Here's What You May Have Missed About Broadcom (AVGO)

Shares of Technology sector company Broadcom moved -3.2% today, and are now trading at a price of $558.44. The large-cap stock's daily volume was 1,187,993 compared to its average volume of 2,348,216. The S&P 500 index returned a -0.1% performance.

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 is based in San Jose and has 20,000 full time employees. Its market capitalization is $233,364,275,200. Broadcom currently offers its equity investors a dividend that yields 2.9% per year.

21 analysts are following Broadcom and have set target prices ranging from $540 to $775 per share. On average, they have given the company a rating of buy. At today's prices, AVGO is trading -13.6% away from its average analyst target price of $646.31 per share.

Over the last year, AVGO shares have gone down by -7.3%, which represents a difference of 10.2% when compared to the S&P 500. The stock's 52 week high is $645.31 per share and its 52 week low is $415.07. With average free cash flows of $12,624,000,000.0 that have been growing at an average rate of 20.8% over the last four years, Broadcom declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2022-10-31 16,736 -424 16,312 22.45
2021-10-31 13,764 -443 13,321 14.86
2020-10-31 12,061 -463 11,598 25.18
2019-10-31 9,697 -432 9,265 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.