After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Broadcom Named a Leader in Unified Endpoint Management by Global Analyst Firm.
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Stocks Info
This NASDAQ-listed company operates within the Semiconductors industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $1220.50 and fluctuated between $1,231.33 as its day high and $1,208.22 as its day low. The current market capitalization of Broadcom Inc is $571.36B. A total of 3.04 million shares were traded on the day, compared to an average of 3.32M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, AVGO has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 215,280 and the disposition of 118,108 shares. Over the last 12 months, there were 16 BUYs and 24 SELLs from insiders. Insiders purchased 303,062 shares during that period but sold 277,170.
In the most recent transaction, Spears Kirsten M. sold 2,500 shares of AVGO for 1043.14 per share on Jan 05. After the transaction, the CFO & Chief Accounting Officer now owns 26,880 company shares. In a previous transaction on Dec 21, TAN HOCK E sold 20,000 shares at 1122.46 per share. AVGO shares that President and CEO owns now total 209,796.
Among the insiders who sold shares, HARTENSTEIN EDDY W disposed of 800 shares on Dec 20 at a per-share price of $1140.30. This resulted in the Director holding 810 shares of AVGO after the transaction. In another insider transaction, Brazeal Mark David sold 4,032 shares at $1126.75 per share on Dec 18. Company shares held by the Chief Legal & Corp Affairs Ofc now total 36,868.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Broadcom Inc pays an annual dividend of $20.88, resulting in a dividend yield of 1.71%, and it has a price to earnings (P/E) ratio of 37.05. AVGO’s most recent ex-dividend date was 12/19/2023 when it declared a $5.25 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/20/2023. The AVGO stock dividend was $4.60 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AVGO in the last 3 months, the mean price target is $1,173.78 with high estimates of $1,325.00 and low estimates of $950.00. In terms of 52-week highs and lows, AVGO has a high of $1217.00 and a low of $559.11.
As of this writing, AVGO has an earnings estimate of $10.3 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $11.5 per share and a lower estimate of $9.02. The company reported an EPS of $10.54 in the last quarter, which was 1.20% higher than expectations of $10.42.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $57.94, 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 4.65.
