Broadcom Inc. (NASDAQ:AVGO) is on recovery track with 13.26% gain from a 1-year low price of $197.46. The company lost -6.43% to attain the price of $223.63 on 11/12/2018. Throughout the recent session, the prices were hovering between $220.28 and $231.87. These shares are 29.41% off its target price of $289.39 and the current market capitalization stands at $92.95B. The recent change has given its price a -4.37% deficit over SMA 50 and -21.72% deficit over its 52-week high. The stock witnessed -4% declines, 7.88% gains and -7.43% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AVGO’s volatility during a week at 3.85% and during a month it has been found around 3.46%.Broadcom Inc. (AVGO) Top Holders
Institutional investors currently hold around $84.94 billion or 88.5% in AVGO stock. Look at its top three institutional owners. Capital World Investors owns $11.71 billion in Broadcom Inc., which represents roughly 12.6% of the company’s market cap and approximately 13.79% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 31,537,964 shares of the stock are valued at $7.54 billion. The third largest holder is Blackrock Inc., which currently holds $6.2 billion worth of this stock and that ownership represents nearly 6.67% of its market capitalization.
At the end of June reporting period, 567 institutional holders increased their position in Broadcom Inc. (NASDAQ:AVGO) by some 38,382,291 shares, 502 decreased positions by 48,454,640 and 101 held positions by 268,586,374. That puts total institutional holdings at 355,423,305 shares, according to SEC filings. The stock grabbed 199 new institutional investments totaling 13,257,500 shares while 131 institutional investors sold out their entire positions totaling 11,933,577 shares.Broadcom Inc. (NASDAQ:AVGO) Insider Trades
Multiple company employees have indulged in significant insider trading. Broadcom Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Tan Hock E has sold 20,000 shares of Broadcom Inc. (AVGO) in trading session dated Oct. 15, 2018. These shares are worth $4,620,600 and were traded at $231.03 each. The SEC filing shows that Tan Hock E performed a sale of 20,000 shares. The President and CEO disposed these shares by way of transaction on Sep. 17, 2018. The company’s shares were given away at $238.62 per share worth to an income of some $4,772,400 on account of Tan Hock E.
President and CEO, Tan Hock E, sold 20,000 common shares of Broadcom Inc. (AVGO) in the open market. In a transaction dated Aug. 15, 2018, the shares were put up for sale at an average price of $204.9, raking in a sum of $4,098,000. After this sale, 109,834 common shares of AVGO are directly owned by the insider, with total stake valued at $24,562,177.
In the transaction dated Jul. 16, 2018, the great number of shares disposed came courtesy the President and CEO; Tan Hock E disposed a total of 20,000 shares at an average price of $202.08, amounting to approximately $4,041,600. The insider now directly owns 109,834 shares worth $24,562,177.
Several analysts have released their opinion on Broadcom Inc. (NASDAQ:AVGO), with 13 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 11 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.88 average brokerage recommendation.