I Update My Recommendation on Broadcom Stock | AVGO Stock Analysis | AVGO Stock Update | $AVGO STock

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브로드컴 2023 회계연도 2분기 실적 리뷰: 매출 8% 증가 87억 달러, EPS 8.15달러(전년 5.93달러). 반도체 매출 68억 달러(+9%), 인프라 매출 19억 달러(+3%). 영업현금흐름 45억 달러, 3분기 매출 가이던스 89억 달러, 자사주 34억 달러 매입, 분기 배당 주당 4.60달러. 주가가 최근 수개월 중 가장 비싸고 포워드 PER 기준 역사적으로 고점권이라 차익실현 권고.

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01. hey everyone broadcom ticker symbol avgo reported fiscal year 2023 second quarter earnings results that have sent the stock soaring so in this video I'm going to review its latest Financial results and I'm going to update my recommendation coming into this quarter I had the stock rated as a buy and I will provide you with an update on that recommendation let you know if it's changed by the end of this video so let's get right into it so Revenue increased by eight percent to 8.7 billion earnings per share jumped to eight dollars and 15 cents up from 5.93 in the same quarter the prior year the company had benefited from a long backlog of orders during the that stemmed from the earlier parts of the pandemic when there were shortages for semiconductors the company is still fulfilling a lot of those orders and it's benefiting from a strong environment for semiconductors in fact semiconductive Revenue was up by nine percent to 6.8 billion while its infrastructure Revenue was only up by three percent to 1.9 billion that truly shows and highlights just how strong semiconductor business has been for broadcom cash flow from operations increased to 4.5 billion that was up from 4.2 billion year over year broadcom is forecasting third quarter revenue of 8.9 billion which would be an incremental increase from this quarter and sustains the Healthy Growth for broadcom in the current year broadcom repurchased 3.4 billion dollars of stock in the current quarter when management is repurchasing its own stock that tells me that management thinks that its stock is undervalued although the record for Management stock BuyBacks is questionable in terms of whether that has come at a time when the stock price is at two expensive levels or inexpensive levels still when management is repurchasing shares I like to see that it shows confidence in the company it's something that encourages me as a potential investor broadcom also approved the quarterly cash dividend the four dollars and sixty cents per share payable on June 30th so the company is delivering nice dividends per share in addition to stock price gains so to answer the question is broadcom stock still a Buy in my book is it a good dividend stock to buy I'm going to update my recommendation and say it's time to take profits in the stock it's if you've owned the stock from the time I recommended it which was earlier in the year you're up very nicely so far so I would say time to take profits the stock is more expensive than it's been in recent months I would say in the last couple of years the stock is mostly the most expensive it's been looking at it on a forward p e basis so if you've got those gains and the stock is not cheap anymore it's it's a good it's a reasonable time to take profits the company's not going to be in this environment that's been very favorable for its business for the last couple of years that's likely to change in the near to longer term I agree semiconductors are catching a nice tailwind and the rise of artificial intelligence is only fueling that growth but it's not just going to be broadcom that benefits from that it's going to be an industry-wide phenomenon so if you've been in this stock you've got nice profits in there it's a good time to take profits if not it's a good time to wait and wait for the stock price to come down a little bit before you go into broadcom stock all right so