Broadcom Inc. (AVGO)
Market Cap | 573.36B |
Revenue (ttm) | 38.87B |
Net Income (ttm) | 11.63B |
Shares Out | 463.42M |
EPS (ttm) | 26.98 |
PE Ratio | 45.86 |
Forward PE | 26.19 |
Dividend | $21.00 (1.70%) |
Ex-Dividend Date | Mar 20, 2024 |
Volume | 2,530,551 |
Open | 1,253.98 |
Previous Close | 1,235.50 |
Day's Range | 1,231.70 - 1,262.88 |
52-Week Range | 601.29 - 1,438.17 |
Beta | 1.27 |
Analysts | Strong Buy |
Price Target | 1,424.18 (+15.11%) |
Earnings Date | Mar 7, 2024 |
About AVGO
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. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing ... [Read more]
Financial Performance
In 2023, Broadcom's revenue was $35.82 billion, an increase of 7.88% compared to the previous year's $33.20 billion. Earnings were $14.08 billion, an increase of 25.47%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for AVGO stock is "Strong Buy." The 12-month stock price forecast is $1,424.18, which is an increase of 15.11% from the latest price.
News
Broadcom (AVGO) stock is in a correction: buy the dip or sell the rip?
Broadcom (NASDAQ: AVGO) stock price is in its third consecutive week in the red as concerns about its valuation, growth, and artificial intelligence remain. After peaking at $1,437 in March, the stock...
AI talk is surging during company earnings calls — and so are those companies' shares
Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.
Broadcom Delivers Industry's First 51.2-Tbps Co-Packaged Optics Ethernet Switch Platform for Scalable AI Systems
Bailly 51.2T CPO switch delivers 70% improvement in optical interconnect power Bailly 51.2T CPO switch delivers 70% improvement in optical interconnect power
Broadcom Extends Technology and Volume Leadership on AI Optical Components
Industry-leading VCSEL, EML and CW laser technologies enable terabit connectivity and drive large-scale AI infrastructure Industry-leading VCSEL, EML and CW laser technologies enable terabit connectiv...
This Analyst With 87% Accuracy Rate Sees More Than 20% Upside In Broadcom - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - Broadcom (NASDAQ:AVGO), CrowdStrike Holdings (NASDAQ:CRWD)
U.S. stocks closed lower on Friday, following the release of jobs data for the month of February. All three major indices closed the week lower, with the S&P 500 falling 0.26% and the blue-chip Dow de...
Chipmaker stocks rally to new highs — here's what investors should know
AI-based tech stocks have seen an unprecedented rally in US markets, with Nvidia (NVDA) leading the charge. While some fear that what goes up must come down, other investors believe these stocks still...
The Score: Spirit Airlines, Target, Broadcom and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
Broadcom Stock Tumbles as Outlook Disappoints; Semiconductor Peers Also Decline
Shares of Broadcom (AVGO) tumbled Friday after the semiconductor giant disappointed investors with its full-year sales outlook.
Bullish on LLY, AVGO, AAPL
Eli Lilly (LLY), Broadcom (AVGO), and Apple (AAPL) are today's big three stocks. Jessica Inskip and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.
Broadcom (AVGO) A.I. Outperforms, Marvell (MRVL) Slumps
Broadcom (AVGO) posts an earnings beat as it's A.I. segment outperforms.
Broadcom Stock Falls. Here's What the Market Is Missing.
Broadcom's earnings may have disappointed investors but there was plenty of optimism on Wall Street.
Nvidia Stock Extends Its Run Higher. Broadcom and Marvell Shares Fall After Earnings.
Nvidia stock extends a spectacular run that has seen it quadruple in value over the past 12 months.
Broadcom (AVGO) & Costco (COST) Earnings Just Released
Broadcom's (AVGO) and Costco (COST) earnings were just released. Broadcom repurchased and eliminated 7.7M shares for $8.29B.
I don't see anything 'structurally wrong' with Broadcom Q1 earnings, says Bernstein's Stacy Rasgon
Stacy Rasgon, Bernstein senior research analyst, joins 'Closing Bell Overtime' to talk Broadcom quarterly results.
Broadcom earnings: There's more room for AI growth, analyst says
Broadcom's (AVGO) first-quarter adjusted earnings per share of $10.99 topped Wall Street estimates of $10.42. Net revenue of $11.96 billion beat the $11.76 billion expectation.
Broadcom's stock has ridden the AI wave, but it's cooling after earnings
Broadcom Inc. shares have rocketed some 50% over the past three months upon enthusiasm for the company's ability to capitalize on artificial-intelligence spending, but the stock's momentum was set to ...
Broadcom's first-quarter revenue beats estimates
Tech conglomerate Broadcom beat market estimates for first-quarter revenue on Thursday, as cloud providers continue to upgrade data centers to support artificial intelligence, helping drive demand for...
Broadcom Q1 earnings are out: here are the numbers
Broadcom Inc (NASDAQ: AVGO) is trading down in extended hours on Thursday even though it reported market-beating financial results for its first quarter. This is a developing story.
Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend
Revenue of $11,961 million for the first quarter, up 34 percent from the prior year period Cash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resu...
AVGO, AMD, INTC: Semiconductors & A.I.
Broadcom (AVGO) is a strange beast of a company, notes Kim Forrest. She and Morningstar's William Kerwin discuss Broadcom.
Three-Stock Lunch: Broadcom, Kroger & Costco
Nations Indexes founder Scott Nations joins ‘Power Lunch' to discuss plays for three stocks, including Broadcom, Kroger and Costco.
Broadcom earnings in focus as AI rally continues
The upcoming earnings report from Broadcom Inc (NASDAQ:AVGO) on Thursday is highly anticipated by investors as a crucial indicator for the AI sector's strength amidst a declining market for computers ...
Nvidia, Chip Stocks Could Hit an Air Pocket Soon, Says Analyst
Mizuho analyst Jordan Klein is cautious about the persistent gains of chip stocks. He sees year-end prices higher than now, but warns profit-taking in the near term could weigh on stocks.
Broadcom unveils world's first 5-nanometre PCIe solutions
Shares of Broadcom Inc (NASDAQ: AVGO) opened nearly 4.0% up this morning after the multinational announced the world's first 5nm PCIe solutions. What we know about Broadcom's new PCIe solutions The re...
Broadcom Extends AI Workload Scale with Industry-First PCI Express Gen5/Gen6 Retimers
Industry's first end-to-end PCIe connectivity portfolio offers lowest power solutions and unparalleled efficiency to interconnect AI infrastructure Industry's first end-to-end PCIe connectivity portfo...