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 4.01%. 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 announced that its board has authorized a share repurchase program on Thursday, April 12th 2018, which allows the company to repurchase $12,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 12.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) released its quarterly earnings data on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 earnings per share (EPS) for the quarter, beating the 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%. Broadcom's revenue was up 6.1% on a year-over-year basis. During the same quarter 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 issued an update on its FY 2020 After-Hours earnings guidance on Thursday, December, 12th. The company provided earnings per share 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 1-year target prices for Broadcom's stock. 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 3.7% 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 trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Broadcom earned a news impact score of -2.7 on InfoTrie's scale. They also gave news articles about the semiconductor manufacturer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Broadcom.

Broadcom saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 4,200,000 shares, a decline 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 presently 1.9 days. Approximately 1.1% of the company's 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), 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), Intel (INTC), AT&T (T) and salesforce.com (CRM).

Broadcom's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include New York State Teachers Retirement System (0.14%), Artemis Investment Management LLP (0.10%), KAMES CAPITAL plc (0.07%), Strs Ohio (0.07%), Advisors Capital Management LLC (0.05%) and Hexavest Inc. (0.05%). 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 purchased 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., First American Bank, Artemis Investment Management LLP, Johanson Financial Advisors Inc. and Candriam Luxembourg S.C.A.. 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 $324.00.

Broadcom has a market capitalization of $128.88 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]