 264.98.
Price to Earnings Growth Ratio
Broadcom has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Broadcom has a P/B Ratio of 15.27. 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. is a technology company with a global presence specializing in designing and developing semiconductor and infrastructure software solutions. The company was founded in 1961 as a semiconductor company and has since become a leading player in the tech industry. Broadcom has established itself as a force in the market with a strong focus on innovation and customer satisfaction.

Broadcom's product portfolio includes various semiconductor solutions for wired and wireless communications, enterprise storage and industrial markets. The company also offers infrastructure software solutions, including network switches, network processors and storage controllers. With such a diverse range of products and solutions, Broadcom has become a one-stop shop for companies needing cutting-edge technology solutions.

One of the key strengths of Broadcom is that it has a commitment to innovation. The company is heavily invested in research and development to stay ahead of the curve in the fast-paced tech industry. Broadcom's innovations have been instrumental in developing new products and services across various sectors, from healthcare to automotive to telecommunications.

Broadcom has also been very successful in expanding its customer base. The company's products and solutions are used by some of the world's leading companies, including Apple, Cisco and Samsung. This diverse customer base has helped insulate Broadcom from any particular industry's fluctuations.

The company has seen strong financial performance in recent years, with revenue and earnings growth driven by its expanding product portfolio and innovative solutions.

Despite its impressive financial performance, Broadcom faces several challenges in the competitive tech industry. One of the biggest challenges is the ongoing trade dispute between the US and China, which has increased tariffs on many of Broadcom's products. The company has also faced scrutiny over its business practices, particularly its acquisition strategy.

Broadcom's acquisition strategy has been controversial, with some critics accusing the company of engaging in anti-competitive behavior. Broadcom has defended its strategy, arguing that the company must remain competitive in the tech industry. The company has also pledged to continue investing in research and development to ensure that it can continue to provide customers with innovative solutions.

Broadcom is well-positioned for long-term success in the tech industry. The company's commitment to innovation and customer satisfaction, combined with its strong financial performance, could make it an investment opportunity for those looking to invest in the tech sector.

Broadcom Inc. is a global technology company that designs and develops semiconductor and infrastructure software solutions. Broadcom has become a leading player in the tech industry with a strong focus on innovation and customer satisfaction. The company remains positioned for long-term growth and success despite facing challenges like the ongoing trade dispute between the US and China.

AVGO Price History

30 days | 90 days | 365 days | Advanced Chart

AVGO Stock News Headlines

July 15, 2023 | marketbeat.com

MarketBeat Week in Review – 7/10 - 7/14 (AVGO)

As inflation moderates, Investors are optimistic for the second quarter earnings season and that optimism is evident in some of the top stories from this week

July 14, 2023 | marketbeat.com

Broadcom Emerges As Strong Contender For Generative AI Chips

As the AI boom drives data centers to rely on massive chip communication, Broadcom is challenging Nvidia's dominance in GPUs for data center connectivity.

August 14, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

August 11, 2023 | msn.com

Apple, Broadcom may have reached 'potential settlement' in CalTech patent case

August 11, 2023 | americanbankingnews.com

Brokerages Set Broadcom Inc. (NASDAQ:AVGO) PT at $804.05

August 10, 2023 | msn.com

Stock Split Watch: Is Broadcom Next?

August 9, 2023 | benzinga.com

What's Going On With Broadcom (AVGO) Shares

August 9, 2023 | finance.yahoo.com

Is Broadcom (AVGO) Modestly Overvalued? A Comprehensive Valuation Analysis

August 14, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

August 3, 2023 | investing.com

Broadcom Inc DRC (AVGO)

July 31, 2023 | benzinga.com

Here's How Much You Would Have Made Owning Broadcom Stock In The Last 10 Years

July 31, 2023 | finance.yahoo.com

AVGO Jul 2023 842.500 put

July 31, 2023 | finance.yahoo.com

Broadcom Inc. to Announce Third Quarter Fiscal Year 2023 Financial Results on Thursday, August 31, 2023

July 29, 2023 | finance.yahoo.com

Is Broadcom (AVGO) a Smart Long-Term Buy?

July 27, 2023 | finance.yahoo.com

Broadcom Delivers Industry-Leading Cloud Technology To Enterprise Data Centers

July 24, 2023 | finance.yahoo.com

Investors in Broadcom (NASDAQ:AVGO) have seen incredible returns of 374% over the past five years

July 21, 2023 | msn.com

How AI Chip Growth Is Pushing Broadcom, Stock Of The Day, Toward A Buy Point

July 21, 2023 | seekingalpha.com

Broadcom: The Gift That Keeps On Giving (And Giving And Giving)

July 20, 2023 | msn.com

Broadcom: Short-Term Pain, Long-Term Gem

July 20, 2023 | msn.com

Here's How Much a $1000 Investment in Broadcom Inc. Made 10 Years Ago Would Be Worth Today

July 20, 2023 | reuters.com

Broadcom's $69 bln VMware deal wins provisional UK clearance

July 19, 2023 | msn.com

Broadcom Down Fractionally as VMWare Takeover May Succeed

July 19, 2023 | msn.com

VMware Stock Jumps as U.K. Provisionally Clears Broadcom Deal. Next Up the FTC.

July 19, 2023 | seekingalpha.com

Broadcom's acquisition of VMware gets provisional clearance in UK

July 18, 2023 | seekingalpha.com

Broadcom: Buy And Never Sell

July 15, 2023 | finance.yahoo.com

Possible Bearish Signals With Broadcom Insiders Disposing Stock

July 14, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Broadcom

See More Headlines

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AVGO Company Calendar

Last Earnings: 6/01/2023
Ex-Dividend for 6/30 Dividend: 6/21/2023
Dividend Payable: 6/30/2023
Today: 8/13/2023
Next Earnings (Confirmed): 8/31/2023
Fiscal Year End: 10/31/2023

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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: $804.05
High Stock Price Forecast: $1,050.00
Low Stock Price Forecast: $555.00
Forecasted Upside/Downside: -3.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.76
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $31.93
Trailing P/E Ratio: 25.99
Forward P/E Ratio: 21.69
P/E Growth: 1.6
Net Income: $11.50 billion
Net Margins: 39.06%
Pretax Margin: 41.42%
Return on Equity: 74.58%
Return on Assets: 22.92%

Debt

Debt-to-Equity Ratio: 1.74
Current Ratio: 2.38
Quick Ratio: 2.13

Sales & Book Value

Annual Sales: $33.20 billion
Price / Sales: 10.31
Cash Flow: $48.58 per share
Price / Cash Flow: 17.08
Book Value: $54.34 per share
Price / Book: 15.27

Miscellaneous

Outstanding Shares: 412,680,000
Free Float: 403,606,000
Market Cap: $342.43 billion
Optionable: Optionable
Beta: 1.10

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Key Executives

Mr. Hock E. Tan (Age 71)
Pres, CEO, & Exec. Director
Comp: $6.69M

Ms. Kirsten M. Spears (Age 59)
CFO & Chief Accounting Officer
Comp: $1.06M

Mr. Mark D. Brazeal (Age 55)
Chief Legal & Corp. Affairs Officer
Comp: $1.41M

Dr. Charlie B. Kawwas Ph.D. (Age 52)
Pres of Semiconductor Solutions
Comp: $2.31M

Mr. Alan Davidson
Chief Information Officer

Ji Yoo
Director of Investor Relations

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

Mr. Greg Lotko
Sr. VP & GM of Mainframe Software Division

Mr. Jack Rondoni
Sr. VP & GM of Brocade Storage Networking Division

Dr. Youngwoo Kwon Ph.D.
Sr. VP & GM of Wireless Semiconductor 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?: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVGO shares.
View AVGO analyst ratings or view top-rated stocks.
What is Broadcom's stock price forecast for 2023?: 17 analysts have issued 12-month target prices for Broadcom's shares. Their AVGO share price forecasts range from $555.00 to $1,050.00. On average, they predict the company's stock price to reach $804.05 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.
How have AVGO shares performed in 2023?: Broadcom's stock was trading at $559.13 at the beginning of the year. Since then, AVGO shares have increased by 48.4% and is now trading at $829.76.
View the best growth stocks for 2023 here.
When is Broadcom's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 31st 2023.
View our AVGO earnings forecast.
How can I listen to Broadcom's earnings call?: Broadcom will be holding an earnings conference call on Thursday, August 31st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Broadcom's earnings last quarter?: Broadcom Inc. (NASDAQ:AVGO) posted its earnings results on Thursday, June, 1st. The semiconductor manufacturer reported $10.32 EPS for the quarter, beating the consensus estimate of $10.12 by $0.20. The semiconductor manufacturer had revenue of $8.73 billion for the quarter, compared to analyst estimates of $8.70 billion. Broadcom had a trailing twelve-month return on equity of 74.58% and a net margin of 39.06%. Broadcom's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $8.39 earnings per share.
Read the conference call transcript.
How often does Broadcom pay dividends? What is the dividend yield for Broadcom?: Broadcom declared a quarterly dividend on Wednesday, May 31st. Shareholders of record on Thursday, June 22nd will be given a dividend of $4.60 per share on Friday, June 30th. This represents a $18.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 21st.
Read our dividend analysis for AVGO.
What ETFs hold Broadcom's stock?: ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Pacer Data and Digital Revolution ETF (TRFK), First Trust Nasdaq Semiconductor ETF (FTXL), Strive U.S. Semiconductor ETF (SHOC), First Trust NASDAQ Technology Dividend Index Fund (TDIV), Invesco PHLX Semiconductor ETF (SOXQ), iShares Semiconductor ETF (SOXX), ProShares Ultra Semiconductors (USD) and iShares U.S. Tech Independence Focused ETF (IETC).
Is Broadcom a good dividend stock?: Broadcom (NASDAQ:AVGO) pays an annual dividend of $18.40 per share and currently has a dividend yield of 2.22%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 44.69% 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 has authorized a stock buyback plan on Thursday, May 26th 2022, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

What guidance has Broadcom issued on next quarter's earnings?: Broadcom updated its third quarter 2023 earnings guidance on Sunday, June, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $8.85 billion-$8.85 billion, compared to the consensus revenue estimate of $8.72 billion.
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."
Who are Broadcom's major shareholders?: Broadcom's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (57.37%), BlackRock Inc. (7.68%), Capital World Investors (6.74%), Capital International Investors (5.55%), Capital Research Global Investors (4.65%) and Geode Capital Management LLC (2.08%). Insiders that own company stock include Charlie B Kawwas, Charlie B Kawwas, Diane M Bryant, Eddy W Hartenstein, Eddy W Hartenstein, Gayla J Delly, Harry L You, Henry Samueli, Hock E Tan, Hock E Tan, Justine Lien, Justine Page, Kirsten M Spears, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez, Raul J Fernandez, Thomas H Krause and Thomas H Krause.
View institutional ownership trends.
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 $829.76.
How much money does Broadcom make?: Broadcom (NASDAQ:AVGO) has a market capitalization of $342.43 billion and generates $33.20 billion in revenue each year. The semiconductor manufacturer earns $11.50 billion in net income (profit) each year or $31.93 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 8/14/2023 by MarketBeat.com Staff

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