This Analyst Recently Issued Research Note On Broadcom Inc. (AVGO)

As of Friday close, Broadcom Inc.’s (NASDAQ:AVGO) stock was down -$1.36, moving down -0.25 percent to $551.44. The average number of shares traded per day over the past five days has been 1,488,680 shares. 3 times new highs have been achieved over the past 5 days, with a $15.96 gain in that time frame. In the last twenty days, the average volume was 1,848,960, while in the previous 50 days, it was 2,124,016.

Since last month, AVGO stock rose 10.61%. Shares of the company fell to $472.29 on 07/13/22, the lowest level in the past month. A 52-week high of $677.76 was reached on 01/04/22 after having rallying from a 52-week low of $462.66. Since the beginning of this year, AVGO’s stock price has dropped by -17.13% or -$113.97, and marked a new high 2 times. However, the stock has declined by -18.64% since its 52-week high.

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Broadcom Inc. (AVGO) last reported insider trading activity 123 days ago on Apr 05. Bryant Diane M, the Director of the company, disposed of 476 shares for $629.55 on Apr 05. It resulted in a $299,666 divestment by the insider. Spears Kirsten M. sold 2,000 shares at an average price of $636.23 on Mar 29. The insider now owns 34,546 shares following the transaction. On Mar 28, VP CFO & Chief Accounting Ofcr Spears Kirsten M. sold 3,000 shares at $625.86 apiece. The transaction was valued at $1,877,565.

Valuation Metrics

Right now, Broadcom Inc. (AVGO) has a P/E ratio of about 27.32. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 7.32, the price-to-book (PB) ratio of 10.73, and the price-to-cash flow ratio of 28.17 may also be considered.

The latest dividend of $4.10 per share was paid out, remained unchanged from last year’s $4.10. On Thursday December 9 2021, a $0.50 dividend increase was announced.

Financial Health

In the three months ended April 29, Broadcom Inc.’s quick ratio stood at 1.90, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 1.87, and the total debt-to-equity ratio was 1.88. On the profitability front, the trailing twelve-month gross margin is 64.40% percent. In the year ended April 29, operating margins totaled 37.40%. Based on annual data, AVGO earned $16.84 billion in gross profit and brought in $27.45 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.80%. Return on equity (ROE) for the past 12 months was 37.00%.

In Broadcom Inc.’s quarter-end financial report for April 29, it reported total debt of $39.16 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AVGO’s revenue rose 18.43% to $7.71 billion during the quarter, while net income inched up to $8.1 billion. While analysts expected Broadcom Inc. to report $8.7 quarterly earnings, the actual figure was $9.07 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $4.66 billion in EBITDA. The liabilities of Broadcom Inc. were 50.76 billion at the end of its most recent quarter ended April 29, and its total debt was $39.47 billion. The value of shareholders’ equity is $403.82 million.

Technical Picture

This quick technical analysis looks at Broadcom Inc.’s (AVGO) price momentum. With a historical volatility rate of 20.54%, the RSI 9-day stood at 75.56% on 05 August.

With respect to its five-day moving average, the current Broadcom Inc. price is up by +2.98% percent or $15.96. At present, AVGO shares trade +10.58% above its 20-day simple moving average and -2.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately +5.20% above its SMA50 and +8.04% above its SMA200.

Stochastic coefficient K was 98.15% and Stochastic coefficient D was 95.44%, while ATR was 12.13. Given the Stochastic reading of 97.01% for the 14-day period, the RSI (14) reading has been calculated as 67.22%. As of today, the MACD Oscillator reading stands at 14.05, while the 14-day reading stands at 22.43.

Analyst Ratings

UBS reiterated its a Buy rating on Broadcom Inc. (NASDAQ: AVGO) in a note to investors. The analysts firm has however raised their price target to $690, representing a possible 17.08% increase in the stock price. Broadcom Inc. (AVGO) has been rated Buy by analysts. According to 0 brokerage firms, AVGO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Broadcom Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $675.00, the current consensus forecast for the stock is $600.00 – $780.00. Based on these forecasts, analysts predict Broadcom Inc. (AVGO) will achieve an average price target of $677.29.


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