NASDAQ:AVGO - Broadcom Stock Price, Forecast & News

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

Broadcom declared a quarterly dividend on Thursday, December 12th. Shareholders of record on Monday, December 23rd will be paid a dividend of $3.25 per share on Tuesday, December 31st. This represents a $13.00 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Broadcom's previous quarterly dividend of $2.65. View Broadcom's Dividend History.

Broadcom declared that its board has initiated a stock repurchase program on Thursday, April 12th 2018, which permits the company to repurchase $12,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) issued its earnings results 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 analysts' expectations of $5.74 billion. Broadcom had a return on equity of 46.16% and a net margin of 12.06%. The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $5.85 EPS. 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 updated its FY 2020 After-Hours earnings guidance on Thursday, December, 12th. The company provided earnings per share (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 1-year price targets for Broadcom's stock. 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 23.2% 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 headlines about AVGO stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Broadcom earned a coverage optimism score of -4.6 on InfoTrie's scale. They also gave news stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Broadcom.

Broadcom saw a increase in short interest in 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 trading volume of 2,390,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.2% of the shares of the stock are short sold. View Broadcom's Current Options Chain.

Some companies that are related to Broadcom include Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Silicon Laboratories (SLAB).

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), QUALCOMM (QCOM), Intel (INTC) and salesforce.com (CRM).

Broadcom's stock is owned by a number of of institutional and retail investors. Top institutional investors include Capital World Investors (10.96%), Capital International Investors (7.43%), Capital Research Global Investors (6.83%), State Street Corp (4.11%), Geode Capital Management LLC (1.40%) and Bank of New York Mellon Corp (0.95%). 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., Alliancebernstein L.P., Victory Capital Management Inc., Victory Capital Management Inc. 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 acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Investec Asset Management LTD, Amundi Pioneer Asset Management Inc., GQG Partners LLC, DekaBank Deutsche Girozentrale, Macquarie Group Ltd., MUFG Securities EMEA plc and Franklin Resources Inc.. 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 $272.62.

Broadcom has a market capitalization of $108.90 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.

The official website for Broadcom is http://www.broadcom.com/.

Broadcom's mailing address is 1320 RIDDER PARK DRIVE, SAN JOSE CA, 95131. The semiconductor manufacturer can be reached via phone at 408-433-8000 or via email at [email protected]