Broadcom Ltd Company Profile (NASDAQ:AVGO)

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

Broadcom Ltd declared a quarterly dividend on Thursday, March 2nd. Stockholders of record on Monday, March 20th will be given a dividend of $1.02 per share on Friday, March 31st. This represents a $4.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 16th. View Broadcom Ltd's Dividend History.

Broadcom Ltd (NASDAQ:AVGO) released its quarterly earnings data on Wednesday, March, 1st. The company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.02 by $0.61. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.08 billion. Broadcom Ltd had a positive return on equity of 22.77% and a negative net margin of 13.13%. The company's quarterly revenue was up 132.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 EPS. View Broadcom Ltd's Earnings History.

Broadcom Ltd is scheduled to release their next quarterly earnings announcement on Thursday, June, 1st 2017. View Earnings Estimates for Broadcom Ltd.

36 equities research analysts have issued 1-year target prices for Broadcom Ltd's shares. Their forecasts range from $190.00 to $265.00. On average, they expect Broadcom Ltd's stock price to reach $232.96 in the next twelve months. View Analyst Ratings for Broadcom Ltd.

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

• 1. According to Zacks Investment Research, "Broadcom is expected to enjoy synergistic benefits from the merger with Avago, which will continue to drive profitability. This was evident from the  first-quarter fiscal 2017 results. Management reiterated its long-term view based on the synergies from Avago and Brocade acquisitions. We note that the company’s divestiture of some of the Brocade’s assets to ARRIS International will accelerate the acquisition process as well as lower leverage. The company has also agreed to divest Brocade’s data-center switching, analytics and routing business for an all-cash deal worth $55 million. We note that the stock has outperformed the broader market on a year-to-date basis. However, weakness in wireless and enterprise storage businesses is a major concern." (5/2/2017)
• 2. 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)
• 3. 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)
• 4. Wells Fargo & Co analysts commented, "Broadcom is, in our view, doing very well in terms of top-line momentum, though the GAAP gross margin is trending downward. Our FY17 GAAP EPS estimate increases to $3.09 from $1.59 and our FY18 GAAP EPS estimate increases to $6.99 from $2.30, though our adjusted EPS numbers (which back out some acquisition amortization) fall in FY17 and increase in FY18. We are increasing our valuation range to the $200-$230 range from the $150-$180 range previously. Our revised valuation range is based on roughly 21-24x our adjusted FY18 EPS estimate of $9.39." (3/2/2017)
• 5. Jefferies Group LLC analysts commented, "AVGO beat & raised and reiterated its commitment to dividend growth. We model AVGO's FCF to nearly double in FY17 to $5.3 billion, and based on its capital return framework, we expect its dividend/shr to increase by as much as 50% over the next 12 months. We've shown that high FCF growth leads to outperformance and increased capital return translates to P/E expansion. We further estimate its BRCD acquisition could add up to $1.25 in EPS. Reiterate Buy rating." (3/2/2017)

Some companies that are related to Broadcom Ltd include Intel (INTC), Texas Instruments Incorporated (TXN), NXP Semiconductors NV (NXPI), STMicroelectronics NV (STM), Maxim Integrated Products (MXIM), Freescale Semiconductor Ltd (FSL), Advanced Micro Devices (AMD), Qorvo (QRVO), ON Semiconductor Corp (ON), Cavium (CAVM), Cypress Semiconductor (CY), MACOM Technology Solutions Holdings (MTSI), AU Optronics Corp (AUO), Integrated Device Technology (IDTI), Vishay Intertechnology (VSH), Mellanox Technologies (MLNX), Inphi (IPHI) and FormFactor (FORM).

Broadcom Ltd'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 Ltd's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.00%), BlackRock Inc. (0.00%), FMR LLC (0.00%), State Street Corp (3.94%), Ameriprise Financial Inc. (1.84%) and Wellington Management Group LLP (0.00%). Company insiders that own Broadcom Ltd 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 Ltd.

Broadcom Ltd's stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Janus Capital Management LLC, Point72 Asset Management L.P., Bank of New York Mellon Corp, Winslow Capital Management LLC, FMR LLC, Boston Partners and CI Global Investments Inc.. Company insiders that have sold Broadcom Ltd 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 Ltd.

Broadcom Ltd's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Jennison Associates LLC, Vanguard Group Inc., Wellington Management Group LLP, Pioneer Investment Management Inc., TIAA CREF Investment Management LLC, Cantillon Capital Management LLC and State Street Corp. View Insider Buying and Selling for Broadcom Ltd.

Shares of Broadcom Ltd 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 Ltd stock can currently be purchased for approximately $241.21.