This morning we watched Broadcom drop -2.0% to a price of $786.2 per share. The large-cap Semiconductors company is now trading -7.2% below its average target price of $847.22. Analysts have set target prices ranging from $584.0 to $950.0 per share for Broadcom, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 3.72. The company's insiders own 2.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.0% of Broadcom's shares being owned by this investor type.
Institutions Invested in Broadcom
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-03-31 | Vanguard Group, Inc. (The) | 10% | 40,156,115 | $31,570,738,103 |
2023-03-31 | Blackrock Inc. | 7% | 29,844,893 | $23,464,055,240 |
2023-03-31 | Capital International Investors | 7% | 27,586,469 | $21,688,482,264 |
2023-03-31 | Capital World Investors | 7% | 27,354,028 | $21,505,737,147 |
2023-03-31 | Capital Research Global Investors | 5% | 21,167,712 | $16,642,055,432 |
2023-03-31 | State Street Corporation | 4% | 16,632,123 | $13,076,175,305 |
2023-03-31 | Bank of America Corporation | 2% | 10,234,752 | $8,046,562,147 |
2023-03-31 | Geode Capital Management, LLC | 2% | 7,813,688 | $6,143,121,600 |
2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 6,046,923 | $4,754,090,936 |
2023-03-31 | Morgan Stanley | 1% | 5,762,958 | $4,530,837,649 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Broadcom.