In yesterday’s Wall Street session, Broadcom Inc (NASDAQ:AVGO) shares traded at $172.50, down -0.11% from the previous session.
AVGO stock price is now 9.26% away from the 50-day moving average and 23.53% away from the 200-day moving average. The market capitalization of the company currently stands at $805.68B.
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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, DELLY GAYLA J, Director sold 750 shares of the company’s stock on Sep 25 ’24. The stock was sold for $130,898 at an average price of $174.53. Upon completion of the transaction, the Director now directly owns 34,750 shares in the company, valued at $5.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26 ’24, Board Member of Broadcom, Inc. Samueli Foundation bought 142,988 shares of the business’s stock. A total of $25,439,481 was incurred on buying the stock at an average price of $177.91. 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 $80.89 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 $100276502528, which is based on a 150.16 price-to-earnings ratio, a 7.55 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for AVGO is $158.1906 and a two-hundred day moving average price translates $139.9699 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.
