Broadcom Limited Company Profile (NASDAQ:AVGO)

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

Broadcom Limited announced a quarterly dividend on Friday, June 2nd. Investors of record on Monday, June 19th will be given a dividend of $1.02 per share on Friday, June 30th. This represents a $4.08 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 15th. View Broadcom Limited's Dividend History.

Broadcom Limited (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, June, 1st. The company reported $3.69 EPS for the quarter, beating the Zacks' consensus estimate of $3.50 by $0.19. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.11 billion. Broadcom Limited had a positive return on equity of 24.15% and a negative net margin of 1.54%. The firm's revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 EPS. View Broadcom Limited's Earnings History.

Broadcom Limited is scheduled to release their next quarterly earnings announcement on Thursday, August, 24th 2017. View Earnings Estimates for Broadcom Limited.

34 brokers have issued twelve-month target prices for Broadcom Limited's shares. Their predictions range from $190.00 to $305.00. On average, they anticipate Broadcom Limited's stock price to reach $262.74 in the next twelve months. 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 has outperformed the industry on a year-to-date basis. The company is benefiting from synergies it gained from the merger with Avago, which will continue to drive profitability.  We note that seasonal strength in broadband access and sustained cloud data center spending is positive. The company's expanding portfolio is a key catalyst in the long haul. The company has received U.S. antitrust approval for the buyout of Brocade Communications Systems. The deal had already received approval in Europe and Japan. We believe that this acquisition will definitely boost Broadcom’s top line growth, as it solidifies footprint in the network storage devices market. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company has positive record of earnings surprises in recent quarters. However, customer concentration is a signficant headwind." (8/17/2017)
• 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 & Company 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 Limited include Taiwan Semiconductor Manufacturing Company (TSM), Intel Corporation (INTC), NVIDIA Corporation (NVDA), Texas Instruments Incorporated (TXN), NXP Semiconductors N.V. (NXPI), Micron Technology (MU), Analog Devices (ADI), Microchip Technology Incorporated (MCHP), Xilinx (XLNX), STMicroelectronics N.V. (STM), 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) and Arrow Electronics (ARW).

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 a variety of of retail and institutional investors. Top institutional investors 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 purchased 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 $246.95.