Navigating Broadcom – Key Insights for Investors

By Ken Smith • Wednesday, October 22 15:26 • Permanent Link

Large-cap Technology company Broadcom has moved -0.9% so far today on a volume of 10,980,844, compared to its average of 22,777,687. In contrast, the S&P 500 index moved -1.0%.

Broadcom trades -13.11% away from its average analyst target price of $390.8 per share. The 41 analysts following the stock have set target prices ranging from $273.4 to $460.0, and on average have given Broadcom a rating of buy.

If you are considering an investment in AVGO, you'll want to know the following:

Broadcom has moved 97.5% over the last year, and the S&P 500 logged a change of 16.2%
Based on its trailing earnings per share of 3.91, Broadcom has a trailing 12 month Price to Earnings (P/E) ratio of 86.8 while the S&P 500 average is 29.3
AVGO has a forward P/E ratio of 55.0 based on its forward 12 month price to earnings (EPS) of $6.17 per share
Its Price to Book (P/B) ratio is 5.73 compared to its sector average of 4.19
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide.
Based in Palo Alto, the company has 37,000 full time employees and a market cap of $1.63 Trillion. Broadcom currently returns an annual dividend yield of 0.7%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.