This trade activity should not be overlooked: Broadcom Inc (AVGO)

With 13.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 26.11 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $173.9728 whereas the lowest price it dropped to was $171.35. The 52-week range on AVGO shows that it touched its highest point at $186.42 and its lowest point at $81.83 during that stretch. It currently has a 1-year price target of $195.09. With its current market cap of 803.43 billion, AVGO has annualized dividend of $16.28 while the current yield stands at 9.46%. Beta for the stock currently stands at 1.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AVGO was down-trending over the past week, with a drop of -4.43%, but this was down by -0.39% over a month. Three-month performance surged to 19.86% while six-month performance rose 28.51%. The stock gained 108.07% in the past year, while it has gained 54.11% so far this year. A look at the trailing 12-month EPS for AVGO yields 1.15 with Next year EPS estimates of 6.19. For the next quarter, that number is 1.39. This implies an EPS growth rate of 14.50% for this year and 27.90% for next year. EPS is expected to grow by 19.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.37%.

Float and Shares Shorts:

At present, 4.67 billion AVGO shares are outstanding with a float of 4.58 billion shares on hand for trading. On 2024-10-15, short shares totaled 65.33 million, which was 139.999995 higher than short shares on 1726185600. In addition to Mr. Hock E. Tan as the firm’s President, CEO & Executive Director, Ms. Kirsten M. Spears serves as its CFO & Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 0.7909 of AVGO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2021-08-01, AVGO reported revenue of $13072000000.0 and operating income of $4091000000.0. The EBITDA in the recently reported quarter was $6697000000.0 and diluted EPS was -$0.4.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AVGO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.