Broadcom Limited Company Profile (NASDAQ:AVGO)

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

Broadcom Limited announced a quarterly dividend on Wednesday, August 30th. Stockholders of record on Tuesday, September 19th will be given a dividend of $1.02 per share on Friday, September 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, September 18th. View Broadcom Limited's Dividend History.

Broadcom Limited (NASDAQ:AVGO) posted its earnings results on Thursday, August, 24th. The company reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. Broadcom Limited's revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. View Broadcom Limited's Earnings History.

Broadcom Limited is scheduled to release their next quarterly earnings announcement on Thursday, December, 14th 2017. View Earnings Estimates for Broadcom Limited.

31 analysts have issued 12-month target prices for Broadcom Limited's stock. Their forecasts range from $190.00 to $315.00. On average, they expect Broadcom Limited's share price to reach $278.53 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 reported impressive third-quarter fiscal 2017 results. The strong top-line growth was driven by robust performance from the wireless business, which is expected to continue in the fiscal fourth quarter. Higher dollar content at the company’s large North American smartphone customer’s (Apple) next-gen platform (iPhone) drove revenues. Robust industrial re-sales were also noticeable. Broadcom now expects fourth-quarter revenue growth to be in the double-digit range on a year-over-year basis, much similar to the second and third quarter. However, gross margin is expected to contract slightly due to unfavorable product mix (higher mix of low margin wireless business). We note that consistent results has helped the stock outperform the industry on a year-to-date basis." (8/29/2017)
• 2. Loop Capital analysts commented, "We think the modest pull-back of the stock in after-hours trading was likely due to investors’ expectations being just too frothy for a large beat and raise and has created a buying opportunity. AVGO remains one of our top big cap picks as we continue to believe it will benefit from 1) strong positioning in a diverse set of end markets, particularly mobile handsets, 2) operating leverage from improving product mix and cost synergies, and 3) accretion from the pending acquisition of Brocade (BRCD)." (8/25/2017)
• 3. B. Riley analysts commented, "We project moderate upside versus Street estimates led by Wired Infrastructure’s diversified demand and product cycle strength plus Wireless Comms upside from slightly better mid-year iPhone units plus looming 3Q17 Samsung and Apple product cycles with 40% iPhone 8 content gain. Enterprise Storage key customer revenue risks exist but are known and we believe more than offset by strength in 75%+ of the portfolio. Margins should be stellar, with 63.0%/46.0%+ in the outlook. In sum, industry’s diversified networking and communications leader seems well-positioned at mid-year into the seasonally- stronger F2H. We project $5.0B+ in F17 FCF, providing significant value creation flexibility. Wild cards linger such as BRCD $12.28 (NR) deal close timing and cash use until then. In sum we believe RILY F17 and F18 estimates of $15.90 and $17.83, respectively which exclude BRCD have an upside bias and believe positive EPS revision catalysts should persist for the Buy-rated shares trading at just 15.7x and 14.0x our F17/18 EPS with a PT of $305.00." (8/21/2017)
• 4. 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)
• 5. 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)

Some companies that are related to Broadcom Limited include Intel (INTC), NVIDIA Corporation (NVDA), Texas Instruments Incorporated (TXN), Micron Technology (MU), Analog Devices (ADI), NXP Semiconductors N.V. (NXPI), 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), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), Semiconductor Manufacturing International Corporation (SMI) and Coherent (COHR).

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, Vice President
• 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, Chief Accounting Officer, Vice President and Corporate Controller
• 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 number of of retail and institutional investors. Top institutional investors include Sit Investment Associates Inc. (0.05%), Inverness Counsel LLC NY (0.02%), Howe & Rusling Inc. (0.01%), Robeco Institutional Asset Management B.V. (0.01%), Sumitomo Life Insurance Co. (0.01%) and Arcadia Investment Management Corp MI (0.01%). 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 Sit Investment Associates Inc., Robeco Institutional Asset Management B.V., Hermes Investment Management Ltd., Exane Derivatives and Sumitomo Life Insurance Co.. 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 Howe & Rusling Inc., Rockefeller Financial Services Inc., Quantitative Systematic Strategies LLC, Quotient Investors LLC, Bridges Investment Management Inc., Inverness Counsel LLC NY, Verde Servicos Internacionais S.A. and Fulton Bank N.A.. 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 $244.24.