Broadcom Inc. (NASDAQ:AVGO) stock price decreased by 0.6% on Tuesday, trading at a low of $1,623.42 and closing at $1,631.61 with a trading volume of 813,350 shares. Wall Street analysts have predicted growth for AVGO, with various firms issuing “buy” ratings and price targets ranging from $1,720.00 to $1,950.00. The company’s financials show a robust performance, with a quick ratio of 1.16, current ratio of 1.25, and a debt-to-equity ratio of 1.02. The 10-1 stock split on July 15 anticipates a positive outlook.
In the latest quarterly report, Broadcom exceeded earnings estimates, reporting an EPS of $10.96 and revenue of $12.49 billion. Additionally, the company announced a quarterly dividend and had insider trading activity, with directors selling shares. Hedge funds have shown interest in the stock, with various firms increasing their holdings. Overall, Broadcom Inc. continues to show strength in its semiconductor solutions and infrastructure software segments.
As of now, the company has an average rating of “moderate buy” and an average price target of $1,673.04. With positive quarterly results and strategic announcements like the upcoming stock split, Broadcom Inc. appears to be on a growth trajectory. Investors and analysts are keeping a close eye on the company’s performance for potential opportunities in the semiconductor market.
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/Technology%20abstract%20by%20Joshua%20Sortino%20via%20Unsplash.jpg?w=1200&resize=1200,0&ssl=1 "Up 42% YTD, How High Can Broadcom Stock Soar in 2025?")