Broadcom Inc (NASDAQ:AVGO)’s traded shares stood at 2.6 million during the latest session, with the company’s beta value hitting 1.19. At the last check today, the stock’s price was $173.76, to imply an increase of 1.82% or $3.1 in intraday trading. The AVGO share’s 52-week high remains $185.16, putting it -6.56% down since that peak but still an impressive 53.45% since price per share fell to its 52-week low of $80.89. The company has a valuation of $811.56B, with an average of 30.44 million shares in intraday trading volume over the past 10 days and average of 30.14 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Broadcom Inc (AVGO), translating to a mean rating of 1.46. Of 27 analyst(s) looking at the stock, 0 analyst(s) give AVGO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 26 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.38.
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Broadcom Inc (NASDAQ:AVGO) trade information
After registering a 1.82% upside in the latest session, Broadcom Inc (AVGO) has traded red over the past five days. The 5-day price performance for the stock is -2.43%, and 12.74% over 30 days. With these gigs, the year-to-date price performance is 55.66%. Short interest in Broadcom Inc (NASDAQ:AVGO) saw shorts transact 55.65 million shares and set a 1.97 days time to cover.
The extremes give us $58 and $240 for target low and target high price respectively. As such, AVGO has been trading -38.12% off suggested target high and 66.62% from its likely low.
Broadcom Inc (AVGO) estimates and forecasts
Looking at statistics comparing Broadcom Inc share performance against respective industry, we note that the company has outperformed competitors. Broadcom Inc (AVGO) shares are 31.89% up over the last 6 months, with its year-to-date growth rate higher than industry average at 13.95% against -4.00%. Revenue is forecast to grow 24.30% this quarter before jumping 32.70% for the next one. The rating firms project that company’s revenue will grow 44.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 29 analysts is 14.04B. Meanwhile, for the current quarter, a total of 25 analyst(s) estimate revenue growth to 14.65B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 2.37% for the past 5-year period. While 2024 is set for a 14.51% return in earnings, projections for the next 5 years are at 19.90% annually.
AVGO Dividends
Broadcom Inc has its next earnings report out on 2024-Dec-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Broadcom Inc has a forward dividend ratio of 2.10, with the share yield ticking at 1.21% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.77%.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Broadcom Inc insiders hold 2.02% of total outstanding shares, with institutional holders owning 78.42% of the shares at 80.04% float percentage. In total, 78.42% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 44.82 million shares (or 9.6389% of shares), all amounting to roughly $71.96 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 34.2 million shares, or about 7.3549% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $54.91 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Broadcom Inc (AVGO) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 146.4 shares. This is just over 3.13% of the total shares, with a market valuation of $25.35 billion. Data from the same date shows that the other fund manager holds a little less at 111.8, or 2.39% of the shares, all valued at about 19.36 billion.
