Fintel reports that on September 18, 2024, William Blair initiated coverage of Broadcom (XTRA:1YD) with a Outperform recommendation.
Analyst Price Forecast Suggests 21.39% Upside
As of August 26, 2024, the average one-year price target for Broadcom is 176,57 €/share. The forecasts range from a low of 140,25 € to a high of 224,31 €. The average price target represents an increase of 21.39% from its latest reported closing price of 145,46 € / share.
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The projected annual revenue for Broadcom is 37,804MM, a decrease of 19.25%. The projected annual non-GAAP EPS is 44.53.
What is the Fund Sentiment?
There are 4,899 funds or institutions reporting positions in Broadcom. This is an increase of 292 owner(s) or 6.34% in the last quarter. Average portfolio weight of all funds dedicated to 1YD is 1.21%, an increase of 4.80%. Total shares owned by institutions increased in the last three months by 3.15% to 436,403K shares.
What are Other Shareholders Doing?
Capital World Investors holds 22,420K shares representing 0.48% ownership of the company. In its prior filing, the firm reported owning 25,950K shares , representing a decrease of 15.74%. The firm increased its portfolio allocation in 1YD by 3.11% over the last quarter.
Capital International Investors holds 19,035K shares representing 0.41% ownership of the company. In its prior filing, the firm reported owning 20,999K shares , representing a decrease of 10.32%. The firm increased its portfolio allocation in 1YD by 11.64% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,640K shares representing 0.31% ownership of the company. In its prior filing, the firm reported owning 14,715K shares , representing a decrease of 0.51%. The firm increased its portfolio allocation in 1YD by 17.20% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,180K shares representing 0.24% ownership of the company. In its prior filing, the firm reported owning 11,090K shares , representing an increase of 0.81%. The firm increased its portfolio allocation in 1YD by 15.61% over the last quarter.
Capital Research Global Investors holds 11,022K shares representing 0.24% ownership of the company. In its prior filing, the firm reported owning 17,434K shares , representing a decrease of 58.17%. The firm decreased its portfolio allocation in 1YD by 25.73% over the last quarter.
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