Stocks of Broadcom Inc (NASDAQ:AVGO) traded higher last session on Wall Street, down -1.43% to $200.72.
AVGO stock price is now 8.97% away from the 50-day moving average and 8.42% away from the 200-day moving average. The market capitalization of the company currently stands at $943.78B.
With the price target of $230, Seaport Research Partners recently initiated with Buy rating for Broadcom Inc (NASDAQ: AVGO). On April 02, 2025, Daiwa Securities Upgraded its previous ‘Outperform’ rating to ‘Buy’ on the stock keeping its target price maintained at $225, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, PAGE JUSTINE, Director sold 800 shares of the company’s stock on Apr 14 ’25. The stock was sold for $148,000 at an average price of $185.00. Upon completion of the transaction, the Director now directly owns 25,380 shares in the company, valued at $5.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’25, Chief Legal & Corp Affairs Ofc Brazeal Mark David sold 25,000 shares of the business’s stock. A total of $4,500,000 was realized by selling the stock at an average price of $180.00. This leaves the insider owning 465,956 shares of the company worth $93.53 million. A total of 1.99% of the company’s stock is owned by insiders.
During the past 12 months, Broadcom Inc has had a low of $124.71 and a high of $251.88. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.00, and a quick ratio of 0.91.
The net profit margin was 18.47% and return on equity was 14.85% for AVGO. The company reported revenue of $14.92 billion for the quarter, compared to $11.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.71 percent.
