Broadcom Considers Stock Split to Widen Investor Access to Fast-Growing Semiconductor Leader
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Broadcom is a semiconductor and software leader well-positioned for growth in AI, cloud computing, and cybersecurity through acquisitions like VMware and Symantec.
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Strong financial performance has led to 450% stock growth in 5 years and a current share price over $1200, making it unattainable for some investors.
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A 101 stock split could bring the price to around $121/share, in line with other tech giants, while allowing Broadcom to diversify its investor base.
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Even without a split, Broadcom stock looks undervalued compared to tech sector averages, presenting upside for investors.
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Though 20% of Broadcom's revenue comes from Apple currently, that percentage will likely shrink as VMware revenue is consolidated, reducing customer concentration concerns.