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 paid a dividend of $3.25 per share on Tuesday, December 31st. This represents a $13.00 annualized dividend and a dividend yield of 4.09%. 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 announced that its board has initiated a share repurchase program on Thursday, April 12th 2018, which permits the company to buyback $12,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

Broadcom Inc (NASDAQ:AVGO) released its quarterly earnings data on Thursday, December, 12th. The semiconductor manufacturer reported $5.39 EPS for the quarter, beating the Zacks' 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% compared to the same quarter last year. During the same quarter in the prior 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 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 brokerages have issued 12 month price objectives for Broadcom's stock. 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 5.7% 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.

News coverage about AVGO stock has been trending neutral recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Broadcom earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the semiconductor manufacturer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. 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 presently 1.9 days. Currently, 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 Altair Engineering (ALTR), Ambarella (AMBA), Alpha and Omega Semiconductor (AOSL), Entropic Communications (ENTR), Intermolecular (IMI), Analog Devices (ADI), CEVA (CEVA), Cirrus Logic (CRUS), Cree (CREE), Cypress Semiconductor (CY), Diodes (DIOD), DSP Group (DSPG), First Solar (FSLR), GSI Technology (GSIT) and Inphi (IPHI).

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), QUALCOMM (QCOM) and salesforce.com (CRM).

Broadcom's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.11%), Bank of New York Mellon Corp (0.95%), FMR LLC (0.92%), Jennison Associates LLC (0.68%), UBS Asset Management Americas Inc. (0.51%) and Amundi Pioneer Asset Management Inc. (0.48%). 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., Victory Capital Management Inc., Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd 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 Investec Asset Management LTD, Amundi Pioneer Asset Management Inc., GQG Partners LLC, DekaBank Deutsche Girozentrale, MUFG Securities EMEA plc, Franklin Resources Inc., Prudential Financial Inc. and Barrow Hanley Mewhinney & Strauss 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 $317.77.

Broadcom has a market capitalization of $126.41 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.