We rank companies based on fund manager, research analyst and news sentiment
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Broadcom
AVGO

$1,282.63
3.49%
 

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

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 46 analysts
0
News positive %
of 92 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

176% more first-time investments, than exits

New positions opened: 470 | Existing positions closed: 170

59% more funds holding in top 10

Funds holding in top 10: 239 [Q3] → 381 (+142) [Q4]

45% more capital invested

Capital invested by funds: $273B [Q3] → $395B (+$122B) [Q4]

22% more repeat investments, than reductions

Existing positions increased: 1,114 | Existing positions reduced: 912

13% more funds holding

Funds holding: 2,400 [Q3] → 2,700 (+300) [Q4]

3.61% less ownership

Funds ownership: 79.24% [Q3] → 75.63% (-3.61%) [Q4]

28% less call options, than puts

Call options by funds: $6.68B | Put options by funds: $9.28B

Research analyst outlook

46 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$1,000
22%
downside
Avg. target
$1,448
13%
upside
High target
$1,720
34%
upside

46 analyst ratings

44 positive
96%
neutral
4%
negative
0%
Barclays
Tom O'Malley
17%upside
$1500
Overweight
Maintained
17 Apr 2024
Evercore ISI Group
Matthew Prisco
26%upside
$1620
Outperform
Initiated
16 Apr 2024
Deutsche Bank
Ross Seymore
17%upside
$1500
Buy
Reinstated
8 Apr 2024
Benchmark
Cody Acree
34%upside
$1720
Buy
Reiterated
21 Mar 2024
JP Morgan
Harlan Sur
33%upside
$1700
Overweight
Reiterated
21 Mar 2024

Financial journalist opinion

Based on 92 articles about AVGO published over the past 30 days