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 |
