In today’s recent session, 2.6 million shares of the Broadcom Inc (NASDAQ:AVGO) have been traded, and its beta is 1.01. Most recently the company’s share price was $231.99, and it changed around -$3.05 or -1.30% from the last close, which brings the market valuation of the company to $1087.44B. AVGO at last check was trading at a discount to its 52-week high of $251.88, offering almost -8.57% off that amount. The share price’s 52-week low was $119.76, which indicates that the recent value has risen by an impressive 48.38% since then. We note from Broadcom Inc’s average daily trading volume that its 10-day average is 31.11 million shares, with the 3-month average coming to 32.70 million.
Broadcom Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.51. If we narrow it down even further, the data shows that 0 out of 44 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 5 recommended AVGO as a Hold, whereas 30 deemed it a Buy, and 1 rated it as Underweight. Broadcom Inc is expected to report earnings per share of 1.51 for the current quarter.
Broadcom Inc (NASDAQ:AVGO) trade information
Instantly AVGO has been showing red trend so far today with a performance of -1.30% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 237.93 on recent trading dayincreased the stock’s daily price by 2.5%. The company’s shares are currently up 0.07% year-to-date, but still up 4.30% over the last five days. On the other hand, Broadcom Inc (NASDAQ:AVGO) is 3.43% up in the 30-day period. We can see from the shorts that 66.38 million shares have been sold at a short interest cover period of 3.55 day(s).
The consensus price target as assigned by Wall Street analysts is $212.5, which translates to bulls needing to decrease their stock price by -9.17% from its current value. Analyst projections state that AVGO is forecast to be at a low of $170 and a high of $265.
Broadcom Inc (AVGO) estimates and forecasts
The year-over-year growth rate is expected to be 18.83%, up from the previous year.
Consensus estimates provided by 28 financial analysts predict the company will bring in an average of 14.62B in revenue for the current quarter. 27 analysts expect Broadcom Inc to make 14.7B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.96B and 12.49B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.19%. Forecasts for the next quarter put sales growth at 17.69%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.91%. Broadcom Inc earnings are expected to increase by 30.79% in 2025, but the outlook is positive 23.04% per year for the next five years.
AVGO Dividends
Broadcom Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.94 percent and its annual dividend per share was 2.17. It is important to note, however, that the 0.94% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.69 per year.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.04% of Broadcom Inc shares, and 78.98% of them are in the hands of institutional investors. The stock currently has a share float of 80.62%. Broadcom Inc stock is held by 4380.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6389% of the shares, which is about 44.82 million shares worth $71.96 billion.
BLACKROCK INC., with 7.3549% or 34.2 million shares worth $54.91 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 147.55 shares worth $34.35 billion, making up 3.15% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 121.87 shares worth around $28.37 billion, which represents about 2.60% of the total shares outstanding.