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. Stockholders 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 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Broadcom's previous quarterly dividend of $2.65. View Broadcom's Dividend History.

Broadcom declared that its Board of Directors has approved a stock repurchase program on Thursday, April 12th 2018, which authorizes the company to repurchase $12,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 12.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) issued its quarterly earnings results on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 earnings per share for the quarter, beating the Zacks' consensus estimate of $5.35 by $0.04. The semiconductor manufacturer earned $5.78 billion during the quarter, compared to analysts' expectations of $5.74 billion. Broadcom had a net margin of 12.06% and a return on equity of 46.16%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm 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 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 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 brokers have issued twelve-month 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 twelve months. This suggests a possible upside of 22.6% 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 stories about AVGO stock have trended somewhat negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Broadcom earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news headlines about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Broadcom.

Broadcom saw a increase in short interest in 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. Approximately 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), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) 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), 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 shareholders 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 $273.95.

Broadcom has a market capitalization of $109.43 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]