NASDAQ:AVGO - Broadcom Stock Price, Forecast & News

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

Broadcom announced a quarterly dividend on Thursday, December 12th. Investors 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 dividend on an annualized basis and a dividend yield of 4.57%. 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 share repurchase plan on Thursday, April 12th 2018, which permits the company to repurchase $12,000,000,000.00 in 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 plans are typically an indication that the company's management believes its stock is undervalued.

Broadcom Inc (NASDAQ:AVGO) posted its earnings results on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 earnings per share (EPS) for the quarter, topping 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 return on equity of 46.16% and a net margin of 12.06%. Broadcom's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company 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 brokers have issued 1 year target prices for Broadcom's shares. Their forecasts range from $253.03 to $385.00. On average, they anticipate Broadcom's share price to reach $335.93 in the next year. This suggests a possible upside of 18.1% 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 coverage about AVGO stock has been trending very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news 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 -3.0 on InfoTrie's scale. They also gave media coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. 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 daily volume of 2,390,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the shares of the company 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), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), 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), 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 purchased 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 $284.47.

Broadcom has a market capitalization of $113.63 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]