In the last trading session, 11.85 million Broadcom Inc (NASDAQ:AVGO) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $179.38 changed hands at -$0.61 or -0.34% during last session, the market valuation stood at $837.81B. AVGO’s last price was a discount, traded about -3.92% off its 52-week high of $186.42. The share price had its 52-week low at $81.83, which suggests the last value was 54.38% up since then. When we look at Broadcom Inc’s average trading volume, we note the 10-day average is 20.26 million shares, with the 3-month average coming to 26.82 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 (NASDAQ:AVGO) trade information

Instantly AVGO was in red as seen at the end of in last trading. With action 1.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 60.70%, with the 5-day performance at 1.93% in the green. However, in the 30-day time frame, Broadcom Inc (NASDAQ:AVGO) is 3.72% up. Looking at the short shares, we see there were 64.01 million shares sold at short interest cover period of 1.87 days.

The consensus price target for the stock as assigned by Wall Street analysts is 192.5, meaning bulls need an upside of 6.82% from its current market value. According to analyst projections, AVGO’s forecast low is 61.5 with 240 as the target high. To hit the forecast high, the stock’s price needs a -33.79% plunge from its current level, while the stock would need to tank 65.72% 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 43.60% over the past 6 months, a 13.95% in annual growth rate that is considerably higher than the industry average of -3.30%.

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 14.50%, but the outlook for the next 5-year period is at 19.88% per year.

AVGO Dividends

Broadcom Inc is expected to release its next quarterly earnings report in November. The 9.08% annual yield figure for the share gives it an annual dividend of 16.28. It is important to note, however, that the 9.08% 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 79.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.80%. There are 79.17% 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.