In yesterday’s Wall Street session, Broadcom Inc (NASDAQ:AVGO) shares traded at $250.00, up 11.21% from the previous session.
AVGO stock price is now 41.71% away from the 50-day moving average and 60.82% away from the 200-day moving average. The market capitalization of the company currently stands at $1452.93B.
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With the price target enhanced from $210 to $240, TD Cowen maintained Buy rating for Broadcom Inc (NASDAQ: AVGO). On October 14, 2024, Mizuho reiterated its ‘Outperform’ rating on the stock by increasing its target price from $190 to quote $220, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Kawwas Charlie B, President, Semi Solutions Grp sold 15,950 shares of the company’s stock on Oct 11 ’24. The stock was sold for $2,894,048 at an average price of $181.44. Upon completion of the transaction, the President, Semi Solutions Grp now directly owns 737,330 shares in the company, valued at $184.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11 ’24, Chief Legal & Corp Affairs Ofc Brazeal Mark David sold 18,900 shares of the business’s stock. A total of $3,429,405 was realized by selling the stock at an average price of $181.45. This leaves the insider owning 361,660 shares of the company worth $90.42 million. 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 $104.15 and a high of $228.70. As of last week, the company has a debt-to-equity ratio of 1.00, a current ratio of 1.17, and a quick ratio of 1.07. According to the stock market information, the enterprise value for the company is $103630258176, which is based on a 204.33 price-to-earnings ratio, a 9.64 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for AVGO is $174.9536 and a two-hundred day moving average price translates $154.89978 for the stock.
The latest earnings results from Broadcom Inc (NASDAQ: AVGO) was released for 2021-08-01. The net profit margin was 11.43% and return on equity was 13.46% 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.
