Should I buy or sell Broadcom stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?

22 Wall Street analysts have issued twelve-month price targets for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,720.00. On average, they predict the company's share price to reach $1,285.41 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price. 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 13.3% and is now trading at $1,264.16. View the best growth stocks for 2024 here .

When is Broadcom's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024. View our AVGO earnings forecast .

How were Broadcom's earnings last quarter?

Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, March, 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, beating analysts' consensus estimates of $8.95 by $2.04. The semiconductor manufacturer had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. Broadcom had a net margin of 29.93% and a trailing twelve-month return on equity of 47.71%. The business's quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the previous year, the company posted $9.83 EPS. 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, March 6th. Investors of record on Thursday, March 21st will be given a dividend of $5.25 per share on Friday, March 29th. This represents a $21.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, March 20th. 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 1.58%. 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 77.84%. 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 45.39% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AVGO .

What ETFs hold Broadcom's stock?

ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Pacer Data and Digital Revolution ETF (TRFK) , BMO REX MicroSectors FANG Index 3X Leveraged ETN (FNGU) , First Trust Nasdaq Semiconductor ETF (FTXL) , Invesco PHLX Semiconductor ETF (SOXQ) , ProShares Ultra Semiconductors (USD) , First Trust NASDAQ Technology Dividend Index Fund (TDIV) , iShares Semiconductor ETF (SOXX) and iShares U.S. Tech Independence Focused ETF (IETC) .

How will Broadcom's stock buyback program work?

Broadcom announced that its board has initiated a share repurchase plan 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 reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

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

Broadcom issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. 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 $50.2 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 many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), AMF Tjanstepension AB (0.04%), Sarasin & Partners LLP (0.04%), Guinness Asset Management LTD (0.04%), Gateway Investment Advisers LLC (0.02%) and Factory Mutual Insurance Co. (0.02%). 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

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NASDAQ:AVGO

Broadcom (AVGO) Stock Price, News & Analysis

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$1,258.99

-23.64 (-1.84%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1,255.46
▼
$1,292.65
50-Day Range: $1,226.55
▼
$1,407.01
52-Week Range: $601.29
▼
$1,438.17

Volume: 2.49 million shs
Average Volume: 2.95 million shs
Market Capitalization: $583.44 billion

P/E Ratio: 46.66
Dividend Yield: 1.67%
Price Target: $1,285.41

Get Broadcom alerts:

Broadcom MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.91 Rating Score
Upside/Downside: 1.7% Upside
$1,285.41 Price Target
Short Interest: Healthy
1.18% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -1.48
Upright™ Environmental Score
News Sentiment: 0.65
Based on 50 Articles This Week
Insider Trading: Selling Shares
$40.31 M Sold Last Quarter
Proj. Earnings Growth: 28.96%
From $35.88 to $46.27 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.

4.86 out of 5 stars

Computer And Technology Sector

29th out of 586 stocks

Semiconductors & Related Devices Industry

9th out of 89 stocks

2.5

Analyst's Opinion

Consensus Rating
Broadcom has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 20 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Broadcom has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.18% 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 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Broadcom has recently decreased by 0.90%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Broadcom pays a meaningful dividend of 1.58%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Broadcom has been increasing its dividend for 14 years.
Dividend Coverage
The dividend payout ratio of Broadcom is 77.84%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Broadcom will have a dividend payout ratio of 45.39% next year. This indicates that Broadcom will be able to sustain or increase its dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Broadcom has received a 29.17% net impact score from Upright. Broadcom seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network modules", "Computer adapters", "Wireless access points", "Fiber optics internet provision", "Ethernet gateways", and "Network switches" products. See details.
Environmental Sustainability
The Environmental Impact score for Broadcom is -1.48.

3.1

News and Social Media Coverage

News Sentiment
Broadcom has a news sentiment score of 0.65. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 50 news articles for Broadcom this week, compared to 22 articles on an average week.
Search Interest
Only 199 people have searched for AVGO on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
174 people have added Broadcom to their MarketBeat watchlist in the last 30 days. This is an increase of 12% compared to the previous 30 days.

2.5

Company Ownership

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 $40,306,667.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Broadcom are expected to grow by 28.96% in the coming year, from $35.88 to $46.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Broadcom is 46.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Broadcom is 46.86, 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 238.69.
Price to Earnings Growth Ratio
Broadcom has a PEG Ratio of 2.71. 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 24.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

AVGO Stock News Headlines

April 17, 2024 | marketbeat.com

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The semiconductor industry has been on fire thanks to the artificial intelligence (AI) trend. Semiconductor stocks within the computer and technology

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Justine Page Sells 110 Shares of Broadcom Inc. (NASDAQ:AVGO) Stock

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April 10, 2024 | insidertrades.com

Insider Selling: Broadcom Inc. (NASDAQ:AVGO) CFO Sells 3,000 Shares of Stock

April 6, 2024 | insidertrades.com

Hock E. Tan Sells 2,000 Shares of Broadcom Inc. (NASDAQ:AVGO) Stock

April 2, 2024 | insidertrades.com

Broadcom Inc. (NASDAQ:AVGO) Insider Sells $3,297,425.00 in Stock

March 29, 2024 | insidertrades.com

Insider Selling: Broadcom Inc. (NASDAQ:AVGO) Insider Sells 5,000 Shares of Stock

March 26, 2024 | marketbeat.com

Arm Holdings Stock Elevating on AI, Cloud, Automotive Tailwinds (AVGO)

Arm Holdings plc (NASDAQ: ARM) is a British semiconductor company that has a virtual lock on most of the mobile computer chips being produced in the world.

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Your Next Portfolio Star: Revealing 2024's Top Stock Pick

March 22, 2024 | insidertrades.com

Broadcom Inc. (NASDAQ:AVGO) Director Sells $12,715,270.80 in Stock

March 18, 2024 | marketbeat.com

S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?

In the past week, the rally in the Technology Select Sector SPDR Fund NYSEARCA: XLK has faltered as many leading stocks have been trading off their previous highs, or have posted small gains.

March 18, 2024 | marketbeat.com

S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback? (AVGO)

Amid a tech sector rally stumble, Nvidia leads the decline. Caution may be in order, amid broader signs that the wider market is under selling pressure.

April 18, 2024 | investorplace.com

Magnificent 7 Killers: 3 Growth Stocks Ready to Become Wall Street's New Darlings

April 18, 2024 | seekingalpha.com

Broadcom's Stock Is A Real Bargain

April 17, 2024 | markets.businessinsider.com

Broadcom's AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say

April 17, 2024 | investorplace.com

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April 17, 2024 | americanbankingnews.com

Broadcom (NASDAQ:AVGO) Receives New Coverage from Analysts at Evercore ISI

April 16, 2024 | msn.com

Evercore ISI Group Initiates Coverage of Broadcom (AVGO) with Outperform Recommendation

April 16, 2024 | finance.yahoo.com

Broadcom Inc. (AVGO) Outperforms Broader Market: What You Need to Know

April 16, 2024 | benzinga.com

Unpacking the Latest Options Trading Trends in Broadcom

April 16, 2024 | msn.com

Broadcom Stock (NASDAQ:AVGO): Another Decade of AI-Driven Growth Ahead, Says Evercore

April 16, 2024 | fool.com

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April 15, 2024 | investorplace.com

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April 15, 2024 | msn.com

Broadcom Succumbs to EU Antitrust Investigation Over VMware Licensing, Prompting Swift Pricing Strategy Revision

April 15, 2024 | reuters.com

Broadcom questioned by EU over VMware licensing changes

April 15, 2024 | americanbankingnews.com

Insider Selling: Broadcom Inc. (NASDAQ:AVGO) Director Sells $145,530.00 in Stock

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Ex-Dividend for 3/29 Dividend: 3/20/2024
Dividend Payable: 3/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/06/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Current Symbol: NASDAQ:AVGO
CUSIP: Y0486S10
CIK: 1730168
Web: www.broadcom.com
Phone: (408) 433-8000
Fax: N/A
Employees: 20,000
Year Founded: 1961

Price Target and Rating

Average Stock Price Target: $1,285.41
High Stock Price Target: $1,720.00
Low Stock Price Target: $44.00
Potential Upside/Downside: +0.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.91
Research Coverage: 22 Analysts

Profitability

EPS (Most Recent Fiscal Year): $26.98
Trailing P/E Ratio: 47.54
Forward P/E Ratio: 35.75
P/E Growth: 2.71
Net Income: $14.08 billion
Net Margins: 29.93%
Pretax Margin: 32.42%
Return on Equity: 47.71%
Return on Assets: 16.75%

Debt

Debt-to-Equity Ratio: 1.05
Current Ratio: 1.34
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $35.82 billion
Price / Sales: 16.59
Cash Flow: $42.54 per share
Price / Cash Flow: 30.15
Book Value: $51.24 per share
Price / Book: 25.03

Miscellaneous

Outstanding Shares: 463,420,000
Free Float: 454,153,000
Market Cap: $594.40 billion
Optionable: Optionable
Beta: 1.25

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Key Executives

Mr. Hock E. Tan (Age 72)
President, CEO & Executive Director
Comp: $1.29M
Ms. Kirsten M. Spears (Age 60)
CFO & Chief Accounting Officer
Comp: $932.08k
Mr. Mark D. Brazeal (Age 56)
Chief Legal & Corporate Affairs Officer
Comp: $1.18M
Dr. Charlie B. Kawwas Ph.D. (Age 53)
President of Semiconductor Solutions
Comp: $1.52M
Mr. Alan Davidson
Chief Information Officer
Ji Yoo
Director of Investor Relations
Ms. Jill Turner
Vice President of Human Resources
Mr. Frank Ostojic
Senior VP & GM of ASIC Products Division
Mr. Rich Nelson
Senior VP & GM of Broadband Video Group
Mr. Ed Redmond
Senior VP & GM of Compute & Connectivity Division

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Broadcom Stock? AVGO Pros and Cons Explained

Pros

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

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide, positioning itself in a crucial sector of technology.
The company operates in two segments, Semiconductor Solutions and Infrastructure Software, diversifying its revenue streams and reducing dependency on a single market.
Broadcom's products are used in various applications, including enterprise and data center networking, smartphones, and electronic displays, indicating a broad market reach and potential for growth.
Recent developments in the semiconductor industry have shown increased demand for Broadcom's products, potentially leading to higher revenues and profitability.
Despite market fluctuations, Broadcom has maintained a stable stock price, offering investors a sense of security and potential for long-term growth.

Cons

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

The semiconductor industry is highly competitive and subject to rapid technological advancements, posing a risk of obsolescence for Broadcom's products if not able to keep up with innovation.
Global economic uncertainties and trade tensions could impact Broadcom's international operations and supply chain, leading to potential disruptions and financial losses.
Regulatory changes and geopolitical issues may affect Broadcom's business operations and profitability, introducing additional risks for investors.
Fluctuations in semiconductor demand and pricing could impact Broadcom's financial performance, leading to potential revenue declines and stock price volatility.
Investing in individual semiconductor companies like Broadcom carries inherent risks due to market cyclicality and dependency on specific technological trends, requiring careful consideration and risk management.

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 Thursday, April 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?: 22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?: 22 Wall Street analysts have issued twelve-month price targets for Broadcom's stock. Their AVGO share price targets range from $44.00 to $1,720.00. On average, they predict the company's share price to reach $1,285.41 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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 13.3% and is now trading at $1,264.16.
View the best growth stocks for 2024 here.
When is Broadcom's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our AVGO earnings forecast.
How were Broadcom's earnings last quarter?: Broadcom Inc. (NASDAQ:AVGO) posted its quarterly earnings results on Thursday, March, 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, beating analysts' consensus estimates of $8.95 by $2.04. The semiconductor manufacturer had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. Broadcom had a net margin of 29.93% and a trailing twelve-month return on equity of 47.71%. The business's quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the previous year, the company posted $9.83 EPS.
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, March 6th. Investors of record on Thursday, March 21st will be given a dividend of $5.25 per share on Friday, March 29th. This represents a $21.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, March 20th.
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 1.58%. 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 77.84%. 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 45.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVGO.
What ETFs hold Broadcom's stock?: ETFs with the largest weight of Broadcom (NASDAQ:AVGO) stock in their portfolio include Pacer Data and Digital Revolution ETF (TRFK), BMO REX MicroSectors FANG Index 3X Leveraged ETN (FNGU), First Trust Nasdaq Semiconductor ETF (FTXL), Invesco PHLX Semiconductor ETF (SOXQ), ProShares Ultra Semiconductors (USD), First Trust NASDAQ Technology Dividend Index Fund (TDIV), iShares Semiconductor ETF (SOXX) and iShares U.S. Tech Independence Focused ETF (IETC).

How will Broadcom's stock buyback program work?: Broadcom announced that its board has initiated a share repurchase plan 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 reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.
What guidance has Broadcom issued on next quarter's earnings?: Broadcom issued an update on its FY 2024 earnings guidance on Thursday, March, 7th. 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 $50.2 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 many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.07%), AMF Tjanstepension AB (0.04%), Sarasin & Partners LLP (0.04%), Guinness Asset Management LTD (0.04%), Gateway Investment Advisers LLC (0.02%) and Factory Mutual Insurance Co. (0.02%). 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.
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This page (NASDAQ:AVGO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Broadcom (AVGO) Stock Price, News & Analysis

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