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. 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 4.21%. The ex-dividend date 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 has approved a share repurchase program on Thursday, April 12th 2018, which allows the company to repurchase $12,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) posted its quarterly earnings data on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.35 by $0.04. The semiconductor manufacturer earned $5.78 billion during 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 business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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 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.

32 brokers have issued 12 month price objectives for Broadcom's stock. Their forecasts range from $253.03 to $385.00. On average, they expect Broadcom's share price to reach $333.59 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Broadcom.

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last year. There are currently 7 hold ratings and 25 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 positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. 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 media sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. 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 trading 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 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), 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), Cisco Systems (CSCO), Home Depot (HD), AT&T (T), Intel (INTC) and salesforce.com (CRM).

Broadcom's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (0.10%), Advisors Capital Management LLC (0.05%), Hexavest Inc. (0.05%), Calamos Advisors LLC (0.04%), Gateway Investment Advisers LLC (0.04%) and Hamlin Capital Management LLC (0.03%). 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 Commerzbank Aktiengesellschaft FI, Gateway Investment Advisers LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Park National Corp OH, State of Alaska Department of Revenue, DNB Asset Management AS, Zeke Capital Advisors LLC and Beirne Wealth Consulting Services LLC. 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 bought by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Sabal Trust CO, Hexavest Inc., Artemis Investment Management LLP, Johanson Financial Advisors Inc., Donaldson Capital Management LLC, XR Securities LLC and Manning & Napier Group 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 $308.79.

Broadcom has a market capitalization of $122.83 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]