(VIANEWS) – Shares of Broadcom (NASDAQ: AVGO) jumped by a staggering 28.06% in 21 sessions from $677.89 at 2023-05-18, to $868.11 at 11:41 EST on Monday, after two sequential sessions in a row of losses. NASDAQ is dropping 0.68% to $13,689.57, following the last session’s downward trend.
Broadcom’s last close was $868.11, 5.82% below its 52-week high of $921.78.
About Broadcom
Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing custom silicon solutions; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layer devices; and fiber optic components and RF semiconductor devices. The company also offers RF front end modules and filter; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; custom touch controllers; inductive charging; attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; optocouplers, industrial fiber optics, and motion control encoders and subsystems; light emitting diode, ethernet PHYs, switch ICs, and camera microcontrollers. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, Broadcom has a trailing twelve months EPS of $31.85.
PE Ratio
Broadcom has a trailing twelve months price to earnings ratio of 27.26. Meaning, the purchaser of the share is investing $27.26 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 63.67%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 20, 2023, the estimated forward annual dividend rate is 18.4 and the estimated forward annual dividend yield is 2.12%.
Volatility
Broadcom’s last week, last month’s, and last quarter’s current intraday variation average was 0.39%, 1.33%, and 1.48%.
Broadcom’s highest amplitude of average volatility was 1.67% (last week), 2.42% (last month), and 1.48% (last quarter).
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 2.2% and a negative 4.3%, respectively.
Volume
Today’s last reported volume for Broadcom is 6829894 which is 146.22% above its average volume of 2773820.
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