Shares of Broadcom have moved -0.2% today, and are now trading at a price of $1139.73. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 1,389,193 compared to the stock's average volume of 3,138,749.
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. Based in Palo Alto, United States the company has 20,000 full time employees and a market cap of $533,553,184,768. Broadcom currently offers its equity investors a dividend that yields 1.7% per year.
The company is now trading 5.85% away from its average analyst target price of $1076.75 per share. The 24 analysts following the stock have set target prices ranging from $925.0 to $1265.0, and on average give Broadcom a rating of buy.
Over the last 52 weeks, AVGO stock has risen 110.8%, which amounts to a 86.8% difference compared to the S&P 500. The stock's 52 week high is $1151.82 whereas its 52 week low is $540.92 per share. With its net margins declining an average -7.1% over the last 6 years, Broadcom may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 35,454,000 | 13,917,000 | 39 | 11.43 |
| 2022 | 33,203,000 | 11,495,000 | 35 | 40.0 |
| 2021 | 27,450,000 | 6,736,000 | 25 | 108.33 |
| 2020 | 23,888,000 | 2,961,000 | 12 | 0.0 |
| 2019 | 22,597,000 | 2,736,000 | 12 | -80.33 |
| 2018 | 20,848,000 | 12,629,000 | 61 |
