#1 - Broadcom (NASDAQ:AVGO)
Retain and institutional investors have not been able to get enough of Broadcom Inc. (NASDAQ: AVGO). Shares have consistently traded above the company's average volume of around 3.07 million.
The stock price is soaring as well. AVGO stock has been up over 100% in the last 12 months, trading for over $1,300 a share as of March 21, 2014. And the stock price growth isn't a recent phenomenon. AVGO stock is up 373% in the last five years.
The bullish case for a split centers around the super cycle that is taking place in the semiconductor industry. To that end, hope for a stock split got more fuel since the company reported a double beat in their March 7, 2024 earnings report. An ideal time to split the stock is when a company believes it will have quarters and years of future growth.
Broadcom has split its stock three times. However, it has not issued a split since being acquired by Avago in 2016.
About Broadcom
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 operates in two segments, Semiconductor Solutions and Infrastructure Software.
Read More - Current Price
- $1,325.37
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 20 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1,285.41 (3.0% Downside)
