Shares of Technology sector company Broadcom moved -9.7% today, and are now trading at a price of $138.0. The Large-Cap stock's daily volume was 55,625,539 compared to its average volume of 36,627,850. The S&P 500 index returned a -2.0% 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 Palo Alto and has 20,000 full time employees. Its market capitalization is $642,373,386,240. Broadcom currently offers its equity investors a dividend that yields 0.3% per year.
31 analysts are following Broadcom and have set target prices ranging from $156.0 to $240.0 per share. On average, they have given the company a rating of buy. At today's prices, AVGO is trading -29.04% away from its average analyst target price of $194.48 per share.
Over the last year, AVGO's share price has increased by 78.2%, which represents a difference of 54.7% when compared to the S&P 500. The stock's 52 week high is $185.16 per share whereas its 52 week low is $79.51. With average free cash flows of $12.73 Billion that have been growing at an average rate of 15.0% over the last 5 years, Broadcom is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 18,085,000 | 452,000 | 17,633,000 | 8.1 |
| 2022 | 16,736,000 | 424,000 | 16,312,000 | 22.45 |
| 2021 | 13,764,000 | 443,000 | 13,321,000 | 14.86 |
| 2020 | 12,061,000 | 463,000 | 11,598,000 | 25.18 |
| 2019 | 9,697,000 | 432,000 | 9,265,000 | 12.37 |
| 2018 | 8,880,000 | 635,000 | 8,245,000 |
