In the latest trading session, 4.13 million Broadcom Inc (NASDAQ:AVGO) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $229.08 changing hands around $4.38 or 1.95% at last look, the market valuation stands at $1073.77B. AVGO’s current price is a discount, trading about -9.95% off its 52-week high of $251.88. The share price had its 52-week low at $109.02, which suggests the last value was 52.41% up since then. When we look at Broadcom Inc’s average trading volume, we note the 10-day average is 24.62 million shares, with the 3-month average coming to 28.51 million.
Analysts gave the Broadcom Inc (AVGO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. 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 1.51.
Broadcom Inc (NASDAQ:AVGO) trade information
Instantly AVGO is in green as seen in intraday trades today. With action 0.19%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -1.19%, with the 5-day performance at 0.19% in the green. However, in the 30-day time frame, Broadcom Inc (NASDAQ:AVGO) is 26.80% up. Looking at the short shares, we see there were 66.38 million shares sold at short interest cover period of 3.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 210, meaning bulls need a downside of -9.09% from its recent market value. According to analyst projections, AVGO’s forecast low is 170 with 265 as the target high. To hit the forecast high, the stock’s price needs a -15.68% plunge from its current level, while the stock would need to tank 25.79% 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 35.25% over the past 6 months, a 29.36% in annual growth rate that is considerably higher than the industry average of -1.30%. Year-over-year growth is forecast to reach 18.76% up from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 14.62B. 29 analysts are of the opinion that Broadcom Inc’s revenue for the current quarter will be 14.73B. The company’s revenue for the corresponding quarters a year ago was 11.96B and 12.49B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.21%. The estimates for the next quarter sales put growth at 17.97%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.91%. The 2025 estimates are for Broadcom Inc earnings to increase by 30.36%, but the outlook for the next 5-year period is at 21.20% per year.
AVGO Dividends
Broadcom Inc is expected to release its next quarterly earnings report in February. The 0.95% annual yield figure for the share gives it an annual dividend of 2.17. It is important to note, however, that the 0.95% 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 2.69 per year.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.04% of Broadcom Inc shares while 78.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.62%. There are 78.98% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 147.55 shares estimated at $33.74 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.60% of the shares, roughly 121.87 shares worth around $27.87 billion.
