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Broadcom (AVGO) Stock Price, News & Analysis

$180.73
+5.65 (+3.23%)
(As of 10/8/2024 ET)

About Broadcom Stock (NASDAQ:AVGO)

Key Stats

Today's Range
$174.89
$181.60
50-Day Range
$136.27
$178.09
52-Week Range
$81.83
$185.16
Volume
20.75 million shs
Average Volume
31.06 million shs
Market Capitalization
$841.28 billion
P/E Ratio
7.77
Dividend Yield
1.17%
Price Target
$190.29
Consensus Rating
Buy

Company Overview

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. 

Broadcom Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

AVGO MarketRank™: 

Broadcom scored higher than 98% of companies evaluated by MarketBeat, and ranked 22nd out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Broadcom has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 24 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Broadcom has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Broadcom's stock forecast and price target.
  • Earnings Growth

    Earnings for Broadcom are expected to grow by 35.45% in the coming year, from $3.78 to $5.12 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Broadcom is 7.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Broadcom is 7.77, 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 227.60.

  • Price to Earnings Growth Ratio

    Broadcom has a PEG Ratio of 2.78. 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 12.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Broadcom's valuation and earnings.
  • Percentage of Shares Shorted

    1.20% of the outstanding shares of Broadcom have been sold short.
  • Short Interest Ratio / Days to Cover

    Broadcom has a short interest ratio ("days to cover") of 1.7, 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 1.66%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Broadcom pays a meaningful dividend of 1.23%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Broadcom has been increasing its dividend for 15 years.

  • Dividend Coverage

    The dividend payout ratio of Broadcom is 9.12%. 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 41.41% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

  • Read more about Broadcom's dividend.
  • Percentage of Shares Shorted

    1.20% of the outstanding shares of Broadcom have been sold short.
  • Short Interest Ratio / Days to Cover

    Broadcom has a short interest ratio ("days to cover") of 1.7, 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 1.66%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Broadcom has a news sentiment score of 0.69. 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 is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 53 news articles for Broadcom this week, compared to 32 articles on an average week.
  • Search Interest

    Only 307 people have searched for AVGO on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    134 people have added Broadcom to their MarketBeat watchlist in the last 30 days. This is an increase of 24% compared to the previous 30 days.
  • 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 $56,396,638.00 in company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of Broadcom is held by insiders.

  • Percentage Held by Institutions

    76.43% of the stock of Broadcom is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Broadcom's insider trading history.
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AVGO Stock News Headlines

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A strong jobs report and a temporary settlement of the port strike lifted stocks but inflation and earnings data could set investors up for more volatility
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Semiconductor stocks faced sharp declines in July as investors rotated into defensive areas due to expectations of a FED cut and the carry trade unwind fiasco.
Broadcom: ASP To The Rescue - Maintaining Buy
Broadcom Inc. (NASDAQ:AVGO) CEO Hock E. Tan Sells 20,000 Shares of Stock
See More Headlines

AVGO Stock Analysis - Frequently Asked Questions

Broadcom's stock was trading at $111.6250 on January 1st, 2024. Since then, AVGO shares have increased by 61.9% and is now trading at $180.73.
View the best growth stocks for 2024 here
.

Broadcom Inc. (NASDAQ:AVGO) issued its quarterly earnings data on Thursday, September, 5th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The firm's quarterly revenue was up 47.3% on a year-over-year basis.
Read the conference call transcript
.

Broadcom shares split on the morning of Monday, July 15th 2024. The 10-1 split was announced on Wednesday, June 12th 2024. The newly issued shares were distributed 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.

Broadcom subsidiaries include these companies: AppNeta, Bay Dynamics, NortonLifeLock, Camel Expeditionary, Brocade Communications Systems, MagnaCom, BroadLogic Network Technologies, and more.

Top institutional shareholders of Broadcom include Handelsbanken Fonder AB (0.06%), AMF Tjanstepension AB (0.02%), Czech National Bank (0.02%) and Artemis Investment Management LLP (0.01%). Insiders that own company stock include Hock E Tan, Charlie B Kawwas, Kirsten M Spears, Mark David Brazeal, Check Kian Low, Gayla J Delly, Justine Page, Diane M Bryant, Raul J Fernandez, Kenneth Hao and Thomas H Krause.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Broadcom investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Walt Disney (DIS), QUALCOMM (QCOM) and Intel (INTC).

Company Calendar

Last Earnings
9/05/2024
Ex-Dividend for 9/30 Dividend
9/19/2024
Dividend Payable
9/30/2024
Today
10/08/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
12/05/2024

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
$189.25
High Stock Price Target
$240.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+5.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
26 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
21.62%

Debt

Sales & Book Value

Annual Sales
$46.82 billion
Cash Flow
$4.56 per share
Book Value
$14.06 per share

Miscellaneous

Outstanding Shares
4,654,880,000
Free Float
456,178,000
Market Cap
$832.43 billion
Optionable
Optionable
Beta
1.17

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This page (NASDAQ:AVGO) was last updated on 10/8/2024 by MarketBeat.com Staff
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