In the latest trading session, 4.92 million Broadcom Inc (NASDAQ:AVGO) shares changed hands as the company’s beta touched 1.18. With the company’s most recent per share price at $166.58 changed hands at -$5.92 or -3.43% at last look, the market valuation stands at $778.02B. AVGO’s current price is a discount, trading about -11.15% off its 52-week high of $185.16. The share price had its 52-week low at $80.89, which suggests the last value was 51.44% up since then. When we look at Broadcom Inc’s average trading volume, we note the 10-day average is 31.27 million shares, with the 3-month average coming to 30.80 million.
Analysts gave the Broadcom Inc (AVGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.46. If we narrow down to specifics, the data shows that 0 out of 27 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended AVGO as a Hold, 26 felt it is a Buy and 0 rated the stock as Underweight. Broadcom Inc’s EPS for the current quarter is expected to be 1.38.
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Broadcom Inc (NASDAQ:AVGO) trade information
Instantly AVGO was in red as seen in intraday trades today. With action -4.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 49.23%, with the 5-day performance at -4.73% in the red. However, in the 30-day time frame, Broadcom Inc (NASDAQ:AVGO) is 2.31% up. Looking at the short shares, we see there were 55.65 million shares sold at short interest cover period of 1.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 190, meaning bulls need an upside of 12.33% from its recent market value. According to analyst projections, AVGO’s forecast low is 58 with 240 as the target high. To hit the forecast high, the stock’s price needs a -44.07% plunge from its current level, while the stock would need to tank 65.18% for it to hit the projected low.
Broadcom Inc (AVGO) estimates and forecasts
Data shows that the Broadcom Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.43% over the past 6 months, a 13.95% in annual growth rate that is considerably higher than the industry average of -4.00%. Year-over-year growth is forecast to reach 44.10% up from the last financial year.
Consensus estimates given by 29 financial analysts project the company’s revenue in the current quarter to hit an average of 14.04B. 25 analysts are of the opinion that Broadcom Inc’s revenue for the current quarter will be 14.65B. The company’s revenue for the corresponding quarters a year ago was 9.29B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 51.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.37%. The 2024 estimates are for Broadcom Inc earnings to increase by 14.51%, but the outlook for the next 5-year period is at 19.90% per year.
AVGO Dividends
Broadcom Inc is expected to release its next quarterly earnings report on 2024-Dec-05. The 1.26% annual yield figure for the share gives it an annual dividend of 2.10. It is important to note, however, that the 1.26% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.77 per year.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.02% of Broadcom Inc shares while 78.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.04%. There are 78.42% institutions holding the Broadcom Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.6389% of the shares, roughly 44.82 million AVGO shares worth $71.96 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.3549% or 34.2 million shares worth $54.91 billion as of 2024-06-30.
