BUZZ-Broadcom rises on $10 bln stock buyback plans

Reuters
04/08
BUZZ-Broadcom rises on $10 bln stock buyback plans

** Broadcom's AVGO.O shares up 3% to $158.77 in post-market trading as chipmaker looks to buy back some of its stock

** Palo Alto, California-based firm announces new $10 bln share repurchase program through Dec 31, 2025

** Co says program reflects board's confidence in the strength of its diversified semiconductor and infrastructure software product franchises

** AVGO shares finished session up 5.4% at $154.14 on Mon, snapping 2-day losing streak as equities gyrated amid escalation of trade wars .N

** With 4.7 bln shares outstanding, co has roughly $725 bln market cap, per LSEG data

** YTD, stock down 33.5% vs Philadelphia semiconductor index's .SOX ~26% decline and S&P 500 Tech sector's .SPLRCT 22.5% drop

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10