Broadcom Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Is Broadcom a good long-term investment?
Broadcom’s past return on equity clocks in at 26%, much higher than the tech sector at large. AVGO’s reasonable valuation, strong financial results, and growing dividend make it a good long-term stock to buy. Conservative investors might consider waiting for a pullback.
Is Broadcom a good dividend stock?
Broadcom has delivered an average of 48% per year annual increase in its dividend, based on the past 10 years of dividend payments. It’s great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
Is Broadcom profitable?
31, Broadcom (ticker: AVGO) posted revenue of $7.41 billion, up 15%, and slightly ahead of the Wall Street analyst consensus forecast at $7.36 billion. Non-GAAP profits were $7.81 a share, edging consensus of $7.74 a share. Under generally accepted accounting principles, the company earned $4.45 a share.
Is Broadcom undervalued?
Valuation metrics show that Broadcom Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of AVGO, demonstrate its potential to underperform the market.
Will Broadcom increase dividend?
Broadcom Inc. (NASDAQ:AVGO) has announced that it will be increasing its dividend on the 31st of December to US$4.10. This makes the dividend yield 2.4%, which is above the industry average.
What does Broadcom do?
Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom’s product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets.
What is Broadcom revenue?
Avago Technologies went public in 2009, trading on the Nasdaq exchange under the ticker AVGO. In a blockbuster tech deal, Avago acquired Broadcom Corporation for $37 billion in May 2015.
Is Broadcom a buy sell or hold?
Broadcom has received a consensus rating of Buy. The company’s average rating score is 2.85, and is based on 22 buy ratings, 4 hold ratings, and no sell ratings.
How often does Broadcom pay dividends?
The Company’s Board of Directors has approved a quarterly cash dividend on its common stock of $4.10 per share.
Broadcom’s poor stock performance comes as the company faces slowing earnings growth in fiscal 2019. Analysts are looking for revenue growth in 2019 to slow to just 3%, down from over 17.6% this year.