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Broadcom Inc. (AVGO) – key numbers that make it a Strong Buy For Now

Broadcom Inc. (NASDAQ: AVGO) is -20.34% lower on its value in year-to-date trading and has touched a low of $415.07 and a high of $677.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVGO stock was last observed hovering at around $517.44 in the last trading session, with the day’s gains setting it 12.61% off its average median price target of $650.00 for the next 12 months. It is also 31.61% off the consensus price target high of $775.00 offered by 24 analysts, but current levels are 1.84% higher than the price target low of $540.00 for the same period.

Currently trading at $530.05, the stock is 9.30% and 12.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 2.44% at the moment leaves the stock -0.91% off its SMA200. AVGO registered -4.20% loss for a year compared to 6-month loss of 1.12%.

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The stock witnessed a 16.11% gain in the last 1 month and extending the period to 3 months gives it a -0.15%, and is 1.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 2.85% over the month.

Broadcom Inc. (AVGO) has around 20000 employees, a market worth around $223.66B and $31.68B in sales. Current P/E ratio is 23.09 and Fwd P/E is 13.08. Profit margin for the company is 31.00%. Distance from 52-week low is 27.70% and -21.79% from its 52-week high. The company has generated returns on investments over the last 12 months (12.80%).

Broadcom Inc. (AVGO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Broadcom Inc. (AVGO) is a “Buy”. 24 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 6 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Broadcom Inc. is expected to release its quarterly report on 03/16/2023.The EPS is expected to grow by 137.10% this year.

Broadcom Inc. (AVGO) Top Institutional Holders

The shares outstanding are 424.48M, and float is at 415.20M with Short Float at 1.20%.

Broadcom Inc. (AVGO) Insider Activity

A total of 0 insider transactions have happened at Broadcom Inc. (AVGO) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Bryant Diane M,the company’sDirector. SEC filings show that Bryant Diane M sold 476 shares of the company’s common stock on Apr 05 at a price of $629.55 per share for a total of $0.3 million. Following the sale, the insider now owns 1560.0 shares.

Broadcom Inc. disclosed in a document filed with the SEC on Mar 29 that Spears Kirsten M. (VP CFO & Chief Accounting Ofcr) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 29 and was made at $636.23 per share for $1.27 million. Following the transaction, the insider now directly holds 34546.0 shares of the AVGO stock.

Still, SEC filings show that on Mar 28, Spears Kirsten M. (VP CFO & Chief Accounting Ofcr) disposed off 3,000 shares at an average price of $625.86 for $1.88 million. The insider now directly holds 36,546 shares of Broadcom Inc. (AVGO).

Broadcom Inc. (AVGO): Who are the competitors?

The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading -49.81% down over the past 12 months. QUALCOMM Incorporated (QCOM) is -31.84% down on the 1-year trading charts.

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