Broadcom Inc. stock price decreased by 2% on Friday, trading at $1,699.13. The company had a trading volume of 2,416,850 shares. Wall Street analysts have forecasted growth for Broadcom, with various firms giving the stock “buy” ratings and price targets ranging from $1,500.00 to $2,000.00. The company’s performance metrics show a market capitalization of $789.21 billion, a PE ratio of 73.08, and a beta of 1.17.
Broadcom recently announced a quarterly dividend of $5.25 per share, with a payout ratio of 90.32%. In terms of internal activity, there have been insider sales of company shares totaling millions of dollars. Hedge funds have also made changes to their positions in Broadcom, acquiring new stakes or increasing existing ones.
Looking at the company’s financial data, Broadcom reported earnings of $10.96 per share in the last quarter, beating analyst expectations. The company had a net margin of 24.10% and a return on equity of 35.82%. Additionally, the company’s revenue for the quarter increased by 43.0% year over year. Analysts predict Broadcom to post an EPS of 36.87 for the current year.
Overall, Broadcom Inc. continues to be a focus of investor interest and analyst optimism. With positive growth forecasts, strong performance metrics, and ongoing financial activities, the company remains a prominent player in the semiconductor industry.
Article Source
https://www.marketbeat.com/instant-alerts/nasdaq-avgo-percent-decline-2024-06-21/
