Broadcom Limited (AVGO) PT Raised to $720 at Jefferies

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Go back to Broadcom Limited (AVGO) PT Raised to $720 at Jefferies

Broadcom Inc. Announces $10 Billion Share Repurchase Authorization

December 9, 2021 4:16 PM EST

SAN JOSE, Calif., Dec. 9, 2021 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced its Board of Directors has authorized the repurchase of up to $10 billion of its common stock under a new share repurchase program. The authorization is effective until December 31, 2022.

"The initiation of a new share repurchase program reflects the confidence of the Board of Directors in Broadcom's strong cash flow generation and provides us with a complementary tool to deliver value to our... More