WallStreetZenWallStreetZen

How to Buy Broadcom Stock

Broadcom Inc

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.

How to Buy Broadcom Stock

Wondering how to invest in Broadcom stock? Here's how.
  1. Figure out where to buy Broadcom stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Broadcom stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Choose your payment method and add your details.
  4. Research Broadcom stock: The Broadcom ticker symbol is AVGO. Is Broadcom stock a good investment? Should you buy shares of AVGO? How do AVGO's underlying business fundamentals look? Do top analysts think Broadcom is a good buy? Why has AVGO's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if AVGO is a good stock to buy).
  5. Place your AVGO buy order: Decide if you will purchase AVGO shares at the current market price or use a limit order to purchase AVGO stock at a specific price.
  6. Track your AVGO investment: Create a watchlist to keep track of your investment in Broadcom stock.

Step 1: Figure out where to buy Broadcom stock

You will need a brokerage account in order to access the NASDAQ market and buy AVGO stock.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

In our opinion, eToro is the best online stock brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
  • Access to global markets: From Tech to Real Estate, New York to Tokyo — you can fill your portfolio with stocks from the world's top stock exchanges.
  • Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open a brokerage account

Now that you've picked the right brokerage, the next step is to fill out some personal info so you can invest in AVGO stock today.

How to Create a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal details to open your new trading account.
  1. Send your details by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your investment account

Now that you have filled out your info on investing apps, your next step is to transfer the money for your investment:

Check out the video below if you need help depositing funds into your new investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Broadcom stock

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.

Broadcom shares at a glance

AVGO Price
$1,318.73
1w %
3.35%
1y %
110.38%
5y %
345.56%
P/E
47.42x
P/B
8.7x
P/S
15.34x
PEG
1.39x
Revenue
$38.87B
Earnings
$11.63B
Fore. Rev. Growth
15.4%
Fore. Earn. Growth
34.11%
Market Cap
$611.13B
Next Earnings
N/A
Next Dividend
Mar 29, 2024

Fundamentals of AVGO

WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.

You can view all of the due diligence checks on AVGO's stock page.

How is AVGO stock valued?

You can use many financial metrics, analyses, models, and charts to gauge AVGO's true value.

Using relative valuations measures:

  • AVGO may be undervalued based on its P/E ratio of 47.42x, relative to Semiconductors industry P/E ratio of 66.49x
  • AVGO could be overvalued based on its P/B ratio of 8.7x, relative to Semiconductors industry P/B ratio of 8.23x
  • AVGO could be overvalued based on its PEG ratio of 1.39x

You can do more valuation research on AVGO's stock here.

A look at AVGO Cashflows and Balance Sheet

Positive Health Checks:

  • AVGO earnings of $14.79B is not sufficient to cover its interest payments.
  • AVGO's operating cash flow of $18.86B allows it to safely service it's debt of $75.90B.
  • There are more short-term assets than short-term liabilities on the AVGO balance sheet.
  • Total AVGO debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • AVGO profit margin has gone down from 36.6% to 29.9% in the past year.
  • AVGO has a relatively high debt to equity ratio of 1.53.
  • There are more long-term liabilities than short-term assets on the AVGO balance sheet.

Is AVGO stock a Buy, Hold, or Sell, according to analysts?

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.

Most Recent AVGO Analyst Forecasts

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."

Earnings Report

For Q1 2024, Broadcom Inc. reported:

  • EPS of $10.99, which beat the Zacks Consensus Estimate of $10.25 and, by 6.4%, Q1 2023’s $10.33.
  • Revenue of $11.96B, which beat the Zacks Consensus Estimate of $11.72B and, by 34.1%, Q1 2023’s $8.92B.

For FY 2024, management guided :

  • Revenue of $50B.
  • Adjusted EBITDA margin of 60%.

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.

AVGO Technical Indicators

SMA10
1,295.23
SMA20
1,315.28
SMA50
1,269.01
SMA100
1,141.97
SMA200
1,002.44
MACD
15.44
MACD Signal
14.33
MACD Histogram
1.11
RSI
54.02
Stochastic %K
61.89
Stochastic %D
65.58
StochRSI %K
60.09
StochRSI %D
61.07

AVGO Revenue

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.

Latest Insiders Trades at AVGO

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.

Does AVGO stock generate passive income?

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.

What others are saying about AVGO

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Place your AVGO buy order

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.

Hit the Open Trade button and eToro will execute the order.

If you want more help with investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Track your AVGO investment

Now that you own some shares in AVGO, you'll want to keep up with your investment.

Add AVGO to a watchlist to track the latest developments regarding your AVGO stock.

AVGO Feed

How to Buy Stock in Broadcom

To summarize, here are the 6 steps you need to take to buy Broadcom stock right now:

  1. Figure out where to buy Broadcom stock
  2. Open a brokerage account
  3. Deposit funds into your investment account
  4. Research Broadcom stock
  5. Place your AVGO buy order
  6. Track your AVGO investment

If you need a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your new investment in Broadcom, get started below.

NASDAQ: AVGO
$1,318.73-12.76 (-0.96%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: AVGO
$1,318.73-12.76 (-0.96%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Broadcom share?

As of Mar 27, 2024, it costs $1,318.73 to buy one share of Broadcom stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.076 shares of AVGO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Broadcom stock?

According to 20 Wall Street analysts who monitor Broadcom, their consensus recommendation is to buy Broadcom stock.

What is the best way to buy Broadcom stock?

One way to place an order for Broadcom stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.