In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Hold rating on Broadcom (AVGO). The company’s shares closed last Monday at $327.80, close to its 52-week high of $330.16.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 14.7% and a 64.9% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Dell Technologies, and Western Digital.
Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $340.90.
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Broadcom’s market cap is currently $130B and has a P/E ratio of 46.12. The company has a Price to Book ratio of 6.06.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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