- Previous Close
171.89 - Open
176.30 - Bid 176.51 x 200
- Ask 176.71 x 100
- Day's Range
172.60 - 176.90 - 52 Week Range
81.17 - 185.16 - Volume
17,203,078 - Avg. Volume
29,718,871 - Market Cap (intraday)
825.011B - Beta (5Y Monthly) 1.18
- PE Ratio (TTM)
142.45 - EPS (TTM)
1.24 - Earnings Date Dec 5, 2024 - Dec 9, 2024
- Forward Dividend & Yield 2.12 (1.20%)
- Ex-Dividend Date Sep 19, 2024
- 1y Target Est
192.71
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 custom silicon solutions; serializer/deserializer application specific integrated circuits; optical and copper, and physical layer devices; and fiber optic components and RF semiconductor devices. The company also offers RF front end modules and filter; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; inductive charging; attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; optocouplers, industrial fiber optics, and motion control encoders and subsystems; light emitting diode, ethernet PHYs, switch ICs, and camera microcontrollers. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was founded in 1961 and is headquartered in Palo Alto, California.
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Performance Overview: AVGO
Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: AVGO
View MoreValuation Measures
Market Cap
802.83B
Enterprise Value
862.83B
Trailing P/E
138.84
Forward P/E
27.78
PEG Ratio (5yr expected)
1.21
Price/Sales (ttm)
17.02
Price/Book (mrq)
12.23
Enterprise Value/Revenue
18.43
Enterprise Value/EBITDA
39.41
Financial Highlights
Profitability and Income Statement
Profit Margin
10.88%
Return on Assets (ttm)
7.70%
Return on Equity (ttm)
12.51%
Revenue (ttm)
46.81B
Net Income Avi to Common (ttm)
5.49B
Diluted EPS (ttm)
1.24
Balance Sheet and Cash Flow
Total Cash (mrq)
11.11B
Total Debt/Equity (mrq)
166.03%
Levered Free Cash Flow (ttm)
25.98B
Research Analysis: AVGO
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View MoreBroadcom Earnings: AI Growth and VMware Integration Align With Our Thesis and $155 Valuation
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
RatingPrice TargetPolitical Parties Don't Always Impact Market Returns
The U.S. presidential election is fast approaching, with the debate between the vice presidential candidates scheduled for early October. But it's not just the presidency that is up for grabs, as control for the House of Republicans and Senate also will be contested. The popular Wall Street wisdom is that the best outcome in Washington is gridlock. Investors perceive that when one party has hegemony -- which we define as controlling the presidency, House, and Senate simultaneously -- ideology supplants pragmatism and compromise. In this scenario, expensive and impractical legislation is passed and the market suffers the consequences. Our analysis of S&P 500 performance since 1945 does not substantiate that widely held perception, however. Our work suggests that the market has actually outperformed in years in which one party prevailed, though the results fail to establish a clear pattern. We start with the base-line annual average market performance since 1945 of 9%. Political scenarios that topped this average included a Republican president and Congress (+10.9%), and Republicans controlling the White House and either the House or the Senate (+10.3%). In years in which the White House was occupied by a Democrat, stocks also outperformed (+10.2%). Heading into the November voting, current odds indicate a Republican House and Senate, and a toss-up for the presidency. At stake is a party's ability to set tax and fiscal policy and a trade and regulatory agenda, while also selecting the Cabinet and members of the Federal Reserve. There's a lot on the line.
Argus Quick Note: Weekly Stock List for 09/16/2024: Focus List Changes
Argus has published its latest Portfolio Selector, which features its popular Focus List. Each month, Director of Research Jim Kelleher, CFA, surveys the team of Argus Research industry analysts for their timeliest recommendations out of the company's fundamental universe of approximately 500 stocks. The Focus List typically includes 30 stocks: turnover is high, as Jim typically adds three or four new stocks per month. Below are the latest additions, all of which are rated BUY at Argus.
Rate-Cut Rotation
The Portfolio Selector features the Argus Focus List, a group of 30 "best idea" stocks generated and regularly updated by Argus' analysts and investment policy committee. It also includes the director of research’s monthly investment strategy column, stock recommendations and sector picks, economic forecasts, and an asset allocation model. This month, the Focus List additions are United Therapeutics Corp (UTHR); Broadcom Inc (AVGO); Palo Alto Networks Inc (PANW); Costco Wholesale Corp (COST) and the Focus List deletions are Walmart Inc (WMT); Itron Inc. (ITRI); Micron Technology Inc. (MU); Intuitive Surgical Inc (ISRG).
Top Analysts: AVGO
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