Buy, Sell or Hold: Broadcom (AVGO-Q) — Stock Predictions at Stockchase

NASDAQ:AVGO

477.84

7.97 (1.64%) 1d

Showing 1 to 15 of 56 entries

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.

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.

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.

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.

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.

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)

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.

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%.

BUY

$490 was the last high back in February, then traded sideways, then broke out. This can go a lot higher.

TOP PICK

A leader across the entire communication sector, set top boxes and all the things Rogers and BCE need. They have server farms and cell phones. Management has a strong record of growth, acquisitions and profitability. It generates 25% of its revenue from infrastructure software. The dividend has grown every year. He sees it growing its earnings 10% and its multiple increases 10-15%, it will generate a very nice return per annum for several years. (Analysts’ price target is $529.45)

BUY

Semiconductor companies. They a had a great run over the last decade. He prefers Broadcom. It is one of his largest holdings. He would be buying it here. He sees 3-5 years growth.

PAST TOP PICK

(A Top Pick Feb 11/20, Up 52%) They make semiconductor and networking chips. Recently they bought up legacy software companies. They roll their products into their account managers. Their gross margins have increased. It is a great capital allocation story. It is not as cheap as it was a year ago.

PAST TOP PICK

(A Top Pick Sep 28/20, Up 19%) New 3-year deal with Apple. A core holding for him.

BUY

The semis had a big rally today, and two analysts today predicted a strong report from AVGO next week. He agrees. If AVGO delivers, then the entire semi sector will rally.

BUY

Work from home triggered computer purchases, needing more semiconductors. 5G will also require semis, as well as vehicles and fridges. Semi outlook is wonderful. Intel is the only one that's struggling. He owns Broadcom, as they manufacture a lot of different components. Extremely well managed.

Showing 1 to 15 of 56 entries

Broadcom(AVGO-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 8

Stockchase rating for Broadcom is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 8 stock analysts published opinions about AVGO-Q. 7 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?

8 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 2022-07-01, Broadcom (AVGO-Q) stock closed at a price of $477.84.

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