The price of Broadcom Inc (NASDAQ:AVGO) shares last traded on Wall Street rose 12.27% to $1678.99.
AVGO stock price is now 24.92% away from the 50-day moving average and 48.85% away from the 200-day moving average. The market capitalization of the company currently stands at $778.08B.
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With the price target maintained at $1560, Citigroup maintained Buy rating for Broadcom Inc (NASDAQ: AVGO). On June 03, 2024, Melius recently initiated its ‘Buy’ rating on the stock quoting a target price of $1850, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Brazeal Mark David, Chief Legal & Corp Affairs Ofc sold 2,500 shares of the company’s stock on Apr 10 ’24. The stock was sold for $3,291,150 at an average price of $1316.46. Upon completion of the transaction, the Chief Legal & Corp Affairs Ofc now directly owns 41,974 shares in the company, valued at $70.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10 ’24, Director PAGE JUSTINE sold 110 shares of the business’s stock. A total of $145,530 was realized by selling the stock at an average price of $1323.00. This leaves the insider owning 3,125 shares of the company worth $5.25 million. A total of 2.04% of the company’s stock is owned by insiders.
During the past 12 months, Broadcom Inc has had a low of $795.09 and a high of $1505.80. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 1.25, and a quick ratio of 1.16. According to the stock market information, the enterprise value for the company is $644033609728, which is based on a 72.23 price-to-earnings ratio, a 4.78 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for AVGO is $1350.3988 and a two-hundred day moving average price translates $1132.0876 for the stock.
The latest earnings results from Broadcom Inc (NASDAQ: AVGO) was released for 2021-08-01. The net profit margin was 24.10% and return on equity was 22.23% for AVGO. The company reported revenue of $11.96 billion for the quarter, compared to $8.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.17 percent.
