The stock of Broadcom Inc (NASDAQ:AVGO) last traded at $182.31, up 0.46% from the previous session.
AVGO stock price is now 11.64% away from the 50-day moving average and 27.27% away from the 200-day moving average. The market capitalization of the company currently stands at $851.49B.
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With the price target enhanced from $190 to $220, Mizuho maintained Outperform rating for Broadcom Inc (NASDAQ: AVGO). , while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Brazeal Mark David, Chief Legal & Corp Affairs Ofc sold 18,900 shares of the company’s stock on Oct 09 ’24. The stock was sold for $3,456,338 at an average price of $182.88. Upon completion of the transaction, the Chief Legal & Corp Affairs Ofc now directly owns 380,560 shares in the company, valued at $69.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11 ’24, Officer Brazeal Mark David bought 18,900 shares of the business’s stock. A total of $3,429,405 was incurred on buying the stock at an average price of $181.45. A total of 2.02% of the company’s stock is owned by insiders.
During the past 12 months, Broadcom Inc has had a low of $81.83 and a high of $186.42. 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 $104308408320, which is based on a 158.70 price-to-earnings ratio, a 7.98 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for AVGO is $163.3022 and a two-hundred day moving average price translates $143.2443 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.
