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Tuesday, June 6, 2023

Are Things Looking Up For 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 -$0.25, or -0.04%, to $682.00. The Broadcom Inc. has recorded 215,711 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Broadcom Inc. to Announce Second Quarter Fiscal Year 2023 Financial Results on Thursday, June 1, 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $682.25 and fluctuated between $684.95 as its day high and $678.41 as its day low. The current market capitalization of Broadcom Inc. is $282.64B. A total of 2.3 million shares were traded on the day, compared to an average of 2.11M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AVGO has seen 12 BUY and 11 SELL insider trades, representing the acquisition of 75,782 and the disposition of 75,996 shares. Over the last 12 months, there were 13 BUYs and 21 SELLs from insiders. Insiders purchased 94,719 shares during that period but sold 219,495.

In the most recent transaction, Spears Kirsten M. sold 7,000 shares of AVGO for 619.72 per share on Mar 28. After the transaction, the CFO & Chief Accounting Officer now owns 41,085 company shares. In a previous transaction on Mar 27, FERNANDEZ RAUL J sold 740 shares at 639.00 per share. AVGO shares that Director owns now total 1,213.

Among the insiders who sold shares, TAN HOCK E disposed of 30,000 shares on Mar 16 at a per-share price of $626.04. This resulted in the President and CEO holding 214,514 shares of AVGO after the transaction. In another insider transaction, HARTENSTEIN EDDY W sold 3,175 shares at $625.01 per share on Mar 14. Company shares held by the Director now total 9,734.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Broadcom Inc. pays an annual dividend of $18.40, resulting in a dividend yield of 2.70%, and it has a price to earnings (P/E) ratio of 22.94. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AVGO in the last 3 months, the mean price target is $705.04 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 $679.36 and a low of $415.07.

As of this writing, AVGO has an earnings estimate of $10.08 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $10.35 per share and a lower estimate of $9.11. The company reported an EPS of $10.45 in the last quarter, which was 1.70% higher than expectations of $10.28.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AVGO’s latest balance sheet shows that the firm has $12.16B in Cash & Short Term Investments as of fiscal 2021. There were $39.73B in debt and $6.28B in liabilities at the time. Its Book Value Per Share was $55.77, while its Total Shareholder’s Equity was $24.99B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.50.

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