BroadcomAVGO
About: 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.
Employees: 20,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5,567% more repeat investments, than reductions
Existing positions increased: 2,947 | Existing positions reduced: 52
72% more first-time investments, than exits
New positions opened: 315 | Existing positions closed: 183
4% more funds holding
Funds holding: 3,207 [Q2] → 3,339 (+132) [Q3]
4% more capital invested
Capital invested by funds: $573B [Q2] → $594B (+$21.2B) [Q3]
1% less funds holding in top 10
Funds holding in top 10: 543 [Q2] → 540 (-3) [Q3]
2% less call options, than puts
Call options by funds: $17.2B | Put options by funds: $17.5B
4.66% less ownership
Funds ownership: 78.65% [Q2] → 73.99% (-4.66%) [Q3]
Research analyst outlook
18 Wall Street Analysts provided 1 year price targets over the past 3 months
18 analyst ratings
Morgan Stanley Joseph Moore 63% 1-year accuracy 36 / 57 met price target | 20%upside $265 | Overweight Maintained | 20 Dec 2024 |
Barclays Tom O'Malley 48% 1-year accuracy 21 / 44 met price target | 7%downside $205 | Overweight Maintained | 16 Dec 2024 |
JP Morgan Harlan Sur 56% 1-year accuracy 19 / 34 met price target | 13%upside $250 | Overweight Maintained | 13 Dec 2024 |
Jefferies Blayne Curtis 50% 1-year accuracy 24 / 48 met price target | 2%upside $225 | Buy Maintained | 13 Dec 2024 |
Benchmark Cody Acree 57% 1-year accuracy 20 / 35 met price target | 15%upside $255 | Buy Reiterated | 13 Dec 2024 |
Financial journalist opinion
Based on 224 articles about AVGO published over the past 30 days
