This afternoon we watched Broadcom rise 3.8% to a price of $162.82 per share. The Large-Cap Semiconductors company is now trading -7.39% below its average target price of $175.81. Analysts have set target prices ranging from $141.02 to $216.96 per share for Broadcom, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.3%, and a short ratio of 1.77. The company's insiders own 2.03% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 78.8% of Broadcom's shares being owned by this investor type.
Institutions Invested in Broadcom
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 96% | 448,207,650 | $72,977,172,855 |
| 2024-06-30 | Blackrock Inc. | 73% | 342,003,330 | $55,684,984,695 |
| 2024-06-30 | Capital World Investors | 48% | 224,203,490 | $36,504,813,883 |
| 2024-06-30 | Capital International Investors | 41% | 190,346,990 | $30,992,298,305 |
| 2024-06-30 | State Street Corporation | 38% | 175,899,500 | $28,639,957,878 |
| 2024-06-30 | Capital Research Global Investors | 24% | 110,222,660 | $17,946,454,308 |
| 2024-06-30 | Geode Capital Management, LLC | 20% | 92,128,850 | $15,000,420,031 |
| 2024-06-30 | FMR, LLC | 16% | 74,021,800 | $12,052,230,018 |
| 2024-06-30 | JP Morgan Chase & Company | 16% | 73,668,200 | $11,994,656,863 |
| 2024-06-30 | Morgan Stanley | 15% | 71,802,920 | $11,690,951,960 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Broadcom.
