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Tuesday, December 5, 2023

This Is Too Hot For Broadcom Inc (NASDAQ: AVGO), Let’s Take A Closer Look

After Hours

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. After-hours trades for Broadcom Inc (AVGO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.56, or 0.07%, to $853.50. The Broadcom Inc has recorded 95,412 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Broadcom and VMware Provide Update on Pending Transaction.

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Stocks Info

As a NASDAQ listed company, AVGO falls under the Technology sector while operating within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $852.94 and fluctuated between $853.83 as its day high and $835.57 as its day low. The current market capitalization of Broadcom Inc is $352.04B. A total of 1.86 million shares were traded on the day, compared to an average of 2.22M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AVGO has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 12,000 and the disposition of 1,500 shares. Over the last 12 months, there were 15 BUYs and 28 SELLs from insiders. Insiders purchased 106,719 shares during that period but sold 272,440.

In the most recent transaction, You Harry L. bought 1,000 shares of AVGO for 858.96 per share on Sep 15. After the transaction, the Director now owns 3,510 company shares. In a previous transaction on Sep 12, HARTENSTEIN EDDY W sold 1,500 shares at 855.68 per share. AVGO shares that Director owns now total 9,123.

Among the insiders who bought shares, Low Check Kian acquired of 11,000 shares on Sep 06 at a per-share price of $872.03. This resulted in the Director holding 15,951 shares of AVGO after the transaction. In another insider transaction, Spears Kirsten M. sold 6,000 shares at $797.82 per share on Jun 08. Company shares held by the CFO & Chief Accounting Officer now total 35,085.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Broadcom Inc pays an annual dividend of $18.41, resulting in a dividend yield of 2.16%, and it has a price to earnings (P/E) ratio of 26.32. AVGO’s most recent ex-dividend date was 9/20/2023 when it declared a $4.60 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/21/2023. The AVGO stock dividend was $4.60 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AVGO in the last 3 months, the mean price target is $979.37 with high estimates of $1,050.00 and low estimates of $879.00. In terms of 52-week highs and lows, AVGO has a high of $925.91 and a low of $441.36.

As of this writing, AVGO has an earnings estimate of $10.33 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $10.45 per share and a lower estimate of $10.1. The company reported an EPS of $10.32 in the last quarter, which was 2.40% higher than expectations of $10.08.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $53.46, while its Total Shareholder’s Equity was $24.99B.

Analysts Opinion

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. 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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