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Morningstar

Broadcom Inc AVGO Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: AVGO

Last close prices updated as of Mar 30, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 633.75
  • Sector Technology
  • Industry Semiconductors
  • Investment Style Large Blend
  • Day Range 629.30  –  636.05
  • Year Range 415.07  –  648.50
  • Market Cap 264.2254 Bil
  • Volume / Avg 493.0 /  2.3 Mil
  • Price / Sales 7.81
  • Price / Book 11.34
  • Forward Div Yield 2.90%
  • Trailing Div Yield 2.75%

Morningstar‘s Stock Analysis AVGO

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

5-Star Price

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Economic Moat

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Capital Allocation

INVESTOR

Broadcom Riding AI Wave to Robust Networking Sales in 2023; Raising FVE to $640 Per Share

Analyst Note

| Abhinav Davuluri |

Broadcom reported impressive fiscal first-quarter results in line with our expectations, led by strong networking demand. While some of the firm’s peers have observed slowing demand in the data center market, we think Broadcom’s advanced switching, routing, and custom silicon portfolio has allowed it to maintain solid growth. Overall, the company’s networking, storage, and broadband business units have proven resilient, including impressive artificial intelligence-, or AI-related sales in its networking segment. We anticipate healthy spending in support of transformer-based large language models such as OpenAI’s ChatGPT (generative pretrained transformer). We believe these AI models use a variety of networking switches and custom silicon from the likes of Broadcom, with competition between Microsoft, Google, and others supporting our forecast for the firm’s networking segment to grow 12% in 2023.

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Key Statistics AVGO

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Company Profile AVGO

Business Description

Broadcom—the combined entity of Broadcom and Avago—boasts a highly diverse product portfolio across an array of end markets. 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
Sector Technology
Industry Semiconductors
Employees 20,000

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FAQs for Broadcom Inc Stock

Yes. AVGO has a forward dividend yield of 0.03%. 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 264.23 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 7.81.
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 21.37.
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 11.34.
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.