Broadcom moved -5.2% this afternoon session, trading between a high of $901.22 and a low of $864.66 per share. Yesterday the stock finished at $922.89 per share, compared to an average analyst target price of $902.91.
Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The large-cap semiconductors company is based in the United States, and over the last twelve months it has returned a dividend yield of 1.9%. Broadcom has trailing twelve months earnings per share (EPS) of 31.85, which at today's prices amounts to a price to earnings (P/E) ratio of 27.5.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 2.08. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-09 | 33,203,000 | -11,108,000 | 67 | 9.84 |
| 2021-12-17 | 27,450,000 | -10,606,000 | 61 | 8.93 |
| 2020-12-18 | 23,888,000 | -10,372,000 | 56 | 1.82 |
| 2019-12-20 | 22,597,000 | -10,114,000 | 55 | 7.84 |
| 2018-12-21 | 20,848,000 | -10,115,000 | 51 | 6.25 |
| 2017-12-13 | 17,636,000 | -9,127,000 | 48 |
Broadcom's 56.3% average gross margins are thinner than the 54.23% average of the Semiconductors industry, implying that the firm might be lacking in competitivity.
