Finally, Broadcom Is Splitting Its Stock. But Does It Matter?
Many investors may have missed the rise of Broadcom (NASDAQ: AVGO). As a business-to-business chip and software designer, it may have escaped the notice of many consumer-oriented investors.
Nonetheless, amid a nominal stock price of approximately $1,700 per share, Broadcom has finally offered its first stock split (not counting the splits before the old Broadcom was bought by the current company once known as Avago). This will take place on July 12. But as the shares split, investors should ask whether the split ultimately matters to them.
On the surface, some Broadcom shareholders and observers may assume it matters a lot. The stock rose 12% in the trading session following the announcement, which boosted its popularity, at least temporarily.
Source Fool.com
Broadcom Ltd. Stock
With 64 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1384 € there is potential for a 839.96% increase which would mean more than doubling the current price of 147.24 € for Broadcom Ltd..
