Stock-Split Watch: Is Broadcom Next?
Does it feel like you've been here before? Semiconductor and software giant (NASDAQ: AVGO) executed a 10-for-1 stock split during the summer. Yet, here I am waving the flag for another potential stock split.
Maybe that's a good thing. Broadcom stock has soared nearly 30% since its last split, though most of that has come in just the past few weeks.
Does it make sense to split again? After all, stock splits don't make a stock fundamentally cheaper; they lower the share price by proportionately increasing the total share count.
Source Fool.com
Broadcom Ltd. Stock
€334.70
3.460%
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 387 € shows a slightly positive potential of 15.63% compared to the current price of 334.7 € for Broadcom Ltd..
