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AVGO

Broadcom

$327.39

7.53 (2.35%)

16:18
12/12/19
12/12
16:18
12/12/19
16:18

Broadcom raises quarterly dividend 23% to $3.25 per share

The common stock dividend is payable on December 31 to common stockholders of record at the close of business on December 23.

  • 12

    Dec

AVGO Broadcom
$327.39

7.53 (2.35%)

12/11/19
OPCO
12/11/19
NO CHANGE
Target $350
OPCO
Outperform
Broadcom price target raised to $350 from $315 at Oppenheimer
Oppenheimer analyst Rick Schafer raised his price target for Broadcom to $350 from $315 and maintained an Outperform rating ahead of the company's Q4 results on December 12. In a research note to investors, Schafer says he expects management to provide a FY20 forecast and sees positive bias to standalone consensus of $23.8B in revenue following the November 11 close of the Symantec acquisition.
12/10/19
PIPR
12/10/19
NO CHANGE
Target $345
PIPR
Overweight
Broadcom price target raised to $345 from $330 at Piper Jaffray
Piper Jaffray analyst Harsh Kumar raised his price target for Broadcom to $345 from $330 and reiterates an Overweight rating on the shares. The analyst believes Broadcom's fiscal 2020 full-year organic guidance is the most important dynamic on the upcoming earnings call. He thinks the company's organic revenue component will likely fall roughly $180M short of current Street estimates. However, he thinks data center, handsets, and to some degree storage "are primed for growth in fiscal 2020." Handsets are the biggest wild card given the ramp of both content and possibly units for 5G phones, and it could be the reason Broadcom makes current Street estimates, according to Kumar. He expects Symantec to add roughly $2.1B in revenue and $1.39 in earnings per share during fiscal 2020.
12/09/19
JPMS
12/09/19
NO CHANGE
JPMS
Broadcom advancing network chips faster than Moore's law, says JPMorgan
JPMorgan analyst Harlan Sur maintained an Overweight rating on Broadcom following the company's announcement it is sampling its next generation Tomahawk 4 cloud networking switching chip, which is a 7nm chip that doubles the switching throughput of the current generation Tomahawk 3 chipset. Sur noted that "Broadcom has driven a FASTER than Moore's law performance cadence in switching throughput over the past eight years," and added that the Tomahawk 4 and upcoming Tomahawk 5 will "deliver a 4x improvement in switching throughput through 2022-2024."
11/19/19
11/19/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Broadcom (AVGO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Craig Hettenbach saying while the stock is priced for risks associated with the Symantec deal, he has increased confidence in the company's software strategy amid what he sees as low expectations. 2. MaxLinear (MXL) upgraded to Buy from Hold at Needham with analyst N. Quinn Bolton saying the stock has "meaningfully underperformed" the broader Semiconductor index but believes that it is positioned to move higher, with market share gains expected "in microwave backhaul and the ramp of its 5G wireless transceiver." 3. Audentes Therapeutics (BOLD) upgraded to Outperform from In Line at Evercore ISI analyst Joshua Schimmer saying he is positive on the addition of new gene therapy programs for DMD and DM1, and expects it to move into the clinic next year with preliminary data by year end 2020. 4. Okta (OKTA) upgraded to Buy from Neutral at DA Davidson with analyst Andrew Nowinski saying while shares have declined 24% since the end of July, he believes the pullback represents a "good entry point" to get into one of the top Software-as-a-Service growth stocks. 5. AvalonBay (AVB) upgraded to Outperform from In Line at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AIOSF

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LGDDF

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CIOXY

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  • 28

    Jan

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HRB

H&R Block

$24.48

-0.48 (-1.92%)

04:55
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Conference/Events
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  • 20

    Jan

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    Jan

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    Jan

AMRC

Ameresco

$19.78

-0.1 (-0.50%)

04:55
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Conference/Events
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  • 20

    Jan

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    Jan

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    Jan

MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

04:55
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Conference/Events
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  • 20

    Jan

  • 29

    Jan

03:30
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FB

Facebook

$222.01

0.23 (0.10%)

16:50
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Facebook blames technical error for vulgar translation, Reuters reports »

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  • 22

    Jan

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    Jan

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:43
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Periodicals
China to increase U.S. imports according to 'market principles,' Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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16:33
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16:33
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Tesla closer to opening first European factory with property deal, Reuters says »

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  • 29

    Jan

  • 24

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  • 23

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  • 23

    Mar

JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

16:28
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JPM

JPMorgan

$138.15

0.89 (0.65%)

BNPQY

BNP Paribas

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  • 05

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

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  • 26

    Feb

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CEL

Cellcom Israel

$3.18

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VRCA

Verrica Pharmaceuticals

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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

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SO

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XEL

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

09:10
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IMAB

I-MAB

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BSBK

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Casper Sleep

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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  • 24

    Jan

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