Broadcom has been a stellar performer over the last 7 years and it is expected that the company will continue to grow at a healthy clip over the next 5 years as it moves to more software rather than a pure chip company. The company’s stock price is currently trading in a range of $528 – $575 per share,
Management has executed deftly during the pandemic and continues to make very good decisions that continue to add value to the company. The recent acquisition of VM Ware, a cloud virtualization company strengthens the company’s ecosystem of products and services and looks to deliver and add to free cash flow in the future. We believe that this stock can be purchased as a stand-alone investment or in a portfolio of balanced technology stocks.
According to our calculations, a $1000 investment made in February 2012 would be worth $16,653.93, or a 1,565.39% gain, as of February 17, 2022. Investors should keep in mind that this return excludes dividends but includes price appreciation. Source: Zacks’s Equity Research
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