Broadcom Inc (NASDAQ:AVGO) shares traded 1.08% higher at $172.94 on Wall Street last session.
AVGO stock price is now 10.19% away from the 50-day moving average and 25.66% away from the 200-day moving average. The market capitalization of the company currently stands at $807.73B.
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On July 16, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $175 to quote $210, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Kawwas Charlie B, President, Semi Solutions Grp sold 25,200 shares of the company’s stock on Sep 19 ’24. The stock was sold for $4,240,505 at an average price of $168.27. Upon completion of the transaction, the President, Semi Solutions Grp now directly owns 753,280 shares in the company, valued at $130.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, President and CEO TAN HOCK E sold 50,000 shares of the business’s stock. A total of $8,168,550 was realized by selling the stock at an average price of $163.37. This leaves the insider owning 1,331,910 shares of the company worth $230.34 million. A total of 2.03% of the company’s stock is owned by insiders.
During the past 12 months, Broadcom Inc has had a low of $79.51 and a high of $185.16. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 1.04, and a quick ratio of 0.94. According to the stock market information, the enterprise value for the company is $100457340928, which is based on a 150.54 price-to-earnings ratio, a 7.56 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for AVGO is $157.0108 and a two-hundred day moving average price translates $138.03755 for the stock.
The latest earnings results from Broadcom Inc (NASDAQ: AVGO) was released for 2021-08-01. The net profit margin was 10.88% and return on equity was 12.51% for AVGO. The company reported revenue of $13.07 billion for the quarter, compared to $8.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.27 percent.
