Stocks of Broadcom Inc (NASDAQ:AVGO) traded higher last session on Wall Street, down -0.72% to $1580.79.
AVGO stock price is now 13.17% away from the 50-day moving average and 36.60% away from the 200-day moving average. The market capitalization of the company currently stands at $735.84B.
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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, PAGE JUSTINE, Director sold 254 shares of the company’s stock on Jun 20 ’24. The stock was sold for $444,566 at an average price of $1750.26. Upon completion of the transaction, the Director now directly owns 2,748 shares in the company, valued at $4.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, President, Semi Solutions Grp Kawwas Charlie B sold 2,520 shares of the business’s stock. A total of $4,613,997 was realized by selling the stock at an average price of $1830.95. This leaves the insider owning 77,848 shares of the company worth $123.06 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 $1851.62. 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 $679083704320, which is based on a 68.01 price-to-earnings ratio, a 3.84 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for AVGO is $1401.531 and a two-hundred day moving average price translates $1160.8552 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 $12.49 billion for the quarter, compared to $8.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.99 percent.
