Stock-Split Watch: Is Broadcom Next?
Share prices of semiconductor giant (NASDAQ: AVGO) gained a remarkable 91% in the past year, which may seem a tad surprising at first if we put the company's relatively slower growth in perspective.
After all, Broadcom's revenue in its fiscal 2023 (which ended on Oct. 29, 2023) increased only 8% to $35.8 billion. Its earnings, on the other hand, increased 12% to $42.25 per share. However, Broadcom's recently completed $69 billion acquisition of cloud computing and virtualization company VMware and its potential in the artificial intelligence (AI) chip market seem to have fueled the stock's run-up in the past year.
But after that red-hot rally, Broadcom shares are now priced at just over $1,100, close to the top of their 52-week range. This could give rise to a scenario in which Broadcom management could consider a stock split.
Source Fool.com
Broadcom Ltd. Aktie
Deutliches Buy-Überwiegen bei Broadcom Ltd. im Vergleich zu Sell-Einschätzungen.
Für Broadcom Ltd. sieht die Community ein Kursziel von 1384 €, was mehr als das Doppelte des aktuellen Kurses von 154.64 € ausmacht.
