Broadcom Inc. [AVGO] Is Currently 4.51 below its 200 Period Moving Avg: What Does This Mean?

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Broadcom Inc. [NASDAQ: AVGO] price surged by 4.51 percent to reach at $27.05. The company report on March 9, 2022 that Broadcom’s 100G/lane Optical PAM-4 DSP PHY Achieves Record Breaking Efficiency for Pluggable Transceiver Modules.


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Monolithic 400G PAM-4 DSP PHY with integrated TIA and high-swing laser driver delivers sub-7W DR4 module power.

Broadcom Inc. (NASDAQ: AVGO) today announced the demonstration of its 100G/lane optical PAM-4 DSP PHY with integrated transimpedance amplifier (TIA) and high-swing laser driver, the BCM87412, optimized for 400G DR4/FR4 module applications. Built on Broadcom’s proven 112G PAM-4 DSP platform, this highly integrated DSP PHY provides the highest level of CMOS integration and superior performance with lower power consumption, enabling sub-7W 400G DR4/FR4 modules to drive the industry transition to energy-efficient 400G Ethernet. Compared to industry benchmark results in the 9W range, this is a significant breakthrough in the module power reduction that delivers the lowest pJ/bit for DR4/FR4 modules available and drives the overall system power down to unprecedented levels for hyperscale data center and cloud providers.

A sum of 2563085 shares traded at recent session while its average daily volume was at 2.60M shares. Broadcom Inc. shares reached a high of $627.2169 and dropped to a low of $602.00 until finishing in the latest session at $626.43.

The one-year AVGO stock forecast points to a potential upside of 8.59. The average equity rating for AVGO stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Broadcom Inc. [AVGO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVGO shares is $685.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVGO stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Broadcom Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 04, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $659 to $686. The new note on the price target was released on March 04, 2022, representing the official price target for Broadcom Inc. stock. Previously, the target price had yet another raise from $750 to $775, while Rosenblatt kept a Buy rating on AVGO stock. On March 04, 2022, analysts decreased their price target for AVGO shares from 723 to 703.

The Average True Range (ATR) for Broadcom Inc. is set at 20.34, with the Price to Sales ratio for AVGO stock in the period of the last 12 months amounting to 8.86. The Price to Book ratio for the last quarter was 11.24, with the Price to Cash per share for the same quarter was set at 25.35. Price to Free Cash Flow for AVGO in the course of the last twelve months was 34.71 with Quick ratio for the last quarter at 2.20.

AVGO Stock Performance Analysis:

Broadcom Inc. [AVGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.94. With this latest performance, AVGO shares gained by 10.84% in over the last four-week period, additionally plugging by 24.22% over the last 6 months – not to mention a rise of 35.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVGO stock in for the last two-week period is set at 59.62, with the RSI for the last a single of trading hit 63.44, and the three-weeks RSI is set at 57.14 for Broadcom Inc. [AVGO]. The present Moving Average for the last 50 days of trading for this stock 583.70, while it was recorded at 609.77 for the last single week of trading, and 539.00 for the last 200 days.

Insight into Broadcom Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Broadcom Inc. [AVGO] shares currently have an operating margin of +31.64 and a Gross Margin at +54.23. Broadcom Inc.’s Net Margin is presently recorded at +24.54.

Return on Equity for this stock inclined to 27.56, with Return on Assets sitting at 8.89.

Broadcom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.40.

AVGO Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Broadcom Inc. go to 14.74%.

Broadcom Inc. [AVGO] Insider Position Details

There are presently around $199,521 million, or 82.70% of AVGO stock, in the hands of institutional investors. The top three institutional holders of AVGO stocks are: CAPITAL WORLD INVESTORS with ownership of 38,027,878, which is approximately -1.56% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 36,465,158 shares of the stock with an approximate value of $21.86 billion in AVGO stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $19.11 billion in AVGO stock with ownership of nearly -6.803% of the company’s market capitalization.

Positions in Broadcom Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 1,166 institutional holders increased their position in Broadcom Inc. [NASDAQ:AVGO] by around 14,757,408 shares. Additionally, 706 investors decreased positions by around 15,309,184 shares, while 214 investors held positions by with 302,812,966 shares. The mentioned changes placed institutional holdings at 332,879,558 shares, according to the latest SEC report filing. AVGO stock had 341 new institutional investments in for a total of 1,303,060 shares, while 70 institutional investors sold positions of 662,110 shares during the same period.

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