Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results and Quarterly Dividends

Broadcom Limited (AVGO) PT Raised to $365 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $365.00 (from $340.00) while maintaining a Buy rating.

The analyst commented, "AVGO reported an in-line OctQ with strength in storage and software and guided F20E top... More

Broadcom Limited (AVGO) PT Raised to $400 at Baird

Baird analyst Tristan Gerra raised the price target on Broadcom Limited (NASDAQ: AVGO) to $400.00 (from $320.00) while maintaining a Outperform rating following results.

The analyst commented, "Reiterating Outperform rating on strong FCF and multiple expansion drivers, management's ongoing focus on the highest-profit and growth... More

Broadcom Limited (AVGO) PT Raised to $310 at Cowen

Cowen analyst Matthew Ramsay raised the price target on Broadcom Limited (NASDAQ: AVGO) to $310.00 (from $285.00) while maintaining a Market Perform rating following results.

The analyst commented, "We remain positive on the company's core networking business, but deviating strategic focus towards low-growth software... More

Broadcom (AVGO) Raises Quarterly Dividend 22.6% to $3.25; 4% Yield

Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $3.25 per share, or $13 annualized. This is a 22.6% increase from the prior dividend of $2.65.

The dividend will be payable on December 31, 2019, to stockholders of record on December 23, 2019, with an ex-dividend date of December 20,... More

Broadcom (AVGO) Tops Q4 EPS by 4c, FY20 Revenue Guidance Beats

Broadcom (NASDAQ: AVGO) reported Q4 EPS of $5.39, $0.04 better than the analyst estimate of $5.35. Revenue for the quarter came in at $5.78 billion versus the consensus estimate of $5.74 billion.

GUIDANCE:

Broadcom sees FY2020 revenue of $25 billion, versus the consensus of $23.26... More