How to Buy Broadcom Stock
Broadcom Inc
Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.
Broadcom stock last closed at $1,337.51, up 0.35% from the previous day, and has increased 109.05% in one year. It has overperformed other stocks in the Semiconductors industry by 0.67 percentage points. Broadcom stock is currently +112.82% from its 52-week low of $628.47, and -7% from its 52-week high of $1,438.17.
At the moment, there are 463.42M shares of AVGO outstanding. The market capitalization of AVGO is $619.83B. In the past 24 hours, 1.83M AVGO shares were traded.
How to Buy Broadcom Stock
Wondering how to invest in Broadcom stock? Here's how.
- Figure out where to buy Broadcom stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Broadcom stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your details.
- Research Broadcom stock: The Broadcom ticker symbol is AVGO. Is Broadcom stock a good investment? Should you buy shares of AVGO? How do AVGO's underlying business fundamentals look? Do top analysts think Broadcom is a good buy? Why has AVGO's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if AVGO is a good stock to buy).
- Place your AVGO buy order: Decide if you will purchase AVGO shares at the current market price or use a limit order to purchase AVGO stock at a specific price.
- Track your AVGO investment: Create a watchlist to keep track of your investment in Broadcom stock.
Step 1: Figure out where to buy Broadcom stock
You will need a brokerage account in order to access the NASDAQ market and buy AVGO stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you can invest in AVGO stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
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Step 3: Deposit funds into your investment account
Now that you have filled out your info on investing apps, your next step is to transfer the money for your investment:
Check out the video below if you need help depositing funds into your new investment account.
Step 4: Research Broadcom stock
Once you have decided on the best place to buy Broadcom stock, it's crucial to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.
Broadcom shares at a glance
Fundamentals of AVGO
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on AVGO's stock page.
How is AVGO stock valued?
You can use many financial metrics, analyses, models, and charts to gauge AVGO's true value.
Using relative valuations measures:
- AVGO may be undervalued based on its P/E ratio of 48.09x, relative to Semiconductors industry P/E ratio of 65.24x
- AVGO could be overvalued based on its P/B ratio of 8.82x, relative to Semiconductors industry P/B ratio of 8.18x
- AVGO could be overvalued based on its PEG ratio of 1.41x
You can do more valuation research on AVGO's stock here.
A look at AVGO Cashflows and Balance Sheet
Positive Health Checks:
- AVGO earnings of $14.79B is not sufficient to cover its interest payments.
- AVGO's operating cash flow of $18.86B allows it to safely service it's debt of $75.90B.
- There are more short-term assets than short-term liabilities on the AVGO balance sheet.
- Total AVGO debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- AVGO profit margin has gone down from 36.6% to 29.9% in the past year.
- AVGO has a relatively high debt to equity ratio of 1.53.
- There are more long-term liabilities than short-term assets on the AVGO balance sheet.
Is AVGO stock a Buy, Hold, or Sell, according to analysts?
Out of 23 Wall Street analysts who give forecasts on AVGO, the consensus analyst rating on Broadcom is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent AVGO Analyst Forecasts
Harlan Sur, a top 3% analyst from JP Morgan reiterates AVGO with a strong buy rating and maintains their AVGO price target from $1,700.00 to $1,700.00, on Mar 21, 2024.
Hans Mosesmann, a top 1% analyst from Rosenblatt reiterates AVGO with a strong buy rating and maintains their AVGO price target from $1,500.00 to $1,500.00, on Mar 21, 2024.
Matthew Ramsay, a top 9% analyst from TD Cowen upgrades AVGO to a buy rating and raises their AVGO price target from $1,400.00 to $1,500.00, on Mar 21, 2024.
TD Cowen's Matthew Ramsay upgraded their rating on Broadcom (NASDAQ: AVGO) from Hold to Buy on 2024/03/21. The analyst also raised their price target by 7.1% from $1,400 to $1,500.
Ramsay's price target hike followed an assessment of Broadcom's presentation at its 2024/03/20 Enabling AI in Infrastructure Investor meeting.
The analyst reported that TD Cowen anticipates benefits from Broadcom's bespoke silicon, back-end AI networking, and VMWare integration synergies.
Ramsay told investors that Broadcom's non-AI semiconductor market forecasts already account for seasonality.
Notwithstanding the recent stock price surge, the analyst expressed optimism about the company's ability to sustain and diversify its development trajectory in AI computing/networking and software and, correspondingly, its potential for exceeding consensus projections.
Christopher Danely, a top 7% analyst from Citigroup maintains AVGO with a strong buy rating and raises their AVGO price target from $1,100.00 to $1,560.00, on Mar 11, 2024.
C J Muse, a top 3% analyst from Cantor Fitzgerald reiterates AVGO with a strong buy rating and maintains their AVGO price target from $1,600.00 to $1,600.00, on Mar 11, 2024.
You can dive deeper into what analysts are saying on the Broadcom stock forecast page.
AVGO Technical Indicators
AVGO Revenue
Last year, AVGO earnings were $11.63B. During the past 5 year, AVGO's earnings have gone up by 12.29% per year. This was slower than the Semiconductors industry average of 29.01%.
Last year, AVGO revenue was $38.87B. In the last 5 year, AVGO's revenue has grown by 12.77% per year. This was slower than the Semiconductors industry average of 25.48%.
Dive into AVGO's earnings and revenue performance here.
Latest Insiders Trades at AVGO
Over the past year, insiders at AVGO have sold more shares than they have bought.
Mark David Brazeal, Chief Legal Corp Affairs Ofc of AVGO, was the latest AVGO insider to sell. They sold $3,291,150.00 worth of AVGO stock on Apr 10, 2024.
Dig into more about who owns AVGO shares here.
Does AVGO stock generate passive income?
Broadcom pays a dividend of 1.47%, compared to the Semiconductors industry's average dividend yield of 9.41%. If you owned $1,000 of AVGO stock, you would have received $14.73 in the past year.
Broadcom dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Broadcom dividend yield and history here.
What others are saying about AVGO
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your AVGO buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Track your AVGO investment
Now that you own some shares in AVGO, you'll want to keep up with your investment.
Add AVGO to a watchlist to track the latest developments regarding your AVGO stock.
AVGO Feed
How to Buy Stock in Broadcom
To summarize, here are the 6 steps you need to take to buy Broadcom stock right now:
- Figure out where to buy Broadcom stock
- Open a brokerage account
- Deposit funds into your investment account
- Research Broadcom stock
- Place your AVGO buy order
- Track your AVGO investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to monitor your new investment in Broadcom, get started below.
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