Broadcom Inc (NASDAQ:AVGO) has a beta value of 1.19 and has seen 13.36 million shares traded in the last trading session. The company, currently valued at $812.21B, closed the last trade at $173.90 per share which meant it gained $5.35 on the day or 3.17% during that session. The AVGO stock price is -7.2% off its 52-week high price of $186.42 and 49.9% above the 52-week low of $87.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.44 million shares traded. The 3-month trading volume is 24.94 million shares.
The consensus among analysts is that Broadcom Inc (AVGO) is Buy stock at the moment, with a recommendation rating of 1.41. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 27 have rated it as a Hold, with 26 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.38.
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Broadcom Inc (NASDAQ:AVGO) trade information
Sporting 3.17% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AVGO stock price touched $173.90 or saw a rise of 2.95%. Year-to-date, Broadcom Inc shares have moved 55.79%, while the 5-day performance has seen it change -2.98%. Over the past 30 days, the shares of Broadcom Inc (NASDAQ:AVGO) have changed -0.67%. Short interest in the company has seen 65.33 million shares shorted with days to cover at 2.59.
Wall Street analysts have a consensus price target for the stock at $192.5, which means that the shares’ value could jump 9.66% from current levels. The projected low price target is $61.5 while the price target rests at a high of $240.0. In that case, then, we find that the current price level is -38.01% off the targeted high while a plunge would see the stock lose 64.63% from current levels.
Broadcom Inc (AVGO) estimates and forecasts
Figures show that Broadcom Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 33.45% over the past 6 months, with this year growth rate of 13.95%, compared to -3.50% for the industry. Revenue growth from the last financial year stood is estimated to be 44.20%.
29 analysts offering their estimates for the company have set an average revenue estimate of 14.07B for the current quarter. 26 have an estimated revenue figure of 14.62B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.37% over the past 5 years. Earnings growth for 2024 is a modest 14.51% while over the next 5 years, the company’s earnings are expected to increase by 19.88%.
AVGO Dividends
Broadcom Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 16.28 at a share yield of 9.36%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.73%.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Insiders own 2.02% of the company shares, while shares held by institutions stand at 79.21% with a share float percentage of 80.84%. Investors are also buoyed by the number of investors in a company, with Broadcom Inc having a total of 4286.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 44.82 million shares worth more than $71.96 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.6389% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 34.2 million shares as of 2024-06-30. The firm’s total holdings are worth over $54.91 billion and represent 7.3549% of shares outstanding.
