Broadcom Inc. Announces Second Quarter Fiscal Year 2021 Financial Results and Quarterly Dividends
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June 4, 2021 8:45 AM EDT
UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $530.00) while maintaining a Buy rating.
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June 4, 2021 7:00 AM EDT
Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $540.00) while maintaining a Buy rating.
The analyst commented, "Another solid beat and raise driven by hyperscale, cloud, resurgence in broadband, and stronger than expected wireless. The Broadcom team, first... More
June 4, 2021 6:58 AM EDT
Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $3.60 per share, or $14.4 annualized.
The dividend will be payable on June 30, 2021, to stockholders of record on June 22, 2021, with an ex-dividend date of June 21, 2021.
The annual yield on the dividend is 3.1 percent.
For a... More
June 4, 2021 6:34 AM EDT
Mizuho Securities analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $520.00 (from $490.00) while maintaining a Buy rating.
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June 3, 2021 4:16 PM EDT
Broadcom (NASDAQ: AVGO) reported Q2 EPS of $6.62, $0.20 better than the analyst estimate of $6.42. Revenue for the quarter came in at $6.61 billion versus the consensus estimate of $6.51 billion.
GUIDANCE:
Broadcom sees Q3 2021 revenue of $6.75 billion, versus the consensus of $6.59 billion.
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