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Broadcom Inc AVGO Stock Quote

| Rating as of

NASDAQ: AVGO

Last close prices updated as of Jun 09, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 804.62
  • Sector Technology
  • Industry Semiconductors
  • Investment Style Large Blend
  • Day Range 803.88  –  817.75
  • Year Range 415.07  –  921.78
  • Market Cap 332.0549 Bil
  • Volume / Avg 330.0 /  2.7 Mil
  • Price / Sales 9.76
  • Price / Book 15.09
  • Forward Div Yield 2.29%
  • Trailing Div Yield 2.73%

Morningstar‘s Stock Analysis AVGO

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Broadcom Earnings: AI a Larger Piece of the Pie and Product Suite Remains Resilient

Analyst Note

| William Kerwin |

Narrow-moat Broadcom reported strong fiscal second-quarter results, slightly below our revenue expectations but significantly surpassing our earnings expectations. Networking demand was again strong on the back of a continued tailwind of generative AI deployment. Management noted that AI-related revenue currently represents approximately 15% of its semiconductor business. In fiscal 2022, that figure was around 10% of its semiconductor revenue, and management believes it can reach 25% of semiconductor revenue in fiscal 2024, an estimate we view as reasonable and impressive. The immediate hesitation to AI-related growth is the potential for cannibalization of its other product growth. However, we view Broadcom's networking, storage, and broadband businesses as resilient and view AI-related revenue as a tool to expand on existing growth vectors. We maintain our $640 fair value estimate for Broadcom, which reflects a 50% probability the firm's pending VMware acquisition will close within fiscal 2023.

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Key Statistics AVGO

Company Profile AVGO

Business Description

Broadcom boasts a highly diverse product portfolio across an array of end markets and is the product of the 2016 merger of Avago and Broadcom. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets. Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, Symantec's enterprise security business, and has a pending deal to acquire VMware to bolster its offerings in enterprise software.

Contact
1320 Ridder Park Drive
San Jose, CA, 95131-2313
Industry Semiconductors
Employees 20,000

Related Articles AVGO

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of AVGO’s competitive advantage.

Broadcom Inc

XNAS: AVGO

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XNAS: MRVL

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Price
804.6260.01119.11104.49
Currency
USDUSDUSDUSD
Change
+$0.42 (0.05%) +$0.29 (0.49%) +$2.76 (2.37%) −$0.77 (0.73%)
Market Cap
332.05 Bil51.61 Bil132.69 Bil16.63 Bil
Industry
Semiconductors Semiconductors Semiconductors Semiconductors
Sector
Technology
Technology
Technology
Technology

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Broadcom Inc Stock

Yes. AVGO has a forward dividend yield of 2.29%. See AVGO’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AVGO’s market cap is 332.05 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AVGO’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AVGO’s price/sales is 9.76.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AVGO’s price/forward earnings is 25.23.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AVGO’s price/book is 15.14.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AVGO’s valuation ratios compared to the Market Index.

AVGO’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AVGO’s historical performance against its industry peers and the overall market.