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)
5,672% more repeat investments, than reductions
Existing positions increased: 2,886 | Existing positions reduced: 50
31% more first-time investments, than exits
New positions opened: 310 | Existing positions closed: 237
2% more funds holding
Funds holding: 3,200 [Q2] → 3,273 (+73) [Q3]
4% more capital invested
Capital invested by funds: $573B [Q2] → $593B (+$20.2B) [Q3]
2% less call options, than puts
Call options by funds: $17.2B | Put options by funds: $17.5B
2% less funds holding in top 10
Funds holding in top 10: 542 [Q2] → 532 (-10) [Q3]
4.77% less ownership
Funds ownership: 78.64% [Q2] → 73.87% (-4.77%) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
UBS Timothy Arcuri 64% 1-year accuracy 21 / 33 met price target | 21%upside $200 | Buy Maintained | 4 Nov 2024 |
Mizuho Vijay Rakesh 49% 1-year accuracy 35 / 71 met price target | 33%upside $220 | Outperform Maintained | 14 Oct 2024 |
Cantor Fitzgerald C J Muse 48% 1-year accuracy 38 / 80 met price target | 37%upside $225 | Overweight Maintained | 8 Oct 2024 |
Truist Securities William Stein 59% 1-year accuracy 24 / 41 met price target | 24%upside $205 | Buy Maintained | 8 Oct 2024 |
UBS Timothy Arcuri 64% 1-year accuracy 21 / 33 met price target | 3%upside $170 | Buy Maintained | 9 Sept 2024 |
Financial journalist opinion
Based on 67 articles about AVGO published over the past 30 days
