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: 37,000
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
461% more first-time investments, than exits
New positions opened: 612 | Existing positions closed: 109
49% more funds holding in top 10
Funds holding in top 10: 543 [Q3] → 810 (+267) [Q4]
39% more capital invested
Capital invested by funds: $604B [Q3] → $839B (+$236B) [Q4]
13% more funds holding
Funds holding: 3,364 [Q3] → 3,790 (+426) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 1,483 | Existing positions reduced: 1,433
0.82% more ownership
Funds ownership: 75.12% [Q3] → 75.95% (+0.82%) [Q4]
13% less call options, than puts
Call options by funds: $22.9B | Put options by funds: $26.2B
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Morgan Stanley Joseph Moore 39% 1-year accuracy 24 / 62 met price target | 54%upside $260 | Overweight Maintained | 7 Mar 2025 |
Truist Securities William Stein 31% 1-year accuracy 11 / 36 met price target | 58%upside $267 | Buy Maintained | 7 Mar 2025 |
Cantor Fitzgerald Matthew Prisco 24% 1-year accuracy 6 / 25 met price target | 77%upside $300 | Overweight Reiterated | 7 Mar 2025 |
Mizuho Vijay Rakesh 23% 1-year accuracy 15 / 65 met price target | 48%upside $250 | Outperform Maintained | 7 Mar 2025 |
Keybanc John Vinh 25% 1-year accuracy 13 / 53 met price target | 63%upside $275 | Overweight Maintained | 7 Mar 2025 |
Financial journalist opinion
Based on 176 articles about AVGO published over the past 30 days
