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 annualized dividend and a dividend yield of 4.16%. 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 declared that its board has authorized a share repurchase plan on Thursday, April 12th 2018, which allows the company to buyback $12,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 12.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management 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 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 return on equity of 46.16% and a net margin of 12.06%. Broadcom's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $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 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 brokerages have issued 1-year price targets for Broadcom's shares. Their forecasts range from $253.03 to $385.00. On average, they expect Broadcom's stock price to reach $335.10 in the next twelve months. This suggests a possible upside of 7.1% 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 coverage about AVGO stock has been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative 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 nearest to five being the most favorable. Broadcom earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news headlines about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Broadcom.

Broadcom saw a drop in short interest in 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 daily volume of 2,190,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.1% of the company's shares 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 number of of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.10%), KAMES CAPITAL plc (0.07%), Advisors Capital Management LLC (0.05%), Hexavest Inc. (0.05%), Calamos Advisors LLC (0.04%) and Gateway Investment Advisers LLC (0.04%). 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, Zurcher Kantonalbank Zurich Cantonalbank, Gateway Investment Advisers LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Park National Corp OH, State of Alaska Department of Revenue, DNB Asset Management AS and NEXT Financial Group Inc. 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., Candriam Luxembourg S.C.A., Donaldson Capital Management LLC and XR Securities 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 $312.79.

Broadcom has a market capitalization of $124.42 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]