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Broadcom Inc. (AVGO)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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⭐️ $591.00 Price Target on the $AVGO Point & Figure (P&F) Technical Indicator — which is widely used by Professional Money Managers. Very Bullish 👍
Company beats both bottom & top line. Pays excellent divi and declares one payable at end of month.
Company gives fantastic forecast. Orders exceeding expectations. Business driving on all cylinders.
BUT stock has underperformed its peers. So, of course, stock is slightly down after hours. What difference does it make if management is outperforming expectations. Who cares if it pays a $3.60 divi per quarter and will raise it at end of year like it has for the past 5 years or so. The stock trades at a very modest multiple (forward PE of around 13). Who cares! Stock is undervalued. Who cares? Wall Street just shrugs all this off and gives a price per share based on its fundamentals less than its peers. Enjoy! p.s. I am long this WINNER and will stay that way. Great company that someday Wall Street will acknowledge. And I will be there to enjoy the stock appreciation.
SAN JOSE, Calif., June 3, 2021 /PRNewswire/ -- Broadcom Inc. , a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its second quarter of fiscal year 2021, ended May 2, 2021, provided guidance for the third quarter of its fiscal year 2021 and announced its quarterly dividends.
"Due to the strength in demand for semiconductors across our multiple end markets, we delivered 20% year-over-year increase in semiconductor revenue," said Hock Tan, President and CEO of Broadcom Inc. ( AVGO ) "Our third quarter outlook projects this year-over-year growth to sustain, as we continue to see strong demand from service providers and hypercloud."
"Consolidated revenue grew 15% year-over-year and operating profit increased 25%," said Kirsten Spears, CFO of Broadcom Inc. ( AVGO ) "We generated $3.4 billion in free cash flow or 52% of revenue in the quarter, and are expecting free cash flow to remain strong in the third quarter."
The stock is a top buy in the tech hardware space, as the chip shortage is helping Broadcom inch closer to all-time high component sales last achieved back in 2018.
Strong revenue, FCF, gross margins, and dividend......what else do you want?
Price movement after an AVGO report is never representative of the numbers. This company is converting 52% of revenue to free cash flow. It’s beyond a money printing machine. Easy to be team never sell.
⭐️ $AVGO FREE CASH FLOW was $3.4 Billion or 52% of Revenues ✅ ... Definitely a Cash Flow Generation Machine 👍—> I love the Dividend Growth at $AVGO🚀💪💎🙌
⭐️ J.P. MORGAN raises BROADCOM $AVGO Price Target to $585 from $570 ... Maintains “OVERWEIGHT” Rating. $AVGO is the best “Buy & Hold” Growth & Income Stock on the market today. Do your own due diligence research before buying or selling anything. GO BIG —> GO $AVGO🚀💪💎🙌 ... Invest & Hold $AVGO and potentially “Retire Early” with the FAST GROWING DIVIDEND ✅
not much of reaction from the AH market. However with this cashflow you can bet the dividend will be going up next time by at least 10%-15%
At the moment the market is only interested in value plays not growth stocks. Inflation will erode the future earnings. No one cares about todays earnings.AVGO will be stuck in a holding pattern until some big funds start buying the stock.I am just holding for the nice dividend and buying more on dips waiting until growth is back in vogue.
@yahoofinance please correct the revenues chart.
AVGO has beaten the expected revenue target for Q2 21.
Your chart shows that AVGO has missed it!
$AVGO absoluty agree about new target $ 590 per share. Stay inside $ PLUG $NXPI $TSM $ SMH
And only recommendation. $ BIOX
Beats both TOP and BOTTOM lines....stock up over 1%
Stock should see some nice gains going forward. Tomorrow, who knows! Dividend declared. Should see another increase when announced in December 2021.
Looking for a similar bump up like NVDA. This stock actually is much better than NVDA, hell price point of it is much cheaper.
The Company's Board of Directors has approved a quarterly cash dividend on its common stock of $3.60 per share. The common stock dividend is payable on June 30, 2021 to common stockholders of record at the close of business (5:00 p.m. Eastern Time) on June 22, 2021.
Stocks have not been moving much recently with earnings announcements. I’m excited to see how AVGO does after hours tomorrow. Since I’m in a DRIP with AVGO, up or down is fine with me.
7 days till earnings call. Will we see a increase in price coming into the earnings?
anyone else having problems getting access to avgo conference call?..trying different ways with no luck..
They had some interesting insights about AVGO on (
). Definitely made me think twice about the company.
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