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Is Broadcom Stock a Buy?

TheMotleyFool

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Broadcom's (NASDAQ: AVGO) stock rose to an all-time high after the chipmaker posted its third-quarter earnings on Sept. 2. Its revenue rose 16% year-over-year to $6.78 billion, beating estimates by $20 million.

Its non-GAAP net income increased 28% to $3.12 billion, or $6.96 per share, which topped estimates by a nickel. Its adjusted EBITDA rose 23% to $4.12 billion as its free cash flow grew 11% to $3.43 billion.

Broadcom's headline numbers look rock-solid, but does its stock still have room to run after nearly tripling over the past five years? Let's examine Broadcom's strategies, growth rates, and valuations to decide.

Source Fool.com

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