Broadcom Inc (NASDAQ: AVGO) is 1.97% higher on its value in year-to-date trading and has touched a low of $104.15 and a high of $251.88 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 $232.55 in the last trading session, with the day’s gains setting it 3.86%.
Currently trading at $236.41, the stock is 7.47% and 24.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.93 million and changing 1.66% at the moment leaves the stock 45.80% off its SMA200. AVGO registered 125.36% gain for a year compared to 6-month loss of 35.41%. The firm has a 50-day simple moving average (SMA 50) of $189.0052 and a 200-day simple moving average (SMA200) of $161.60713.
The stock witnessed a 38.61% gain in the last 1 month and extending the period to 3 months gives it a 33.84%, and is -2.21% 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 3.33% over the week and 4.57% over the month.
Broadcom Inc (AVGO) has around 37000 employees, a market worth around $1110.86B and $51.57B in sales. Current P/E ratio is 193.92 and Fwd P/E is 30.98. Profit margin for the company is 11.43%. Distance from 52-week low is 126.99% and -6.14% from its 52-week high. The company has generated returns on investments over the last 12 months (4.36%).
The EPS is expected to grow by 30.31% this year.
Broadcom Inc (AVGO) Top Institutional Holders
4380.0 institutions hold shares in Broadcom Inc (AVGO), with institutional investors hold 80.62% of the company’s shares. The shares outstanding are 4.69B, and float is at 4.59B with Short Float at 1.49%. Institutions hold 78.98% 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’sPresident, Semi Solutions Grp. SEC filings show that Kawwas Charlie B sold 40,000 shares of the company’s common stock on Jan 02 ’25 at a price of $231.98 per share for a total of $9.28 million. Following the sale, the insider now owns 0.7 million shares.
Still, SEC filings show that on Dec 24 ’24, TAN HOCK E (President and CEO) disposed off 45,000 shares at an average price of $239.96 for $10.8 million. The insider now directly holds 842,836 shares of Broadcom Inc (AVGO).
