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Sunday, April 2, 2023

The Question Is Whether To Buy Or Not To Buy Broadcom Inc. (NASDAQ: AVGO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Broadcom Inc. (AVGO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$4.83, or -0.77%, to $621.21. The Broadcom Inc. has recorded 169,912 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Broadcom Now Shipping World’s First 51.2 Tbps Switch in Production Volume.

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Stocks Info

Broadcom Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductors industry. At the end of the last regular session, the stock closed at $626.04 and fluctuated between $630.07 as its day high and $616.20 as its day low. The current market capitalization of Broadcom Inc. is $264.28B. A total of 2.24 million shares were traded on the day, compared to an average of 2.24M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AVGO has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 108,686 shares. Over the last 12 months, there were 9 BUYs and 19 SELLs from insiders. Insiders purchased 291,035 shares during that period but sold 196,590.

In the most recent transaction, FERNANDEZ RAUL J sold 1,170 shares of AVGO for 575.00 per share on Dec 14. After the transaction, the Director now owns 1,953 company shares. In a previous transaction on Dec 13, DELLY GAYLA J sold 200 shares at 579.56 per share. AVGO shares that Director owns now total 3,264.

Among the insiders who sold shares, PAGE JUSTINE disposed of 170 shares on Dec 13 at a per-share price of $574.86. This resulted in the Director holding 2,981 shares of AVGO after the transaction. In another insider transaction, Bryant Diane M sold 476 shares at $629.55 per share on Apr 05. Company shares held by the Director now total 1,560.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Broadcom Inc. pays an annual dividend of $18.40, resulting in a dividend yield of 2.94%, and it has a price to earnings (P/E) ratio of 21.05. AVGO’s most recent ex-dividend date was 3/21/2023 when it declared a $4.60 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/19/2022. The AVGO stock dividend was $4.60 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AVGO in the last 3 months, the mean price target is $698.72 with high estimates of $775.00 and low estimates of $600.00. In terms of 52-week highs and lows, AVGO has a high of $645.31 and a low of $415.07.

As of this writing, AVGO has an earnings estimate of $10.12 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $10.35 per share and a lower estimate of $8.77. The company reported an EPS of $9.73 in the last quarter, which was 1.80% higher than expectations of $9.56.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 27 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVGO is Sell with a score of 4.47. A total of 18 analysts rated the stock as Buy while 4 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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