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 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 4.18%. 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 has initiated a stock buyback 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Broadcom Inc (NASDAQ:AVGO) issued its quarterly 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 analyst estimates of $5.74 billion. Broadcom had a return on equity of 46.16% and a net margin of 12.06%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 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 equities research analysts have issued 12 month target prices 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 year. This suggests a possible upside of 8.1% 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.

Media stories about AVGO stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Broadcom earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave news headlines about the semiconductor manufacturer a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days. 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 days-to-cover 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), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Cirrus Logic (CRUS).

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), Cisco Systems (CSCO), Home Depot (HD), QUALCOMM (QCOM), Intel (INTC) and salesforce.com (CRM).

Broadcom's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Capital World Investors (10.96%), Capital International Investors (7.43%), Capital Research Global Investors (6.83%), State Street Corp (4.11%), Bank of New York Mellon Corp (0.95%) and FMR LLC (0.92%). 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, MUFG Securities EMEA plc, Franklin Resources Inc. and Prudential Financial 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 $310.75.

Broadcom has a market capitalization of $123.61 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]