Broadcom stock is trading -8.23% below its average target price of $1515.45 after marking a 5.2% during today's afternoon session. Analysts are giving the Large-Cap Semiconductors company an average rating of buy and target prices ranging from $1110.0 to $1720.0 per share.
The stock has a very low short interest at 1.4%, and a short ratio of 1.54. The company's insiders own 2.04% 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 80.5% of Broadcom's shares being owned by this investor type.
Institutions Invested in Broadcom
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 43,347,811 | $60,284,666,443 |
| 2023-12-31 | Blackrock Inc. | 7% | 34,699,799 | $48,257,703,448 |
| 2023-12-31 | Capital World Investors | 6% | 27,898,659 | $38,799,222,227 |
| 2023-12-31 | Capital International Investors | 5% | 23,330,880 | $32,446,720,750 |
| 2023-12-31 | State Street Corporation | 4% | 18,493,245 | $25,718,925,144 |
| 2023-12-31 | Capital Research Global Investors | 4% | 17,810,442 | $24,769,337,376 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 9,360,062 | $13,017,225,150 |
| 2023-12-31 | Bank of America Corporation | 2% | 7,104,381 | $9,880,204,536 |
| 2023-12-31 | Morgan Stanley | 1% | 6,388,257 | $8,884,276,587 |
| 2023-12-31 | JP Morgan Chase & Company | 1% | 5,727,624 | $7,965,521,081 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Broadcom.
