Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions. It offers 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's infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. It operates through two segments, Semiconductor Solutions and Infrastructure Software. The company was incorporated in 2018 and is based in San Jose, California.
IPO Year: 2009
Exchange: NASDAQ
Website: broadcom.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/14/2024 | $190.00 → $220.00 | Outperform | Mizuho |
9/18/2024 | Outperform | William Blair | |
7/16/2024 | $175.00 → $210.00 | Buy | TD Cowen |
7/11/2024 | $1650.00 → $2400.00 | Buy | Rosenblatt |
6/11/2024 | $1560.00 | Buy | Citigroup |
6/3/2024 | $1850.00 | Buy | Melius |
5/13/2024 | $1616.00 → $1550.00 | Buy | Jefferies |
4/17/2024 | $1405.00 → $1500.00 | Overweight | Barclays |
4/16/2024 | $1620.00 | Outperform | Evercore ISI |
4/8/2024 | $1500.00 | Buy | Deutsche Bank |
Mizuho reiterated coverage of Broadcom with a rating of Outperform and set a new price target of $220.00 from $190.00 previously
William Blair initiated coverage of Broadcom with a rating of Outperform
TD Cowen reiterated coverage of Broadcom with a rating of Buy and set a new price target of $210.00 from $175.00 previously
Rosenblatt reiterated coverage of Broadcom with a rating of Buy and set a new price target of $2,400.00 from $1,650.00 previously
Citigroup reiterated coverage of Broadcom with a rating of Buy and set a new price target of $1,560.00
Melius initiated coverage of Broadcom with a rating of Buy and set a new price target of $1,850.00
Jefferies initiated coverage of Broadcom with a rating of Buy and set a new price target of $1,550.00 from $1,616.00 previously
Barclays reiterated coverage of Broadcom with a rating of Overweight and set a new price target of $1,500.00 from $1,405.00 previously
Evercore ISI initiated coverage of Broadcom with a rating of Outperform and set a new price target of $1,620.00
Deutsche Bank resumed coverage of Broadcom with a rating of Buy and set a new price target of $1,500.00
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Jumia Technologies AG (NYSE:JMIA) is not making a lot of money. The company will release results for the second quarter before the opening bell on Tuesday, Aug. 6. Benchmark analyst Fawne Jiang initiated coverage of Jumia’s stock on July 9 with a Buy rating and a $14 price target. The African e-commerce company is poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region. See Also: Jim Cramer Recommended This Bank A Month Before It Collapsed, An Example Of ‘His Reverse Midas Touch’ When asked about Adeia Inc. (NASDAQ:ADEA), he said, “I would actually put Trade, TTD, which was down very bad
Technology stocks endured their steepest decline since late 2022 on Wednesday, with nearly 75% of Nasdaq 100 constituents slipping into the red. The Nasdaq 100 — tracked by the Invesco QQQ Trust (NASDAQ:QQQ) — dropped 3.6%, marking its fifth decline in six sessions and the sharpest one-day drop since October 2022. The tech-heavy index fell below its 50-day moving average for the first time since early May. It mostly stayed above this key support level since late October 2023, barring a brief two-week period between April and May. See Also: GDP Q2 Preview – 5 ETFs To Monitor Thursday As Economic Data Unfolds Shares of Alphabet Inc (NASDAQ:GOOG), the parent company of Google, plumm
U.S. chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Qualcomm Inc (NASDAQ:QCOM), Arm Holdings Plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC), Micron Technology, Inc (NASDAQ:MU) are trading lower on Wednesday. Tesla Inc (NASDAQ:TSLA) and Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower. Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consens
Broadcom (NASDAQ:AVGO) has outperformed the market over the past 15 years by 23.6% on an annualized basis producing an average annual return of 35.67%. Currently, Broadcom has a market capitalization of $731.65 billion. Buying $100 In AVGO: If an investor had bought $100 of AVGO stock 15 years ago, it would be worth $9,715.70 today based on a price of $157.18 for AVGO at the time of writing. Broadcom's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating Broadcom (NASDAQ:AVGO) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry. Broadcom Background Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual reven
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP
In a recent development, Broadcom Inc. (NASDAQ:AVGO) is making significant strides in the AI stock market, posing a challenge to Nvidia Corporation (NASDAQ:NVDA). What Happened: The report, based on recent interactions with investors in New York and Connecticut, indicates that Broadcom’s specialized AI business is gaining traction, Business Insider reported on Tuesday. The company has been assisting cloud giants like Alphabet (NASDAQ:GOOGL) and Amazon Inc. (NASDAQ:AMZN) in developing customized AI chips for internal use. “AVGO is catching up to NVDA as the top holding as AVGO has more AI customers joining (OpenAI and Bytedance) and accretion from VMware,” Citi noted. However, Broadcom’
OpenAI is in discussions with Broadcom Inc. (NASDAQ:AVGO) to co-develop a new AI chip. This move is aimed at reducing the company’s dependency on Nvidia Corp. (NASDAQ:NVDA) and strengthening its supply chain. What Happened: OpenAI, co-founded and led by Sam Altman, is in talks with Broadcom and other semiconductor designers to enhance the supply of components and infrastructure required for running advanced AI models, reported the Financial Times on Thursday. These discussions are part of Altman’s strategy to secure the necessary resources for the company’s AI models. "The limiting factor of AI is capacity: chip capacity, energy capacity, compute capacity. [OpenAI] is not just going to
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley
SAN JOSE, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- In a world's first for switching silicon, Broadcom Inc. (NASDAQ:AVGO) today announced a novel on-chip, neural-network inference engine called NetGNT (Networking General-purpose Neural-network Traffic-analyzer) in its new, software-programmable Trident 5-X12 chip. NetGNT works in parallel to augment the standard packet-processing pipeline. The standard pipeline is one-packet/one-path, meaning that it looks at one packet as it takes a specific path through the chip's ports and buffers. NetGNT, in contrast, is an ML inference engine and can be trained to look for different types of traffic patterns that span the entire chip. For exampl
Littelfuse, Inc. (NASDAQ:LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced today the appointment of Gayla Delly to the company's board of directors, effective September 28, 2023. Delly was also appointed to the Audit Committee. "Gayla brings a wealth of experience as both a public company executive and seasoned board member," said Gordon Hunter, Littelfuse Chairman of the Board of Directors. "Her board leadership and broad management experience across companies operating in a diverse set of end markets make her a terrific addition to the Littelfuse board, as we continue to execute our company's growth strategy
Romeo Power, Inc. ("Romeo Power") (NYSE:RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the appointment of Matthew Sant to the role of General Counsel. Mr. Sant is a seasoned in-house legal executive and lawyer who brings to Romeo Power extensive experience at the intersections of technology, business and legal issues. Prior to joining Romeo Power, Mr. Sant served as Vice President and Deputy General Counsel at Skyworks Solutions, Inc. (NASDAQ:SWKS), a manufacturer of analog semiconductors for wireless communications. At Skyworks, Matt was responsible for a broad portfolio of legal matters, includi
Revenue of $13,072 million for the third quarter, up 47 percent from the prior year periodGAAP net loss of $1,875 million for the third quarter (1); Non-GAAP net income of $6,120 million for the third quarterAdjusted EBITDA of $8,223 million for the third quarter, or 63 percent of revenueGAAP diluted loss per share of $0.40 for the third quarter; Non-GAAP diluted EPS of $1.24 for the third quarterCash from operations of $4,963 million for the third quarter, less capital expenditures of $172 million, resulted in $4,791 million of free cash flow, or 37 percent of revenueQuarterly common stock dividend of $0.53 per shareFourth quarter fiscal year 2024 revenue guidance of approximately $14.0 bil
PALO ALTO, Calif., Aug. 5, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2024 financial results and business outlook on Thursday, September 5, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, September 5, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.c
Revenue of $12,487 million for the second quarter, up 43 percent from the prior year periodGAAP net income of $2,121 million for the second quarter; Non-GAAP net income of $5,394 million for the second quarterAdjusted EBITDA of $7,429 million for the second quarter, or 59 percent of revenueGAAP diluted EPS of $4.42 for the second quarter; Non-GAAP diluted EPS of $10.96 for the second quarterCash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenueQuarterly common stock dividend of $5.25 per shareFiscal 2024 annual revenue guidance of approximately $51.0 billion including con
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 announced it will report its second quarter fiscal year 2024 financial results and business outlook on Wednesday, June 12, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Wednesday, June 12, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operator. Please preregister at https://register.vevent.com/reg
Revenue of $11,961 million for the first quarter, up 34 percent from the prior year periodCash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million, resulted in $4,693 million of free cash flow, or 39 percent of revenueGAAP net income of $1,325 million for the first quarter; Non-GAAP net income of $5,254 million for the first quarterAdjusted EBITDA of $7,156 million for the first quarter, or 60 percent of revenueGAAP diluted EPS of $2.84 for the first quarter; Non-GAAP diluted EPS of $10.99 for the first quarterQuarterly common stock dividend of $5.25 per shareRepurchased and eliminated 7.7 million shares for $8,290 millionFiscal 2024 annual reve
PALO ALTO, Calif., Feb. 16, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call starting at 2:15 p.m. Pacific Time on the same day to discuss these results and business outlook, instead of at 2:00 p.m. Pacific Time as previously announced. Date: Thursday, March 7, 2024 Time: 2:15 PM (PT); 5:15 PM (ET) To Listen via Telephone: Preregistration is required by the conference cal
PALO ALTO, Calif., Feb. 7, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a Delaware corporation headquartered in Palo Alto, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its first quarter fiscal year 2024 financial results and business outlook on Thursday, March 7, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, March 7, 2024 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call operat
Revenue of $9,295 million for the fourth quarter, up 4 percent from the prior year periodCash from operations of $4,828 million for the fourth quarter, less capital expenditures of $105 million, resulted in $4,723 million of free cash flow, or 51 percent of revenueQuarterly common stock dividend increased by 14 percent from the prior quarter to $5.25Adjusted EBITDA of $6,048 million for the fourth quarter, or 65 percent of revenueNon-GAAP diluted EPS of $11.06 for the fourth quarter; GAAP diluted EPS of $8.25 for the fourth quarterFiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year periodFiscal 2
Revenue of $8,876 million for the third quarter, up 5 percent from the prior year periodAdjusted EBITDA of $5,801 million for the third quarterNon-GAAP diluted EPS of $10.54 for the third quarter; GAAP diluted EPS of $7.74 for the third quarterQuarterly common stock dividend of $4.60 per shareRepurchased and eliminated 2.9 million shares for $2,167 millionFourth quarter revenue guidance of approximately $9.27 billion, an increase of 4 percent from the prior year periodFourth quarter Adjusted EBITDA guidance of approximately 65 percent of projected revenue (1)SAN JOSE, Calif., Aug. 31, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a global technology leader that designs, develops and supp
SAN JOSE, Calif., July 31, 2023 /PRNewswire/ -- Broadcom Inc. (NASDAQ:AVGO), a Delaware corporation headquartered in San Jose, CA, and a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2023 financial results and business outlook on Thursday, August 31, 2023 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook. Date: Thursday, August 31, 2023 Time: 2:00 PM (PT); 5:00 PM (ET) To Listen via Telephone: Preregistration is required by the conference call oper
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PALO ALTO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced that momentum continues to build in support of its vision of enabling AI infrastructure through a combination of open standards, scalability, and power efficient solutions. Broadcom will highlight advancements across the areas via a series of presentations, product demonstrations, and other forums at the 2024 Open Compute Project (OCP) Global Summit. The 2024 Summit takes place in San Jose, Calif. from Oct. 15-17. Highlights regarding Broadcom's participation in this year's Global Summit can be found here. "AI is at an inflection point in our industry that will change our lives and the
PALO ALTO, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced the general availability of the BCM68660 and BCM55050, the industry's first merchant silicon 50G PON Optical Line Terminal-Optical Network Unit (OLT-ONU) devices with an embedded neural processing unit (NPU), designed to accelerate artificial intelligence (AI) and machine learning (ML) at the edge and enable telecom operators to drive new applications on 50G fiber broadband networks. The BCM68660 standalone 50G PON OLT SoC interoperates with the BCM55050 50G PON ONU and other available ITU standards-based 50G ONUs, providing telecom operators a complete end-to-end 50G PON ecosystem of solutions
Embedded AI/ML Capabilities to Improve Performance and Reliability, Create Economies of Scale and Chart a Path to 25Gbps Future Over Existing Network Infrastructure PALO ALTO, Calif. and STAMFORD, Conn. and PHILADELPHIA, Sept. 25, 2024 /PRNewswire/ -- Broadcom Inc., Charter Communications, and Comcast today announced a joint development of Unified DOCSIS chipsets for network nodes, smart amps, and cable modems, enabling both FDX and ESD versions of the DOCSIS 4.0 specification, and setting the stage to deliver upwards of 25 Gbps speeds over existing networks. This specification brings together all the benefits of both DOCSIS ESD and DOCSIS FDX and includes support for both mid-split and high
PALO ALTO, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ:AVGO) today announced the general availability of Sian™2, 200 Gbps per lane (200G/lane) PAM-4 DSP PHY. Sian2 features 200G/lane electrical and optical interfaces to augment the Sian DSP that supports 100 Gbps electrical and 200Gbps optical interfaces. Sian and Sian2 DSPs enable pluggable modules with 200G/lane interfaces that are foundational to connect next generation AI clusters. AI cluster sizes and cluster performance needs are growing dramatically to support exploding AI model sizes. High performance, low latency, and resilient connectivity are vital for the scale-up and scale-out of next generation AI cluste
Leading-Edge Wi-Fi 7 RF FEMs based on Tower's Advanced 300mm RFSOI Technology Deliver Enhanced Mobile Connectivity Performance and Efficiency MIGDAL HAEMEK, Israel, Sept 10, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced the production of Wi-Fi 7 RF front-end module (FEM) devices based on its advanced 300mm RFSOI technology. Partnering with Broadcom Inc. (NASDAQ:AVGO), Tower has enabled fully integrated Wi-Fi FEM devices on a single RFSOI die. This innovative solution delivers superior performance and efficiency compared to existing non-SOI technologies, setting a new standard in the market fo
Revenue of $13,072 million for the third quarter, up 47 percent from the prior year periodGAAP net loss of $1,875 million for the third quarter (1); Non-GAAP net income of $6,120 million for the third quarterAdjusted EBITDA of $8,223 million for the third quarter, or 63 percent of revenueGAAP diluted loss per share of $0.40 for the third quarter; Non-GAAP diluted EPS of $1.24 for the third quarterCash from operations of $4,963 million for the third quarter, less capital expenditures of $172 million, resulted in $4,791 million of free cash flow, or 37 percent of revenueQuarterly common stock dividend of $0.53 per shareFourth quarter fiscal year 2024 revenue guidance of approximately $14.0 bil
LAS VEGAS, Aug. 28, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 -- Broadcom Inc. (NASDAQ:AVGO) today announced the launch of Rally® Anywhere, the on-premises offering of Rally, its industry-leading enterprise agility platform. Designed to meet the unique needs of global organizations, Rally Anywhere enables teams to plan, prioritize, manage, track, and measure at every level of the organization to deliver maximum customer value while remaining compliant with strict data sovereignty policies and heightened security demands. "We are committed to empowering enterprise teams with the tools they need to succeed, and Rally Anywhere exemplifies this commitment. With its focus on enterpris
LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 -- At VMware Explore 2024 Las Vegas, Broadcom Inc. (NASDAQ:AVGO) today unveiled VMware Cloud Foundation (VCF) 9, the future of VCF that will accelerate customers' transition from siloed IT architectures to a unified and integrated private cloud platform that lowers cost and risk. VMware Cloud Foundation 9 will radically simplify the deployment, consumption and operations of a secure and cost-effective private cloud. VMware Cloud Foundation is the industry's first private cloud platform to deliver public cloud scale and agility with private cloud security, resilience and performance, and low overall total cost of ownership.
LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 – Broadcom Inc. (NASDAQ:AVGO) announced VMware Tanzu Platform 10, a cloud native application platform that accelerates software delivery, providing platform engineering teams enhanced governance and operational efficiency while reducing toil and complexity for development teams. The company also introduced Tanzu AI Solutions, a set of capabilities within Tanzu Platform that help application teams deliver GenAI-powered, intelligent applications quickly, safely, and at scale. Tanzu Platform 10 and VMware Cloud Foundation now provide the fastest path to a complete private cloud with a self-configuring setup experience and suppor
LAS VEGAS, Aug. 27, 2024 (GLOBE NEWSWIRE) -- VMware Explore 2024 -- Broadcom Inc. (NASDAQ:AVGO), which recently acquired VMware, today announced developments across its Software-Defined Edge product portfolio to enable enterprises to support Edge AI workloads via new and enhanced connectivity, deployment, and lifecycle management capabilities, including: Combined Fixed Wireless Access (FWA) and satellite connections support in the VMware VeloCloud Edge 710 appliance as well as the new VMware VeloCloud Edge 720 and 740 appliances.VMware VeloCloud SASE, secured by Symantec enhancements featuring the integration of VeloCloud and Symantec points of presence (PoPs).VMware Edge Compute Stack pr