Broadcom Q4 Revenue Soars 28.2% to $18 Billion and Dividend Raised to $0.65

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Broadcom reported Q4 revenue of $18.02 billion, up 28.2% year-on-year, with EPS of $1.95 beating consensus by $0.08, and declared a quarterly dividend of $0.65 per share, up from $0.59. Barclays, UBS, Oppenheimer and Piper Sandler increased price targets to $430, $450, $475 and $500, signaling upgraded valuations.

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