Broadcom Inc (NASDAQ: AVGO) is 43.00% higher on its value in year-to-date trading and has touched a low of $79.51 and a high of $185.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVGO stock was last observed hovering at around $166.36 in the last trading session, with the day’s loss setting it -6.74%.
Currently trading at $159.62, the stock is 3.52% and -0.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.46 million and changing -4.05% at the moment leaves the stock 21.25% off its SMA200. AVGO registered 86.81% gain for a year compared to 6-month gain of 21.93%.
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The stock witnessed a 5.27% loss in the last 1 month and extending the period to 3 months gives it a 13.38%, and is -4.82% down 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 3.79% over the week and 5.27% over the month.
Broadcom Inc (AVGO) has around 20000 employees, a market worth around $743.01B and $42.62B in sales. Current P/E ratio is 68.67 and Fwd P/E is 26.12. Profit margin for the company is 24.10%. Distance from 52-week low is 100.76% and -13.79% from its 52-week high. The company has generated returns on investments over the last 12 months (7.26%).
with sales reaching $12.96B over the same period.The EPS is expected to grow by 13.61% this year, but quarterly earnings will post 43.60% year-over-year.
Broadcom Inc (AVGO) Top Institutional Holders
4133.0 institutions hold shares in Broadcom Inc (AVGO), with institutional investors hold 80.24% of the company’s shares. The shares outstanding are 4.65B, and float is at 4.56B with Short Float at 1.12%. Institutions hold 78.61% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 44.82 million shares valued at $71.96 billion. The investor’s holdings represent 9.6389% of the AVGO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 34.2 million shares valued at $54.91 billion to account for 7.3549 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 22.42 million shares representing 4.8216% and valued at over $36.0 billion, while CAPITAL INTERNATIONAL INVESTORS holds 4.0935 of the shares totaling 19.03 million with a market value of $30.56 billion.
Broadcom Inc (AVGO) Insider Activity
The most recent transaction is an insider sale by TAN HOCK E, the company’s President and CEO. SEC filings show that TAN HOCK E sold 7,502 shares of the company’s common stock on Jul 11 ’24 at a price of $1705.95 per share for a total of $12.8 million. Following the sale, the insider now owns 0.14 million shares.
Broadcom Inc disclosed in a document filed with the SEC on Jun 20 ’24 that PAGE JUSTINE (Director) sold a total of 254 shares of the company’s common stock. The trade occurred on Jun 20 ’24 and was made at $1750.26 per share for $0.44 million. Following the transaction, the insider now directly holds 2748.0 shares of the AVGO stock.
Still, SEC filings show that on Jun 17 ’24, PAGE JUSTINE (Director) disposed off 312 shares at an average price of $1800.00 for $0.56 million. The insider now directly holds 3,002 shares of Broadcom Inc (AVGO).
