In yesterday’s Wall Street session, Broadcom Inc (NASDAQ:AVGO) shares traded at $232.35, up 5.24% from the previous session.
AVGO stock price is now 28.41% away from the 50-day moving average and 47.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1097.49B.
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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, Bryant Diane M, Director bought 15,000 shares of the company’s stock on Dec 23 ’24. The stock was bought for $3,400,200 at an average price of $226.68. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, Officer Spears Kirsten M. bought 12,570 shares of the business’s stock. A total of $2,886,323 was incurred on buying the stock at an average price of $229.62. 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 $251.88. As of last week, the company has a debt-to-equity ratio of 1.02, 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 190.59 price-to-earnings ratio, a 8.99 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for AVGO is $179.931 and a two-hundred day moving average price translates $157.21397 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.
