In recent trading session, Broadcom Inc (NASDAQ:AVGO) saw 3.44 million shares changing hands at last check today with its beta currently measuring 1.18. Company’s recent per share price level of $173.87 trading at -$4.22 or -2.37% at last check today assigns it a market valuation of $812.07B. That most recent trading price of AVGO’s stock is at a discount of -6.49% from its 52-week high price of $185.16 and is indicating a premium of 53.74% from its 52-week low price of $80.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 33.11 million shares which gives us an average trading volume of 31.79 million if we extend that period to 3-months.
For Broadcom Inc (AVGO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.46. Splitting up the data highlights that, out of 27 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 26 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.38 in the current quarter.
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Broadcom Inc (NASDAQ:AVGO) trade information
Upright in the red during last session for losing -2.37%, in the last five days AVGO remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $173.87 price level, adding 3.54% to its value on the day. Broadcom Inc’s shares saw a change of 55.76% in year-to-date performance and have moved 1.62% in past 5-day. Broadcom Inc (NASDAQ:AVGO) showed a performance of 9.92% in past 30-days. Number of shares sold short was 55.65 million shares which calculate 1.97 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 190 to the stock, which implies a rise of 8.49% to its recent value today. Analysts have been projecting 58 as a low price target for the stock while placing it at a high target of 240. It follows that stock’s current price would jump 66.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 66.64% for stock’s current value.
Broadcom Inc (AVGO) estimates and forecasts
Statistics highlight that Broadcom Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 31.18% of value to its shares in past 6 months, showing an annual growth rate of 13.95% while that of industry is -6.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 44.10% from the last financial year’s standing.
29 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 14.04B for the same. And 25 analysts are in estimates of company making revenue of 14.65B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.37% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 14.51% while estimates for its earnings growth in next 5 years are of 19.90%.
AVGO Dividends
Broadcom Inc is more likely to be releasing its next quarterly report on 2024-Dec-05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.21%, the share has a forward dividend of 2.10 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.81%.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Insiders are in possession of 2.02% of company’s total shares while institution are holding 78.49 percent of that, with stock having share float percentage of 80.11%. Investors also watch the number of corporate investors in a company very closely, which is 78.49% institutions for Broadcom Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AVGO for having 44.82 million shares of worth $71.96 billion. And as of 2024-06-30, it was holding 9.6389 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 34.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3549 of outstanding shares, having a total worth of $54.91 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 146.4 shares of worth $25.41 billion or 3.13% of the total outstanding shares. The later fund manager was in possession of 111.8 shares on Jun 30, 2024, making its stake of worth around $19.41 billion in the company or a holder of 2.39% of company’s stock.
