Broadcom (NASDAQ: AVGO) is one of the lesser-understood mega-caps in the semiconductor industry. As a B2B provider of semiconductors and enterprise software, it receives little exposure from the general public.

However, its success has taken its stock 5,100% higher since launching its IPO in 2009. And with demand for semiconductors and enterprise software increasing, it is likely to continue delivering significant returns for investors.

Broadcom launched its IPO at an opportune time. The company, then known as Avago Technologies, debuted almost a year after the global financial crisis when stocks had begun a recovery from one of the most notable declines in history.

Continue reading

Source Fool.com