Broadcom Limited (NASDAQ:AVGO) declared a quarterly dividend on Monday, December 4th, NASDAQ reports. Shareholders of record on Tuesday, December 19th will be paid a dividend of 1.75 per share by the semiconductor manufacturer on Friday, December 29th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Monday, December 18th. This is an increase from Broadcom’s previous quarterly dividend of $1.02.

Shares of Broadcom (NASDAQ AVGO) traded down $1.25 on Wednesday, hitting $258.70. The company’s stock had a trading volume of 2,853,900 shares, compared to its average volume of 2,808,147. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.80 and a current ratio of 6.39. The firm has a market cap of $106,054.25, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. Broadcom has a one year low of $173.31 and a one year high of $285.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.07. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.84 billion. Broadcom had a return on equity of 28.61% and a net margin of 10.18%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.47 EPS. analysts anticipate that Broadcom will post 16.99 earnings per share for the current year.

In other news, SVP Bryan Ingram sold 794 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $258.60, for a total value of $205,328.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total value of $693,747.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,389 shares of company stock valued at $25,712,376. Insiders own 3.60% of the company’s stock.

AVGO has been the topic of several research reports. Vetr raised Broadcom from a “hold” rating to a “buy” rating and set a $261.95 price target on the stock in a research report on Monday, August 28th. Royal Bank of Canada reissued a “buy” rating and set a $285.00 price target (up from $270.00) on shares of Broadcom in a research report on Saturday, August 26th. B. Riley reissued a “buy” rating and set a $305.00 price target on shares of Broadcom in a research report on Thursday, August 31st. Nomura upped their price objective on Broadcom to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Mizuho upped their price objective on Broadcom from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Four equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $303.13.

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About Broadcom

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Dividend History for Broadcom (NASDAQ:AVGO)

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