Broadcom (AVGO) Raises Quarterly Dividend 14.1% to $5.25; 2.3% Yield

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Go back to Broadcom (AVGO) Raises Quarterly Dividend 14.1% to $5.25; 2.3% Yield

Broadcom's (AVGO) AI tailwinds should offset semiconductor downturn - Citi

December 11, 2023 10:52 AM EST

Citi analysts resumed coverage of Broadcom (NASDAQ: AVGO) with a Buy rating and $1,100 price target in a note Monday, stating that AI tailwinds offset the semiconductor downturn.

Cit also noted the strength in the company's core business, alongside accretion from the VMware... More

Analysts defend Broadcom as annual guidance falls short after FQ4 earnings beat

December 7, 2023 4:33 PM EST

(Updated - December 8, 2023 5:39 AM EST)

Investing.com - Broadcom reported better-than-expected fourth-quarter results, but the chipmaker's guidance for annual revenue missed Wall Street estimates.

Broadcom Inc (NASDAQ: AVGO) was up 0.7% in pre-market Friday trade following the report.

Broadcom reported Q4 adjusted EPS of $11.06 on revenue of $9.30B. Analysts polled by Investing.com anticipated EPS of $10.96 on revenue... More

Broadcom (AVGO) Tops Q4 EPS by 10c, Offers Guidance

December 7, 2023 4:17 PM EST

Broadcom (NASDAQ: AVGO) reported Q4 EPS of $11.06, $0.10 better than the analyst estimate of $10.96. Revenue for the quarter came in at $9.3 billion versus the consensus estimate of $9.28 billion.

GUIDANCE:

Broadcom sees FY2024 revenue of $50 billion, versus the consensus of $50.25 billion.

Fiscal... More