Broadcom Inc. (AVGO)
| Market Cap | 617.65B |
| Revenue (ttm) | 38.87B |
| Net Income (ttm) | 11.63B |
| Shares Out | 463.42M |
| EPS (ttm) | 26.98 |
| PE Ratio | 49.40 |
| Forward PE | 28.27 |
| Dividend | $21.00 (1.58%) |
| Ex-Dividend Date | Mar 20, 2024 |
| Volume | 1,627,474 |
| Open | 1,315.31 |
| Previous Close | 1,305.67 |
| Day's Range | 1,315.31 - 1,344.00 |
| 52-Week Range | 624.21 - 1,438.17 |
| Beta | 1.26 |
| Analysts | Strong Buy |
| Price Target | 1,515.71 (+13.72%) |
| Earnings Date | Jun 12, 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 26 analysts, the average rating for AVGO stock is "Strong Buy." The 12-month stock price forecast is $1,515.71, which is an increase of 13.72% from the latest price.
News
Trade Tracker: Kevin Simpson sells Apple calls and sells Broadcom
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest trades.
Broadcom Delivers Industry-Leading Workload Automation and Orchestration with Launch of Automic SaaS
PALO ALTO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced its Automic® Automation solution is now available as Software as a Service (SaaS).
Broadcom Inc. to Announce Second Quarter Fiscal Year 2024 Financial Results on Wednesday, June 12, 2024
PALO ALTO, Calif. , May 6, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today ...
Semiconductors: Where the US stands compared to the rest of the world
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Here's why the Broadcom (AVGO) stock price is in a correction
Broadcom (NASDAQ: AVGO) stock price has entered a deep correction zone as the recent rally faded. It has collapsed by over 15% from its highest point this year and is hovering at its lowest level sinc...
Broadcom's critics reject its cloud licensing changes
Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing te...
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Broadcom questioned by EU over VMware licensing changes
U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware's licensing conditions following complaints from a spate of EU business...
China remains crucial for U.S. chipmakers as tensions between the world's top two economies rise
Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.
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The Investment Committee discusses the latest Calls of the Day.
Broadcom Wins Two 2024 Google Cloud Technology Partner of the Year Awards for Networking and Virtualization
Broadcom Inc. (NASDAQ: AVGO) today announced that it has received 2024 Google Cloud Technology Partner of the Year awards for Infrastructure in the categor
Broadcom may have secured wins from Meta and Google
Broadcom Inc (NASDAQ: AVGO) is in focus today after JPMorgan analysts said it is warming up to launch its 3nm AI accelerator custom chip programmes.
Broadcom and Google Cloud Announce Expanded Partnership to Help Accelerate Innovation for Enterprises
Broadcom will migrate its VMware workloads to Google Cloud, collaborate on joint go-to-market initiatives, and deliver new gen AI capabilities LAS VEGAS , April 9, 2024 /PRNewswire/ -- Cloud Next '24,...
Broadcom's stock has doubled in a year. These factors could send it even higher.
Broadcom Inc. shares have surged more than 100% in the past year as the chip company has shown Wall Street that it's picking up its artificial-intelligence spending.
11:11 Systems Becomes New VMware Cloud Service Provider Pinnacle Tier Partner in the Broadcom Advantage Partner Program
FAIRFIELD, N.J.--(BUSINESS WIRE)-- #1111Systems--11:11 Systems (“11:11”), a managed infrastructure solutions provider, today announced the company is now a VMware Cloud Service Provider (VCSP) Pinnacl...
Converge Technology Solutions Awarded Broadcom's North America Fastest Growth Cybersecurity Partner of the Year and VMware by Broadcom's Americas Technical Enablement Partner of the Year
TORONTO and GATINEAU, QC, April 2, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it has been named Broadcom Software's 2023 No...
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James Cakmak, Clockwise Capital Partner, discusses the recent run-up in semiconductor stocks.
In a Bumper Year for CEO Pay, a $161 Million Award Swells to $1.3 Billion
Broadcom boss's compensation leads the pack in 2023 as big stock gains drive up the value of awards.
Broadcom's stock climbs as one bull calls it a ‘world-class' AI play — for cheap
Broadcom Inc.'s stock is raking in the love from Wall Street analysts Thursday, after the company held an event focused on its opportunity in artificial intelligence.
Broadcom's AI Event Has Analysts Excited. Here's Why.
TD Cowen analysts upgraded shares of the chip maker to Outperform from Market Perform.
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.