During the recent session, Broadcom Inc (NASDAQ:AVGO)’s traded shares were 22.91 million, with the beta value of the company hitting 1.04. At the last check today, the stock’s price was $185.55, reflecting an intraday gain of 3.40% or $6.1. The 52-week high for the AVGO share is $251.88, that puts it down -35.75 from that peak though still a striking 35.46% gain since the share price plummeted to a 52-week low of $119.76. The company’s market capitalization is $872.47B, and the average trade volume was 35.34 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 1.52. 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 1.56.
Broadcom Inc (NASDAQ:AVGO) trade information
Broadcom Inc (AVGO) registered a 3.40% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.40% in intraday trading to $185.55, hitting a weekly high. The stock’s 5-day price performance is -6.96%, and it has moved by -20.02% in 30 days. Based on these gigs, the overall price performance for the year is 38.19%.
The consensus price target of analysts on Wall Street is $220, which implies an increase of 15.66% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $215 and $265 respectively. As a result, AVGO is trading at a discount of -42.82% off the target high and -15.87% off the low.
Broadcom Inc (AVGO) estimates and forecasts
In the rating firms’ projections, revenue will increase 21.08% 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 14.94B as predicted by 25 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to 15.83B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 12.49B and 13.07B respectively. In this case, analysts expect current quarter sales to grow by 19.65% and then jump by 21.08% 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 34.39% in 2025, the next five years will return 22.97% per annum.
AVGO Dividends
Broadcom Inc is due to release its next quarterly earnings in April. 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 11.62, with the dividend yield indicating at 6.26 percent, continuing the trend of increasing dividends in recent years.
Broadcom Inc (NASDAQ:AVGO)’s Major holders
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 3.14 percent of the company’s overall shares, with a $26.92 billion market value. The same data shows that the other fund manager holds slightly less at 126.43, or about 2.69% of the stock, which is worth about $23.06 billion.
