A Look at Broadcom Inc (AVGO) Shares in the Recent Past Indicates Growth

With 3.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.46 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $1766.4899 whereas the lowest price it dropped to was $1726.3628. The 52-week range on AVGO shows that it touched its highest point at $1851.62 and its lowest point at $795.09 during that stretch. It currently has a 1-year price target of $1903.94. With its current market cap of 812.14 billion, AVGO has annualized dividend of $20.35 while the current yield stands at 1.17%. Beta for the stock currently stands at 1.19.

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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 up-trending over the past week, with a rise of 5.26%, but this was up by 24.03% over a month. Three-month performance surged to 30.78% while six-month performance rose 62.32%. The stock gained 98.77% in the past year, while it has gained 56.30% so far this year. A look at the trailing 12-month EPS for AVGO yields 23.24 with Next year EPS estimates of 60.93. For the next quarter, that number is 12.14. This implies an EPS growth rate of 13.31% for this year and 27.27% for next year. EPS is expected to grow by 17.70% 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, 465.49 million AVGO shares are outstanding with a float of 456.05 million shares on hand for trading. On 2024-06-14, short shares totaled 5.79 million, which was 124.0 higher than short shares on 1715731200. 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 0.79710996 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 $12487000000.0 and operating income of $3257000000.0. The EBITDA in the recently reported quarter was $5874000000.0 and diluted EPS was $4.42.

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.