Broadcom (AVGO) Stock Price, News & Analysis

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AVGO shares.
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21 brokerages have issued 12-month target prices for Broadcom's shares. Their AVGO share price targets range from $44.00 to $1,325.00. On average, they expect the company's stock price to reach $981.45 in the next year. This suggests that the stock has a possible downside of 23.0%.
View analysts price targets for AVGO or view top-rated stocks among Wall Street analysts.

Broadcom's stock was trading at $1,116.25 at the beginning of the year. Since then, AVGO stock has increased by 14.2% and is now trading at $1,274.76.
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Broadcom saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,040,000 shares, a drop of 17.5% from the December 31st total of 6,110,000 shares. Based on an average daily trading volume, of 3,300,000 shares, the short-interest ratio is presently 1.5 days.
View Broadcom's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our AVGO earnings forecast.

Broadcom Inc. (NASDAQ:AVGO) released its earnings results on Thursday, December, 7th. The semiconductor manufacturer reported $11.06 earnings per share for the quarter, beating analysts' consensus estimates of $10.96 by $0.10. The semiconductor manufacturer earned $9.30 billion during the quarter, compared to the consensus estimate of $9.28 billion. Broadcom had a net margin of 39.31% and a trailing twelve-month return on equity of 73.43%. Broadcom's revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $9.75 earnings per share.
Read the conference call transcript.

Broadcom declared a quarterly dividend on Thursday, December 7th. Investors of record on Wednesday, December 20th will be paid a dividend of $5.25 per share on Friday, December 29th. This represents a $21.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, December 19th. This is an increase from the stock's previous quarterly dividend of $4.60.
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 1.72%. 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 63.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVGO will have a dividend payout ratio of 40.92% 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), 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).

Broadcom announced that its Board of Directors has initiated a share buyback program on Thursday, May 26th 2022, which permits the company to repurchase $10,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Broadcom updated its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $50.0 billion-$50.0 billion, compared to the consensus revenue estimate of $50.3 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 Charles Schwab Investment Management Inc. (1.12%), International Assets Investment Management LLC (0.71%), Jennison Associates LLC (0.61%), Fisher Asset Management LLC (0.46%), Dimensional Fund Advisors LP (0.45%) and California Public Employees Retirement System (0.31%). Insiders that own company stock include Charlie B Kawwas, Charlie B Kawwas, Check Kian Low, Diane M Bryant, Eddy W Hartenstein, Eddy W Hartenstein, Gayla J Delly, Harry L You, Harry L You, Hock E Tan, Justine Lien, Justine Page, Kirsten M Spears, Kirsten M Spears, Mark David Brazeal, Raul J Fernandez 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.
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