Is Broadcom Stock a Buy?
Shares of networking semiconductor maker Broadcom (NASDAQ: AVGO) have had a wild year. After halving in value at one point back in late March, the stock has come roaring back to all-time highs. During its fiscal 2020 second-quarter earnings update (the three months ended May 3, 2020), the networking giant reported having such strong demand for some of its chips it was having difficulty keeping up. Besides keeping its long-term growth trajectory headed in the right direction, the report offered reassurance that the company's current 4% dividend yield is also on solid footing.
The indication is Broadcom did just fine during the height of the lockdown to halt the spread of the coronavirus. The company will release another update on its operations on Sept. 3. In the meantime, is it a buy?
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Source Fool.com
