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 4.04%. 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 of Directors has authorized a stock repurchase plan on Thursday, April 12th 2018, which authorizes the company to buyback $12,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Broadcom Inc (NASDAQ:AVGO) announced its quarterly earnings data on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $5.35 by $0.04. The semiconductor manufacturer had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.74 billion. Broadcom had a net margin of 12.06% and a return on equity of 46.16%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $5.85 earnings per share. 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 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 12-month price targets for Broadcom's shares. Their forecasts range from $253.03 to $385.00. On average, they expect Broadcom's stock price to reach $335.93 in the next twelve months. This suggests a possible upside of 4.4% 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 somewhat negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Broadcom earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the semiconductor manufacturer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Broadcom.

Broadcom saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,200,000 shares, a drop of 10.3% from the December 15th total of 4,680,000 shares. Based on an average daily volume of 2,190,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.1% of the shares of the stock are sold short. 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), 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), Cisco Systems (CSCO), Home Depot (HD), AT&T (T), Intel (INTC) and salesforce.com (CRM).

Broadcom's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.10%), KAMES CAPITAL plc (0.07%), Strs Ohio (0.07%), Advisors Capital Management LLC (0.05%), Hexavest Inc. (0.05%) and Calamos Advisors LLC (0.04%). 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 Strs Ohio, Commerzbank Aktiengesellschaft FI, Zurcher Kantonalbank Zurich Cantonalbank, Gateway Investment Advisers LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Park National Corp OH, State of Alaska Department of Revenue and DNB Asset Management AS. 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 Hamlin Capital Management LLC, Sabal Trust CO, Mckinley Capital Management LLC Delaware, Hexavest Inc., Artemis Investment Management LLP, Johanson Financial Advisors Inc., Candriam Luxembourg S.C.A. and Donaldson Capital Management LLC. 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 $321.72.

Broadcom has a market capitalization of $127.98 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]