(VIANEWS) - Shares of Broadcom (NASDAQ: AVGO) rose by a staggering 11.52% to $812.73 at 11:24 EST on Monday, after two sequential sessions in a row of gains. NASDAQ is rising 2.19% to $12,975.69, after two consecutive sessions in a row of gains. This seems, up until now, an all-around bullish trend trading session today.
Broadcom's last close was $812.73, 0.28% below its 52-week high of $814.98.
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 $29.66.
PE Ratio
Broadcom has a trailing twelve months price to earnings ratio of 27.4. Meaning, the purchaser of the share is investing $27.4 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 55.27%.Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Broadcom's stock is considered to be oversold (<=20).
More news about Broadcom (AVGO).