Home News Technicals and Fundamentals Broadcom Inc. (NASDAQ: AVGO)

Technicals and Fundamentals Broadcom Inc. (NASDAQ: AVGO)

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Broadcom Inc. (AVGO) trades as part of the Technology sector and is in the Semiconductors industry. The company CEO is Hock E. TanBroadcom Inc is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves wired infrastructure, wireless communications, enterprise storage and industrial and other end markets.

Previous Intraday Trading Performance:

The Semiconductors company showed a previous change of 2.36% with an open at 231.30 and a close of 235.97. It reached an intraday high of 236.90 and a low of 231.00.

Liquidity:

The stock has a market cap of $96.9b with 410.8m shares outstanding, of which the float is 409.3mshares. Trading volume reached 2,874,375 shares compared to its average volume of 4,005,978shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Broadcom Inc. shares returned 2.43% and in the past 30 trading days it returned -4.75%. Over three months, it changed 0.13%. In one year it has changed 7.19% and within that year its 52-week high was 285.68 and its 52-week low was 221.98AVGO stock is 6.30% above its 52 Week Low.

Our calculations show a 200 day moving average of 248.62 and a 50 day moving average of 241.68. Currently AVGO stock is trading -5.09below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Earnings:

The last annual fiscal EPS for the company was reported at 4.01 that ended on October 31, 2017, which according to the previous close, that is a PE of 58.85. Based on 5 analyst estimates, the consensus EPS for the next quarter is 4.41. The TTM EPS is 15.92, which comes to a TTM PE of 14.82.

The following are the last four quarter reported earnings per share:
Jan 31, 2018:  4.71
Oct 31, 2017:  4.17
Jul 31, 2017:  3.73
Apr 30, 2017:  3.31

The dividend per share is currently 7.00, which is a dividend yield of 2.97%.

Indicators to Watch:

Based on the latest filings, there is 0.30% of insider ownership and 27.60% of institutional ownership.

Short-interest is 5,115,283, which is 1.25% of shares outstanding. The short-interest ratio or days-to-cover ratio is 1.03This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.90.

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 34.20%, return on assets is 14.75%, profit margin is 52.17%, price-to-sales is 6.47 and price-to-book is 3.66.

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The founder of Trading News Now (TNN) and contributor to the stock market trading community. Graduated from Brigham Young University - Idaho with a degree in financial economics. Aside from his extensive knowledge in fundamental analysis of publicly traded companies, other interests include programming and financial modeling.

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