Shares of Broadcom have moved 22.5% today, and are now trading at a price of $221.28. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 42,903,902 compared to the stock's average volume of 22,132,025.
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 $1,048,035,196,928.
The company is now trading 6.6% away from its average analyst target price of $207.58 per share. The 38 analysts following the stock have set target prices ranging from $156.21 to $260.0, and on average give Broadcom a rating of buy.
Over the last 52 weeks, AVGO stock has risen 59.9%, which amounts to a 31.7% difference compared to the S&P 500. The stock's 52 week high is $221.6 whereas its 52 week low is $104.15 per share. With its net margins declining an average -6.5% over the last 6 years, Broadcom may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 35,819,000 | 14,082,000 | 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 | 2,960,000 | 12 | 0.0 |
| 2019 | 22,597,000 | 2,724,000 | 12 | -79.66 |
| 2018 | 20,848,000 | 12,259,000 | 59 |
