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 1 year target prices for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,325.00. On average, they anticipate the company's share price to reach $981.45 in the next twelve months. This suggests that the stock has a possible downside of 23.5%.
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Broadcom's stock was trading at $1,116.25 at the beginning of 2024. Since then, AVGO stock has increased by 15.0% and is now trading at $1,283.44.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our AVGO earnings forecast.

Broadcom will be holding an earnings conference call on Thursday, March 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Broadcom Inc. (NASDAQ:AVGO) announced its earnings results on Thursday, December, 7th. The semiconductor manufacturer reported $11.06 earnings per share for the quarter, beating the consensus estimate of $10.96 by $0.10. The semiconductor manufacturer earned $9.30 billion during the quarter, compared to analysts' expectations of $9.28 billion. Broadcom had a trailing twelve-month return on equity of 73.43% and a net margin of 39.31%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $9.75 EPS.
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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 1.64%. The ex-dividend date of this dividend is Tuesday, December 19th. This is a boost 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 1.64%. 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 has approved a stock repurchase program on Thursday, May 26th 2022, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Broadcom issued an update on its FY 2024 earnings guidance on Monday, December, 11th. The company provided EPS 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 many different retail and institutional investors. Top institutional investors include Norges Bank (1.19%), 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%) and Dimensional Fund Advisors LP (0.45%). 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.
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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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