Broadcom Inc (NASDAQ: AVGO) is -3.25% lower on its value in year-to-date trading and has touched a low of $106.26 and a high of $251.88 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 $229.31 in the last trading session, with the day’s loss setting it -5.0%.
Currently trading at $224.31, the stock is -1.43% and 15.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.65 million and changing -2.18% at the moment leaves the stock 37.16% off its SMA200. AVGO registered 107.22% gain for a year compared to 6-month gain of 31.49%. The firm has a 50-day simple moving average (SMA 50) of $193.581 and a 200-day simple moving average (SMA200) of $163.53595.
The stock witnessed a 25.35% loss in the last 1 month and extending the period to 3 months gives it a 20.63%, and is -3.31% 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 3.59% over the week and 4.56% over the month.
Broadcom Inc (AVGO) has around 37000 employees, a market worth around $1051.42B and $51.57B in sales. Current P/E ratio is 184.00 and Fwd P/E is 29.39. Profit margin for the company is 11.43%. Distance from 52-week low is 111.09% and -10.95% from its 52-week high. The company has generated returns on investments over the last 12 months (4.36%).
with sales reaching $14.6B over the same period.The EPS is expected to grow by 30.32% this year, but quarterly earnings will post 18.58% year-over-year. Quarterly sales are estimated to grow 22.06% in year-over-year returns.
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 1.24%. 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 HARTENSTEIN EDDY W, the company’s Director. SEC filings show that HARTENSTEIN EDDY W sold 4,000 shares of the company’s common stock on Jan 08 ’25 at a price of $229.64 per share for a total of $0.92 million. Following the sale, the insider now owns 46400.0 shares.
Broadcom Inc disclosed in a document filed with the SEC on Jan 06 ’25 that Low Check Kian (Director) sold a total of 48,000 shares of the company’s common stock. The trade occurred on Jan 06 ’25 and was made at $235.35 per share for $11.3 million. Following the transaction, the insider now directly holds 0.11 million shares of the AVGO stock.
Still, SEC filings show that on Jan 08 ’25, Eddy W. Hartenstein (Director) Proposed Sale 4,000 shares at an average price of $228.64 for $0.91 million. The insider now directly holds shares of Broadcom Inc (AVGO).
