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Broadcom (AVGO) Stock Price, News & Analysis

$1,802.52
-26.35 (-1.44%)
(As of 06/18/2024 ET)
Today's Range
$1,785.50
$1,851.62
50-Day Range
$1,204.71
$1,828.87
52-Week Range
$795.09
$1,851.62
Volume
8.66 million shs
Average Volume
3.01 million shs
Market Capitalization
$839.05 billion
P/E Ratio
77.53
Dividend Yield
1.17%
Price Target
$1,667.48

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
7.5% Downside
$1,667.48 Price Target
Short Interest
Healthy
1.21% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.48
Upright™ Environmental Score
News Sentiment
0.64mentions of Broadcom in the last 14 days
Based on 129 Articles This Week
Insider Trading
Selling Shares
$36.24 M Sold Last Quarter
Proj. Earnings Growth
32.06%
From $36.24 to $47.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Computer And Technology Sector

34th out of 585 stocks

Semiconductors & Related Devices Industry

5th out of 86 stocks

AVGO stock logo

About Broadcom Stock (NASDAQ:AVGO)

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 Stock Price History

AVGO Stock News Headlines

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Markets pulled back to end the week, but investors are climbing the wall of worry despite higher-for-longer interest rates and lingering recession concerns
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Broadcom Stock Soars 15.3% on Strong Q2 Results and Stock Split
Shares of Broadcom Inc. NASDAQ: AVGO soared 15.3% in the after-market hours of Wednesday evening. The reaction came after the company reported its second quarter 2024 financial results, which were better than expected, to say the least.
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Broadcom Stock Soars 15.3% on Strong Q2 Results and Stock Split (AVGO)
Broadcom stock is giving investors a new reason to sick with it, especially at its new 10 to 1 stock split prices along with double-digit growth
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Marvell Technology Data Center Revenues Surge, But the Rest Fall (AVGO)
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Dell Technologies Stock Gives Near-Term Pain for Long-Term Gain (AVGO)
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Broadcom (NASDAQ:AVGO) Sees Large Volume Increase
Broadcom: Downgrading After 200% Rally
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/20/2024
Dividend Payable
3/29/2024
Last Earnings
6/12/2024
Today
6/18/2024
Ex-Dividend for 6/28 Dividend
6/24/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/29/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:AVGO
CUSIP
Y0486S10
Fax
N/A
Employees
20,000
Year Founded
1961

Price Target and Rating

Average Stock Price Target
$1,667.48
High Stock Price Target
$2,050.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
28 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
25.55%

Debt

Sales & Book Value

Annual Sales
$42.62 billion
Cash Flow
$45.78 per share
Book Value
$51.24 per share

Miscellaneous

Free Float
456,178,000
Market Cap
$839.05 billion
Optionable
Optionable
Beta
1.17

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Should I Buy Broadcom Stock? AVGO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Broadcom:

  • Broadcom's stock price has shown consistent growth over the past year, indicating a positive trend for potential returns.
  • The company has a strong presence in the semiconductor industry, offering stability and growth opportunities in a high-demand sector.
  • Recent acquisitions by Broadcom have expanded its product portfolio and market reach, enhancing its competitive position.
  • Broadcom's focus on developing advanced semiconductor devices positions it well to capitalize on emerging technologies like 5G and IoT.
  • The company's partnerships with key industry players provide strategic advantages and potential for further growth.

Cons

Investors should be bearish about investing in Broadcom for these reasons:

  • Fluctuations in global semiconductor demand and supply chain disruptions could impact Broadcom's revenue and profitability.
  • Regulatory challenges in the semiconductor industry may pose risks to Broadcom's operations and market expansion.
  • Intense competition in the semiconductor market could pressure Broadcom's margins and market share.
  • Economic uncertainties and geopolitical tensions may affect Broadcom's international business operations and revenue streams.
  • Dependency on a few key customers for a significant portion of revenue could expose Broadcom to risks associated with customer concentration.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 11, 2024. Please send any questions or comments about these Broadcom pros and cons to contact@marketbeat.com.

AVGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Broadcom stock right now?

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

28 Wall Street research analysts have issued 12 month price objectives for Broadcom's shares. Their AVGO share price targets range from $44.00 to $2,050.00. On average, they predict the company's share price to reach $1,667.48 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts price targets for AVGO
or view top-rated stocks among Wall Street analysts.

How have AVGO shares performed in 2024?

Broadcom's stock was trading at $1,116.25 at the beginning of 2024. Since then, AVGO stock has increased by 61.5% and is now trading at $1,802.52.
View the best growth stocks for 2024 here
.

Are investors shorting Broadcom?

Broadcom saw a increase in short interest in May. As of May 31st, there was short interest totaling 5,650,000 shares, an increase of 7.8% from the May 15th total of 5,240,000 shares. Based on an average daily volume of 2,720,000 shares, the days-to-cover ratio is currently 2.1 days.
View Broadcom's Short Interest
.

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 29th 2024.
View our AVGO earnings forecast
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings results on Wednesday, June, 12th. The semiconductor manufacturer reported $10.96 EPS for the quarter, topping the consensus estimate of $10.79 by $0.18. The semiconductor manufacturer earned $12.49 billion during the quarter, compared to the consensus estimate of $12.06 billion. Broadcom had a net margin of 24.10% and a trailing twelve-month return on equity of 35.82%. The business's revenue was up 43.0% on a year-over-year basis. During the same period in the previous year, the business posted $9.51 earnings per share.
Read the conference call transcript
.

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

Broadcom announced a quarterly dividend on Wednesday, June 12th. Shareholders of record on Monday, June 24th will be paid a dividend of $5.25 per share on Friday, June 28th. This represents a $21.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, June 24th.
Read our dividend analysis for AVGO
.

Is Broadcom a good dividend stock?

Broadcom (NASDAQ:AVGO) pays an annual dividend of $21.00 per share and currently has a dividend yield of 1.21%. 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 90.32%. 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 43.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.

When did Broadcom's stock split?

Broadcom's stock split before market open on Monday, July 15th 2024. The 10-1 split was announced on Wednesday, June 12th 2024. The newly minted shares will be payable to shareholders after the market closes on Friday, July 12th 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

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

Broadcom updated its FY 2024 earnings guidance on Wednesday, June, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $51.0 billion-$51.0 billion, compared to the consensus revenue estimate of $50.4 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).

Who are Broadcom's major shareholders?

Broadcom's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.64%), Capital World Investors (5.60%), Capital International Investors (4.53%), Capital Research Global Investors (3.76%), Jennison Associates LLC (0.89%) and Bank of New York Mellon Corp (0.85%). 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:AVGO) was last updated on 6/19/2024 by MarketBeat.com Staff

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