Broadcom Inc. is a Broadcom–the combined entity of Broadcom and Avago–boasts a highly diverse product portfolio across an array of end markets.
Among the S&P 500’s biggest fallers on Thursday March 04 was Broadcom Inc. (AVGO). The stock experienced a 4.2% decline to $443.59 with 3.26 million shares changing hands.
Broadcom Inc. started at an opening price of 461.67 and hit a high of $467.00 and a low of $441.43. Ultimately, the stock took a hit and finished the day at $19.47 per share. Broadcom Inc. trades an average of n/a shares a day out of a total 408.23 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Broadcom Inc. hit a high of $495.15 and a low of $155.67 over the last year.
Broadcom–the combined entity of Broadcom and Avago–boasts a highly diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets. Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, and Symantec’s enterprise security business to bolster its offerings in infrastructure software.
With its headquarters located in San Jose, CA, Broadcom Inc. employs 21,000 people. After today’s trading, the company’s market cap has fallen to $181.09 billion, a P/S of n/a, a P/B of 7.59, and a P/FCF of n/a.