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Broadcom (AVGO-Q)
134 watching
NASDAQ:AVGO
598.70
13.02
(2.22%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 26, 2023, 8:59 pm
0
BUY
Likes it. A leader, massive company. Performs reasonably well compared to peers. 75% of revenue comes from semis, 25% from infrastructure software. He picked ORCL instead. Fantastic CEO, Q3 record revenues. Pretty decent dividend of 2.4%. (Analysts’ price target is $685.00)
0
COMMENT
Develops and manufacturers semiconductor and infrastructure software products for networking, wireless, and broadband. 75% of revenue is from semi side, 25% is from infrastructure software side. (Analysts’ price target is $685.00)
0
BUY
She can't believe it trades at 11.6x earnings and pays a 3.5% dividend and yet is down 35% this year. It has not been spared. She likes their mix of AI, cloud computing and data centre. Likes this mix of revenues which will help margins. She doesn't see excess inventory from them. They generate $16 billion of free cash flow a year, so they can buyback shares, raise their dividend and buy companies.
0
TOP PICK
Company has evolved to have market leadership (#1 or #2) in in each product segment.
Supplies key chips to Apple and other tech companies.
End markets are tilted towards cloud and data centers.
High end smart phone market holding up well.
Good at executing M&A activity.
0
WAIT
Good CEO, very good company. Passive fund flows ran the sector up. Valuation is being reevaluated. Wait until you see a floor during a recession. When you buy, buy for the long term.
0
TOP PICK
Broadcom Inc., a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Broadcom Inc solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. Social media mentions are up 400% in the past 24h.
0
$500.890
Unknown
WAIT
AVGO vs. ASML Both are great. AVGO is semiconductors, and ASML is semiconductor equipment. China, Europe, and the US are looking to build out foundry capacity. Longer term, it means a lot of capacity is coming online. Short term, it's good for equipment companies. Longer term, we'll have a glut, and this will be a structural challenge. Day trade the sector. High likelihood of price moving down due to price wars. He owns Samsung.
0
PAST TOP PICK
(A Top Pick Aug 30/21, Up 6%) A stable semi stock and trades cheaply at 13x 2022 PE and pays a 3.2% dividend. They grow by acquiring. They make chips for anything involving communications. They recently bought VMware. Well-managed company. Hoping to still own it. Lots of opportunity here.
0
BUY
They've succeeded the last decade by fining less-competitive markets in memory and storage for semis, so it's less volatile than tech. Meanwhile, they're adding a software strategy by buying slow-growth infrastructure companies, which overlaps their existing customer base in networking and infrastructure, so this reduces their sales costs. They just bought VMware which will be accretive. Great stock, though he has taken some profits recently. Tech is still attractive.
0
HOLD
They make chips that fit into many applications, like cars. Their 12-month outlook remains pretty good, but worries that microchips are cyclical. So, 12-24 months demand for chips could decline. This is okay for the next 6 months if you already hold, but wouldn't buy more now. He's slightly down on this name, but is confident this will return to new highs.
0
PAST TOP PICK
(A Top Pick Sep 28/20, Up 81%) The specialty chipmakers have done very well as demand remains high. Happy to own this.
0
BUY
A case where a stock goes down only due to an extraneous reason. They're struggling to meet strong demand. They're buying back shares. He admires the CEO. Sales and earnings are powerful now.
0
TOP PICK
Semis are the most important building blocks of the global economy. About 72-73% of revenue from chips, rest from software. Sells into a broad range of industries. Great recurring revenue. In reflation, you need rising dividends to offset rising rates, and this is a great way to do that instead of a utility or telecom. Yield is 2.66%, growing at 15-20% a year. (Analysts’ price target is $555.34)
0
BUY
It has a really great management team. They make wireless chips for iPhone, lots of products for data centers and are the epicenter for a lot of big growth projects. They layer acquisitions on top of all this. They are now looking to make another acquisition.
0
BUY on WEAKNESS
Into networking, wireless, and broadband, which feeds into data centres that are going strong. 12-month price target of $535, so not much runway. 75% revenues from semis, 25% from software. His buying levels are at $478, and 453. Decent dividend of 2.9%.
0
Broadcom(AVGO-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
Broadcom(AVGO-Q) Frequently Asked Questions
What is Broadcom stock symbol?
Broadcom is a American stock, trading under the symbol AVGO-Q on the NASDAQ (AVGO). It is usually referred to as NASDAQ:AVGO or AVGO-Q
Is Broadcom a buy or a sell?
In the last year, 5 stock analysts published opinions about AVGO-Q. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Broadcom.
Is Broadcom a good investment or a top pick?
Broadcom was recommended as a Top Pick by on . Read the latest stock experts ratings for Broadcom.
Why is Broadcom stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Broadcom worth watching?
5 stock analysts on Stockchase covered Broadcom In the last year. It is a trending stock that is worth watching.
What is Broadcom stock price?
On 2023-01-26, Broadcom (AVGO-Q) stock closed at a price of $598.7.
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