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.
Broadcom stock last closed at $1,318.73, down 0.96% from the previous day, and has increased 110.38% in one year. It has overperformed other stocks in the Semiconductors industry by 0.72 percentage points. Broadcom stock is currently +119.32% from its 52-week low of $601.29, and -8.3% from its 52-week high of $1,438.17.
At the moment, there are 463.42M shares of AVGO outstanding. The market capitalization of AVGO is $611.13B. In the past 24 hours, 2.5M AVGO shares were traded.
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Once you have decided on the best place to buy Broadcom stock, it's crucial to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
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You can view all of the due diligence checks on AVGO's stock page.
You can use many financial metrics, analyses, models, and charts to gauge AVGO's true value.
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You can do more valuation research on AVGO's stock here.
Out of 20 Wall Street analysts who give forecasts on AVGO, the consensus analyst rating on Broadcom is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Christopher Danely, a top 7% analyst from Citigroup maintains AVGO with a strong buy rating and raises their AVGO price target from $1,100.00 to $1,560.00, on Mar 11, 2024.
C J Muse, a top 3% analyst from Cantor Fitzgerald reiterates AVGO with a strong buy rating and maintains their AVGO price target from $1,600.00 to $1,600.00, on Mar 11, 2024.
Toshiya Hari, a top 2% analyst from Goldman Sachs maintains AVGO with a strong buy rating and raises their AVGO price target from $1,325.00 to $1,550.00, on Mar 11, 2024.
Tristan Gerra, a top 18% analyst from Baird maintains AVGO with a buy rating and raises their AVGO price target from $1,265.00 to $1,500.00, on Mar 11, 2024.
Baird's Tristan Gerra raised their price target on Broadcom (NASDAQ: AVGO) by 18.6% from $1,265 to $1,500 on 2024/03/11. The analyst maintained their Buy rating on the stock.
Post Broadcom's Q1 earnings, reported on 2024/03/07, Gerra told readers that Baird "looked at catalysts and determined that the company's strength in AI is more than offsetting incremental weakness in broadband and storage, reflecting the dichotomy in demand between AI and the rest of the market."
For Q1 2024, Broadcom Inc. reported:
For FY 2024, management guided :
President & CEO Hock Tan commented: "We are pleased to have two strong drivers of revenue growth for Broadcom in Q1 and FY 2024.
“First, our acquisition of VMware is accelerating revenue growth in our infrastructure software segment, as customers deploy VMware Cloud Foundation.
“Second, strong demand for our networking products in AI data centers, as well as custom AI accelerators from hyperscalers, are driving growth in our semiconductor segment.
"We reiterate our FY 2024 guidance for consolidated revenue of $50B and adjusted EBITDA of $30B."
William Stein, a top 1% analyst from Truist Securities reiterates AVGO with a strong buy rating and raises their AVGO price target from $1,240.00 to $1,566.00, on Mar 8, 2024.
You can dive deeper into what analysts are saying on the Broadcom stock forecast page.
Last year, AVGO earnings were $11.63B. During the past 5 year, AVGO's earnings have gone up by 12.29% per year. This was slower than the Semiconductors industry average of 26.93%.
Last year, AVGO revenue was $38.87B. In the last 5 year, AVGO's revenue has grown by 12.77% per year. This was slower than the Semiconductors industry average of 23.44%.
Dive into AVGO's earnings and revenue performance here.
Over the past year, insiders at AVGO have sold more shares than they have bought.
Mark David Brazeal, Chief Legal Corp Affairs Ofc of AVGO, was the latest AVGO insider to sell. They sold $3,380,875.00 worth of AVGO stock on Mar 25, 2024.
Dig into more about who owns AVGO shares here.
Broadcom pays a dividend of 1.49%, compared to the Semiconductors industry's average dividend yield of 8.33%. If you owned $1,000 of AVGO stock, you would have received $14.94 in the past year.
Broadcom dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Broadcom dividend yield and history here.
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