- Broadcom Inc. (AVGO) ranks as the top dividend stock among hedge funds with 161 hedge fund holders
- The company reported $14.05 billion in Q4 2024 revenue, a 51% increase year-over-year
- AI-related revenue surged 220% to $12.2 billion, driven by AI XPUs and Ethernet networking solutions
- Broadcom has increased its dividend for 14 consecutive years, currently paying $0.59 quarterly with a 1.16% yield
- The company’s VMware acquisition has boosted operating margins to 70%, exceeding integration…
Article Source
https://moneycheck.com/broadcom-avgo-leads-hedge-fund-dividend-stocks-amid-ai-driven-growth/
/Broadcom%20Inc%20logo%20on%20phone%20and%20site-by%20Majahid%20Mottakin%20via%20Shutterstock.jpg?ssl=1 "Why This Analyst Just Raised Their Price Target on Broadcom Stock")
