Broadcom Limited Company Profile (NASDAQ:AVGO)

Broadcom Limited trades on the NASDAQ under the ticker symbol "AVGO."

Broadcom Limited declared a quarterly dividend on Wednesday, August 30th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $1.02 per share on Friday, September 29th. This represents a $4.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Monday, September 18th. View Broadcom Limited's Dividend History.

Broadcom Limited (NASDAQ:AVGO) announced its quarterly earnings data on Thursday, August, 24th. The company reported $4.10 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $4.03 by $0.07. The business earned $4.47 billion during the quarter, compared to analysts' expectations of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. Broadcom Limited's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. View Broadcom Limited's Earnings History.

Broadcom Limited is scheduled to release their next quarterly earnings announcement on Wednesday, December, 6th 2017. View Earnings Estimates for Broadcom Limited.

30 equities research analysts have issued 12 month price targets for Broadcom Limited's stock. Their forecasts range from $190.00 to $315.00. On average, they anticipate Broadcom Limited's stock price to reach $277.78 in the next year. View Analyst Ratings for Broadcom Limited.

Here are some recent quotes from research analysts about Broadcom Limited stock:

• 1. According to Zacks Investment Research, "Broadcom reported impressive third-quarter fiscal 2017 results. The strong top-line growth was driven by robust performance from the wireless business, which is expected to continue in the fiscal fourth quarter. Higher dollar content at the company’s large North American smartphone customer’s (Apple) next-gen platform (iPhone) drove revenues. Robust industrial re-sales were also noticeable. Broadcom now expects fourth-quarter revenue growth to be in the double-digit range on a year-over-year basis, much similar to the second and third quarter. However, gross margin is expected to contract slightly due to unfavorable product mix (higher mix of low margin wireless business). We note that consistent results has helped the stock outperform the industry on a year-to-date basis." (8/29/2017)
• 2. Loop Capital analysts commented, "We think the modest pull-back of the stock in after-hours trading was likely due to investors’ expectations being just too frothy for a large beat and raise and has created a buying opportunity. AVGO remains one of our top big cap picks as we continue to believe it will benefit from 1) strong positioning in a diverse set of end markets, particularly mobile handsets, 2) operating leverage from improving product mix and cost synergies, and 3) accretion from the pending acquisition of Brocade (BRCD)." (8/25/2017)
• 3. B. Riley analysts commented, "We project moderate upside versus Street estimates led by Wired Infrastructure’s diversified demand and product cycle strength plus Wireless Comms upside from slightly better mid-year iPhone units plus looming 3Q17 Samsung and Apple product cycles with 40% iPhone 8 content gain. Enterprise Storage key customer revenue risks exist but are known and we believe more than offset by strength in 75%+ of the portfolio. Margins should be stellar, with 63.0%/46.0%+ in the outlook. In sum, industry’s diversified networking and communications leader seems well-positioned at mid-year into the seasonally- stronger F2H. We project $5.0B+ in F17 FCF, providing significant value creation flexibility. Wild cards linger such as BRCD $12.28 (NR) deal close timing and cash use until then. In sum we believe RILY F17 and F18 estimates of $15.90 and $17.83, respectively which exclude BRCD have an upside bias and believe positive EPS revision catalysts should persist for the Buy-rated shares trading at just 15.7x and 14.0x our F17/18 EPS with a PT of $305.00." (8/21/2017)
• 4. Argus analysts commented, "BUY-rated Broadcom Ltd. (NGS: AVGO) opened its October 2017 fiscal year by reporting above-consensus results for fiscal 1Q17, reflecting broad-based gains across multiple markets with particular strength in enterprise storage. Broadcom is preparing to add another major storage asset when it acquires Brocade with is SAN switching business, and momentum in this space is encouraging." (3/3/2017)
• 5. Rosenblatt Securities analysts commented, "We are modeling April quarter sales and non-GAAP EPS at $3.9 billion (down 4.1% q/q) and $3.20 respectively." (3/2/2017)

Broadcom Limited saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,800,288 shares, an increase of 31.3% from the August 15th total of 2,893,938 shares. Based on an average trading volume of 3,119,332 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the shares of the stock are short sold.

Some companies that are related to Broadcom Limited include Intel Corporation (INTC), NVIDIA Corporation (NVDA), Texas Instruments Incorporated (TXN), Micron Technology (MU), NXP Semiconductors N.V. (NXPI), Analog Devices (ADI), Microchip Technology Incorporated (MCHP), STMicroelectronics N.V. (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW) and United Microelectronics Corporation (UMC).

Broadcom Limited's management team includes the folowing people:

• James V. Diller Sr., Independent Chairman of the Board
• Hock E. Tan, President, Chief Executive Officer, Director
• Thomas H. Krause Jr., Chief Financial Officer, Principal Financial Officer, Vice President - Corporate Development
• Bryan T. Ingram, Senior Vice President, General Manager - Wireless Semiconductor Division
• Charlie B. Kawwas Ph.D., Senior Vice President and Chief Sales Officer
• Henry S. Samueli Ph.D., Chief Technology Officer, Director
• Kirsten M. Spears, Principal Accounting Officer
• Patricia H. McCall, Vice President, General Counsel
• Lewis C. Eggebrecht, Independent Director
• Kenneth Y. Hao, Independent Director

Broadcom Limited's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Capital World Investors (10.67%), Capital Research Global Investors (7.29%), Vanguard Group Inc. (6.78%), BlackRock Inc. (5.89%), FMR LLC (4.22%) and State Street Corp (3.95%). Company insiders that own Broadcom Limited stock include Anthony E Maslowski, Bruno Guilmart, Bryan Ingram, Charlie B Kawwas, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lake (Offshore) Aiv Gp Silver, Lewis C Eggebrecht, Patricia H Mccall and Thomas H Krause. View Institutional Ownership Trends for Broadcom Limited.

Broadcom Limited's stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Capital Research Global Investors, FMR LLC, Capital Guardian Trust Co., Prudential PLC, Standard Life Investments LTD, Boston Partners and Victory Capital Management Inc.. Company insiders that have sold Broadcom Limited stock in the last year include Bryan Ingram, Charlie B Kawwas, Henry Samueli, Hock E Tan, Justine Lien, Kirsten M Spears, Lake (Offshore) Aiv Gp Silver, Lewis C Eggebrecht, Patricia H Mccall and Thomas H Krause. View Insider Buying and Selling for Broadcom Limited.

Broadcom Limited's stock was bought by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Ameriprise Financial Inc., Jennison Associates LLC, Janus Henderson Group PLC, BlackRock Inc., Vanguard Group Inc., Los Angeles Capital Management & Equity Research Inc. and Egerton Capital UK LLP. View Insider Buying and Selling for Broadcom Limited.

Shares of Broadcom Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Broadcom Limited stock can currently be purchased for approximately $234.72.