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Broadcom (AVGO)
NASDAQ:AVGO
Broadcom (AVGO) Stock Price & Analysis
14,517 Followers
AVGO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$589.63 - $1,432.07
Previous Close$1,204.71
Volume1.04M
Average Volume (3M)2.99M
Market Cap
$563.06B
Enterprise Value$622.33B
Total Cash (Recent Filing)$11.86B
Total Debt (Recent Filing)$75.90B
Price to Earnings (P/E)44.7
Beta1.29
Next Earnings
Jun 06, 2024EPS Estimate
$10.84Last Dividend Ex-Date
Mar 20, 2024Dividend Yield1.64%
Share Statistics
EPS (TTM)26.98
Shares Outstanding463,421,237
10 Day Avg. Volume2,496,055
30 Day Avg. Volume2,994,754
Standard Deviation0.09
R-Squared0.53
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-7.50
Price to Sales (P/S)46.68
Price to Cash Flow (P/CF)29.00
P/FCF Ratio24.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.01
Enterprise Value/Gross Profit25.21
Enterprise Value/Ebitda36.07
Forecast
1Y Price Target
$1,572.68Price Target Upside29.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering23
Broadcom News
PremiumStock Analysis & Ideas
Broadcom Stock (NASDAQ:AVGO): Bullish on Dividend Growth and Strong Fundamentals
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBroadcom has a proven growth track record with a 2019-2023 revenue CAGR of 13% and a strong gross margin profile.
Innovation And Competitive AdvantageBroadcom's AI and Networking Investor Day highlighted a broadbased portfolio of technologies positioning the company as the networking technology and market share leader.
Market ExpansionBroadcom Inc captures next-generation 3nm AI ASIC chip wins at both Google and Meta, indicating strong custom chip leadership and significant revenue growth.
Bears Say
Company RisksBroadcom faces risks such as the potential for future acquisitions not to bring the desired value or synergies, heightened US-China tensions affecting revenue, and susceptibility to rising interest rates due to a high net debt to equity ratio.
Financial PerformanceVMware revenue declined 19% year-over-year, potentially due to Broadcom's shift to 100% subscription licenses, which alters revenue recognition timing.
Market ConcentrationIncreased customer concentration as the Top-5 customers now account for approximately 40% of total revenue, up from about 35%.
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Ownership Overview
27.81% Insiders
30.14% Mutual Funds
22.68% Other Institutional Investors
19.37% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AVGO FAQ
What was Broadcom’s price range in the past 12 months?
Broadcom lowest stock price was $589.63 and its highest was $1432.07 in the past 12 months.
What is Broadcom’s market cap?
Currently, no data Available
When is Broadcom’s upcoming earnings report date?
Broadcom’s upcoming earnings report date is Jun 06, 2024 which is in 44 days.
How were Broadcom’s earnings last quarter?
Broadcom released its earnings results on Mar 07, 2024. The company reported $10.99 earnings per share for the quarter, beating the consensus estimate of $10.368 by $0.622.
Is Broadcom overvalued?
According to Wall Street analysts Broadcom’s price is currently Undervalued.
Does Broadcom pay dividends?
Broadcom pays a Quarterly dividend of $5.25 which represents an annual dividend yield of 1.64%. See more information on Broadcom dividends here
What is Broadcom’s EPS estimate?
Broadcom’s EPS estimate is $10.84.
How many shares outstanding does Broadcom have?
Broadcom has 463,421,230 shares outstanding.
What happened to Broadcom’s price movement after its last earnings report?
Broadcom reported an EPS of $10.99 in its last earnings report, beating expectations of $10.368. Following the earnings report the stock price went down -6.986%.
Which hedge fund is a major shareholder of Broadcom?
Among the largest hedge funds holding Broadcom’s share is Fisher Asset Management LLC. It holds Broadcom’s shares valued at 2B.
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Broadcom Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$1,572.68 (29.44% Upside)
$1,572.68 (29.44% Upside)
Blogger Sentiment
Bullish
AVGO Sentiment 92%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 300.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $43.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 4.2%
Last 30 Days ▼ 4.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
93.62%
12-Months-Change
Fundamentals
Return on Equity
24.75%
Trailing 12-Months
Asset Growth
143.74%
Trailing 12-Months
Company Description
Broadcom
Broadcom, Inc. is a technology company offering semiconductor and infrastructure software solutions. It operates through two segments: Semiconductor Solutions (includes semiconductor solution product lines and IP licensing) and Infrastructure Software (Includes mainframe, BizOps and cyber security software solutions and FC SAN business). The company was founded in 1961 and is headquartered in San Jose, CA.
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AVGO Earnings Call
Q1 2024
0:00 / 0:00
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AVGO Stock 12 Months Forecast
Average Price Target
$1,572.68
▲(29.44% Upside)
Technical Analysis
Best Analysts Covering AVGO
1 Year
1 Year Success Rate
53/58 ratings generated profit
1 Year Average Return
+35.47%
reiterated a buy rating last month
Copying Rick Schafer's trades and holding each position for 1 Year would result in 91.38% of your transactions generating a profit, with an average return of +35.47% per trade.
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