During the recent session, Broadcom Inc (NASDAQ:AVGO)’s traded shares were 5.84 million, with the beta value of the company hitting 1.04. At the last check today, the stock’s price was $246.35, reflecting an intraday gain of 2.53% or $6.07. The 52-week high for the AVGO share is $251.88, that puts it down -2.24 from that peak though still a striking 52.33% gain since the share price plummeted to a 52-week low of $117.43. The company’s market capitalization is $1154.73B, and the average intraday trading volume over the past 10 days was 23.91 million shares, and the average trade volume was 29.36 million shares over the past three months.
Broadcom Inc (AVGO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.48. AVGO has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 26 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.51.
Broadcom Inc (NASDAQ:AVGO) trade information
Broadcom Inc (AVGO) registered a 2.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.53% in intraday trading to $246.35, hitting a weekly high. The stock’s 5-day price performance is 7.38%, and it has moved by 11.58% in 30 days. Based on these gigs, the overall price performance for the year is 100.89%. The short interest in Broadcom Inc (NASDAQ:AVGO) is 66.38 million shares and it means that shorts have 3.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $212.5, which implies a decrease of -15.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $170 and $265 respectively. As a result, AVGO is trading at a discount of -7.57% off the target high and 30.99% off the low.
Broadcom Inc (AVGO) estimates and forecasts
Statistics show that Broadcom Inc has outperformed its competitors in share price, compared to the industry in which it operates. Broadcom Inc (AVGO) shares have gone up 62.78% during the last six months, with a year-to-date growth rate more than the industry average at 29.57% against -5.20. In the rating firms’ projections, revenue will increase 18.76% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14.62B as predicted by 30 analyst(s). Meanwhile, a consensus of 29 analyst(s) estimates revenue growth to 14.73B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.96B and 12.49B respectively. In this case, analysts expect current quarter sales to grow by 22.21% and then jump by 17.97% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.91%. While earnings are projected to return 30.61% in 2025, the next five years will return 21.20% per annum.
AVGO Dividends
Broadcom Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Broadcom Inc is 2.17, with the dividend yield indicating at 0.88 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.69%.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Broadcom Inc insiders own 2.04% of total outstanding shares while institutional holders control 78.98%, with the float percentage being 80.62%. VANGUARD GROUP INC is the largest shareholder of the company, while 4380.0 institutions own stock in it. As of 2024-06-30, the company held over 44.82 million shares (or 9.6389% of all shares), a total value of $71.96 billion in shares.
The next largest institutional holding, with 34.2 million shares, is of BLACKROCK INC.’s that is approximately 7.3549% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $54.91 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Broadcom Inc (AVGO) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 147.55 shares. This amounts to just over 3.15 percent of the company’s overall shares, with a $36.34 billion market value. The same data shows that the other fund manager holds slightly less at 121.87, or about 2.60% of the stock, which is worth about $30.01 billion.
