Broadcom Inc (NASDAQ:AVGO) has a beta value of 1.13 and has seen 11.04 million shares traded in the recent trading session. The company, currently valued at $1096.57B, closed the recent trade at $234.78 per share which meant it lost -$5.45 on the day or -2.27% during that session. The AVGO stock price is -7.28% off its 52-week high price of $251.88 and 55.64% above the 52-week low of $104.15. If we look at the company’s 10-day average daily trading volume, we find that it stood at 51.92 million shares traded. The 3-month trading volume is 25.84 million shares.
The consensus among analysts is that Broadcom Inc (AVGO) is Buy stock at the moment, with a recommendation rating of 1.42. 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 1.51.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Broadcom Inc (NASDAQ:AVGO) trade information
Sporting -2.27% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AVGO stock price touched $234.78 or saw a rise of 6.79%. Year-to-date, Broadcom Inc shares have moved 110.33%, while the 5-day performance has seen it change 28.16%. Over the past 30 days, the shares of Broadcom Inc (NASDAQ:AVGO) have changed 41.72%. Short interest in the company has seen 66.38 million shares shorted with days to cover at 3.55.
Wall Street analysts have a consensus price target for the stock at $210, which means that the shares’ value could drop -11.8% from the levels at last check today. The projected low price target is $170.0 while the price target rests at a high of $240.0. In that case, then, we find that the latest price level in today’s session is -2.22% off the targeted high while a plunge would see the stock lose 27.59% from the levels at last check today.
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 35.36% over the past 6 months, with this year growth rate of 28.95%, compared to -1.20% for the industry. Revenue growth from the last financial year stood is estimated to be 18.90%.
31 analysts offering their estimates for the company have set an average revenue estimate of 14.6B for the current quarter. 30 have an estimated revenue figure of 14.7B for the next ending quarter. Year-ago sales stood 11.96B and 12.49B respectively for this quarter and the next, and analysts expect sales will grow by 22.05% for the current quarter and 18.90% for the next.
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 13.84% over the past 5 years. Earnings growth for 2024 is a modest 30.11% while over the next 5 years, the company’s earnings are expected to increase by 21.20%.
AVGO Dividends
Broadcom Inc is expected to release its next earnings report in January 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 6.93%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.69%.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Insiders own 2.04% of the company shares, while shares held by institutions stand at 78.98% with a share float percentage of 80.62%. Investors are also buoyed by the number of investors in a company, with Broadcom Inc having a total of 4380.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.16% shares in the company for having 147.55 shares of worth $34.23 billion while later fund manager owns 121.87 shares of worth $28.27 billion as of Sep 30, 2024, which makes it owner of about 2.61% of company’s outstanding stock.
