NASDAQ:AVGO - Broadcom Stock Price, Forecast & News

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

Broadcom announced a quarterly dividend on Thursday, December 12th. Investors of record on Monday, December 23rd will be given a dividend of $3.25 per share on Tuesday, December 31st. This represents a $13.00 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Broadcom's previous quarterly dividend of $2.65. View Broadcom's Dividend History.

Broadcom declared that its Board of Directors has authorized a share repurchase program on Thursday, April 12th 2018, which allows the company to buyback $12,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 12.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 EPS for the quarter, topping the consensus estimate of $5.35 by $0.04. The semiconductor manufacturer earned $5.78 billion during the quarter, compared to the consensus estimate of $5.74 billion. Broadcom had a return on equity of 46.16% and a net margin of 12.06%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $5.85 earnings per share. View Broadcom's Earnings History.

Broadcom is scheduled to release their next quarterly earnings announcement on Thursday, March 12th 2020. View Earnings Estimates for Broadcom.

Broadcom will be holding an earnings conference call on Thursday, March 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Broadcom issued an update on its FY 2020 After-Hours earnings guidance on Thursday, December, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $24.5-25.5 billion, compared to the consensus revenue estimate of $23.26.

33 analysts have issued 12-month price objectives for Broadcom's shares. Their forecasts range from $253.03 to $385.00. On average, they anticipate Broadcom's stock price to reach $335.93 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Broadcom.

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 26 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Broadcom.

News articles about AVGO stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Broadcom earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned media stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Broadcom.

Broadcom saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,510,000 shares, an increase of 7.4% from the January 15th total of 4,200,000 shares. Based on an average daily volume of 2,390,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.2% of the company's stock are sold short. View Broadcom's Current Options Chain.

Some companies that are related to Broadcom include Altair Engineering (ALTR), Ambarella (AMBA), Alpha and Omega Semiconductor (AOSL), Entropic Communications (ENTR), Intermolecular (IMI), Analog Devices (ADI), CEVA (CEVA), Cirrus Logic (CRUS), Cree (CREE), Cypress Semiconductor (CY), Diodes (DIOD), DSP Group (DSPG), First Solar (FSLR), GSI Technology (GSIT) and Inphi (IPHI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Broadcom investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Walt Disney (DIS), Home Depot (HD), Cisco Systems (CSCO), Intel (INTC), QUALCOMM (QCOM) and salesforce.com (CRM).

Broadcom's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (4.11%), Bank of New York Mellon Corp (0.95%), FMR LLC (0.92%), Jennison Associates LLC (0.68%), UBS Asset Management Americas Inc. (0.51%) and Amundi Pioneer Asset Management Inc. (0.48%). Company insiders that own Broadcom stock include Bryan Ingram, Charlie B Kawwas, Donald Macleod, Hock E Tan, Kirsten M Spears, Lake Group LLC Silver, Lewis C Eggebrecht, Mark David Brazeal and Thomas H Krause. View Institutional Ownership Trends for Broadcom.

AVGO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Lyrical Asset Management LP, Bank of New York Mellon Corp, UBS Asset Management Americas Inc., Victory Capital Management Inc., Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd and MERIAN GLOBAL INVESTORS UK Ltd. Company insiders that have sold Broadcom company stock in the last year include Bryan Ingram, Charlie B Kawwas, Hock E Tan, Kirsten M Spears, Mark David Brazeal and Thomas H Krause. View Insider Buying and Selling for Broadcom.

AVGO stock was purchased by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Amundi Pioneer Asset Management Inc., GQG Partners LLC, DekaBank Deutsche Girozentrale, MUFG Securities EMEA plc, Franklin Resources Inc., Prudential Financial Inc. and Barrow Hanley Mewhinney & Strauss LLC. View Insider Buying and Selling for Broadcom.

Shares of AVGO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AVGO stock can currently be purchased for approximately $317.77.

Broadcom has a market capitalization of $126.41 billion and generates $22.60 billion in revenue each year. The semiconductor manufacturer earns $2.72 billion in net income (profit) each year or $17.41 on an earnings per share basis. Broadcom employs 19,000 workers across the globe.View Additional Information About Broadcom.