Broadcom Inc (NASDAQ: AVGO) is 64.68% higher on its value in year-to-date trading and has touched a low of $128.50 and a high of $281.18 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 $275.6 in the last trading session, with the day’s gains setting it 5.34%.
Currently trading at $280.94, the stock is 5.22% and 13.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.89 million and changing 1.94% at the moment leaves the stock 35.60% off its SMA200. AVGO registered 21.18% gain for a year compared to 6-month gain of 25.25%. The firm has a 50-day simple moving average (SMA 50) of $245.1918 and a 200-day simple moving average (SMA200) of $206.6592.
The stock witnessed a 9.71% loss in the last 1 month and extending the period to 3 months gives it a 54.41%, and is 3.36% 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 2.50% over the week and 2.61% over the month.
Broadcom Inc (AVGO) has around 37000 employees, a market worth around $1321.39B and $57.05B in sales. Current P/E ratio is 105.61 and Fwd P/E is 34.13. Profit margin for the company is 22.64%. Distance from 52-week low is 118.63% and -0.09% from its 52-week high. The company has generated returns on investments over the last 12 months (9.84%).
with sales reaching $15.82B over the same period.The EPS is expected to grow by 35.79% this year, but quarterly earnings will post 21.66% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
Broadcom Inc (AVGO) Top Institutional Holders
4912.0 institutions hold shares in Broadcom Inc (AVGO), with institutional investors hold 80.68% of the company’s shares. The shares outstanding are 4.70B, and float is at 4.61B with Short Float at 1.22%. Institutions hold 79.06% 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 9.612% 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 7.3344 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 22.42 million shares representing 4.8081% and valued at over $36.0 billion, while CAPITAL INTERNATIONAL INVESTORS holds 4.0821 of the shares totaling 19.03 million with a market value of $30.56 billion.
Broadcom Inc (AVGO) Insider Activity
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Still, SEC filings show that on Jun 26 ’25, TAN HOCK E (President and CEO) disposed off 40,000 shares at an average price of $268.29 for $10.73 million. The insider now directly holds 482,836 shares of Broadcom Inc (AVGO).
