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Broadcom (AVGO) Stock Price, News & Analysis

$137.00
-15.82 (-10.35%)
(As of 09/6/2024 ET)
Today's Range
$136.60
$143.50
50-Day Range
$136.27
$1,700.67
52-Week Range
$79.51
$185.16
Volume
76.63 million shs
Average Volume
31.35 million shs
Market Capitalization
$637.70 billion
P/E Ratio
5.89
Dividend Yield
1.53%
Price Target
$189.38

Broadcom MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.96 Rating Score
Upside/​Downside
38.2% Upside
$189.38 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.45
Upright™ Environmental Score
News Sentiment
0.28mentions of Broadcom in the last 14 days
Based on 77 Articles This Week
Insider Trading
Selling Shares
$13.24 M Sold Last Quarter
Proj. Earnings Growth
31.02%
From $3.74 to $4.90 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.

5.00 out of 5 stars

Computer And Technology Sector

2nd out of 594 stocks

Semiconductors & Related Devices Industry

2nd out of 85 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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Should You Buy Broadcom Stock on the Dip?
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Why Broadcom (AVGO) Shares Are Trading Lower Today
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Broadcom (NASDAQ:AVGO) Receives Overweight Rating from Cantor Fitzgerald
Broadcom (NASDAQ:AVGO) Receives "Buy" Rating from Benchmark
Broadcom (NASDAQ:AVGO) Price Target Raised to $180.00 at Morgan Stanley
Broadcom (NASDAQ:AVGO) Stock Price Down 9.1% After Analyst Downgrade
Why Broadcom Stock Slumped Today
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/24/2024
Dividend Payable
6/28/2024
Last Earnings
9/05/2024
Today
9/07/2024
Ex-Dividend for 9/30 Dividend
9/19/2024
Dividend Payable
9/30/2024
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
$189.38
High Stock Price Target
$240.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+38.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.96
Research Coverage
25 Analysts

Profitability

Net Income
$14.08 billion
Pretax Margin
25.55%

Debt

Sales & Book Value

Annual Sales
$42.62 billion
Cash Flow
$3.71 per share
Book Value
$5.12 per share

Miscellaneous

Outstanding Shares
4,654,880,000
Free Float
456,178,000
Market Cap
$637.70 billion
Optionable
Optionable
Beta
1.16

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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 quarterly revenue was up 43.0% on a year-over-year basis, indicating strong growth potential.
  • The company has a low dividend payout ratio of 9.03%, which suggests stability in dividend payments.
  • Analysts have given Broadcom a consensus rating of "Moderate Buy" with an average target price of $240.08, indicating positive sentiment from experts.
  • Broadcom's PE ratio of 6.19 and PEG ratio of 2.83 suggest that the stock may be undervalued, making it an attractive investment opportunity.
  • Recent analyst price target upgrades, such as from UBS Group and Barclays, show confidence in Broadcom's future performance.

Cons

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

  • The stock price of Broadcom has recently experienced a 4% decline, indicating short-term volatility and potential risks.
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 Sunday, August 18, 2024. Please send any questions or comments about these Broadcom pros and cons to contact@marketbeat.com.

AVGO Stock Analysis - Frequently Asked Questions

How have AVGO shares performed this year?

Broadcom's stock was trading at $111.6250 on January 1st, 2024. Since then, AVGO stock has increased by 22.7% and is now trading at $136.9950.
View the best growth stocks for 2024 here
.

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) announced its earnings results on Thursday, September, 5th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The business's quarterly revenue was up 47.3% compared to the same quarter last year.
Read the conference call transcript
.

When did Broadcom's stock split?

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

Does Broadcom have any subsidiaries?

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

Who are Broadcom's major shareholders?

Broadcom's top institutional shareholders include Legal & General Group Plc (0.85%), Bank of New York Mellon Corp (0.81%), Susquehanna International Group LLP and Ameriprise Financial Inc. (0.60%). Insiders that own company stock include Kirsten M Spears, Mark David Brazeal, Charlie B Kawwas, Check Kian Low, Hock E Tan, Justine Page, Diane M Bryant, Raul J Fernandez, Kenneth Hao, Gayla J Delly, Justine Lien 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.

What other stocks do shareholders of Broadcom own?

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).

This page (NASDAQ:AVGO) was last updated on 9/7/2024 by MarketBeat.com Staff

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