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 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 4.25%. 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 authorized a stock repurchase program on Thursday, April 12th 2018, which authorizes the company to repurchase $12,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Broadcom Inc (NASDAQ:AVGO) announced 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 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%. Broadcom's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter 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 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.

32 brokerages have issued twelve-month price objectives for Broadcom's stock. Their forecasts range from $253.03 to $385.00. On average, they expect Broadcom's stock price to reach $333.59 in the next twelve months. This suggests a possible upside of 8.9% 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 headlines about AVGO stock have been trending positive this week, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Broadcom earned a news impact score of 3.0 on InfoTrie's scale. They also gave news coverage 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 stock's share price in the immediate future. View News Stories for Broadcom.

Broadcom saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,200,000 shares, a drop 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 short-interest ratio is currently 1.9 days. Approximately 1.1% of the shares of the company 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 shareholders 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 Donaldson 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 Gateway Investment Advisers LLC, Park National Corp OH, State of Alaska Department of Revenue, DNB Asset Management AS, Zeke Capital Advisors LLC, Beirne Wealth Consulting Services LLC, Verity & Verity LLC and Community Trust & Investment Co.. 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 Sabal Trust CO, Hexavest Inc., Artemis Investment Management LLP, Johanson Financial Advisors Inc., Donaldson Capital Management LLC, XR Securities LLC, Manning & Napier Group LLC and Sciencast Management LP. 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 $306.22.

Broadcom has a market capitalization of $121.81 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]