Broadcom Inc (NASDAQ: AVGO) is 52.64% higher on its value in year-to-date trading and has touched a low of $90.31 and a high of $186.42 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 $173.58 in the last trading session, with the day’s loss setting it -3.2%.
Currently trading at $170.38, the stock is -2.98% and -1.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.58 million and changing -1.84% at the moment leaves the stock 13.32% off its SMA200. AVGO registered 75.12% gain for a year compared to 6-month gain of 20.65%. The firm has a 50-day simple moving average (SMA 50) of $172.2858 and a 200-day simple moving average (SMA200) of $150.35634.
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The stock witnessed a -3.64% loss in the last 1 month and extending the period to 3 months gives it a 2.81%, and is -7.31% 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 2.88% over the week and 2.69% over the month.
Broadcom Inc (AVGO) has around 20000 employees, a market worth around $795.77B and $46.81B in sales. Current P/E ratio is 148.31 and Fwd P/E is 27.61. Profit margin for the company is 10.88%. Distance from 52-week low is 88.66% and -8.60% from its 52-week high. The company has generated returns on investments over the last 12 months (3.85%).
The EPS is expected to grow by 14.44% this year
4337.0 institutions hold shares in Broadcom Inc (AVGO), with institutional investors hold 80.59% of the company’s shares. The shares outstanding are 4.67B, and float is at 4.58B with Short Float at 1.48%. Institutions hold 78.94% 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 Kawwas Charlie B, the company’s President, Semi Solutions Grp. SEC filings show that Kawwas Charlie B sold 15,950 shares of the company’s common stock on Oct 11 ’24 at a price of $181.44 per share for a total of $2.89 million. Following the sale, the insider now owns 0.74 million shares.
Broadcom Inc disclosed in a document filed with the SEC on Oct 11 ’24 that Brazeal Mark David (Chief Legal & Corp Affairs Ofc) sold a total of 18,900 shares of the company’s common stock. The trade occurred on Oct 11 ’24 and was made at $181.45 per share for $3.43 million. Following the transaction, the insider now directly holds 0.36 million shares of the AVGO stock.
Still, SEC filings show that on Oct 09 ’24, Brazeal Mark David (Chief Legal & Corp Affairs Ofc) disposed off 18,900 shares at an average price of $182.88 for $3.46 million. The insider now directly holds 380,560 shares of Broadcom Inc (AVGO).
