#4 - Broadcom (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ: AVGO) is a solid chip stock for investors looking to invest for both growth and income. With approximately 60% market share, Broadcom is the leader in custom (ASIC) chips that are tailored to specific workloads.
In October 2024, the company noted that it was seeing demand for artificial intelligence as well as in 5G and networking. Broadcom is the world’s second-largest AI semiconductor supplier, only trailing NVIDIA.
Like NVIDIA, Broadcom delivered a 10-for-1 stock split for investors in 2024. But that hasn’t slowed AVGO stock down. It's still up over 60% in 2024. But where Broadcom may offer investors a less volatile option to NVIDIA is its dividend. Broadcom’s dividend has a 1.18% yield, which is on par with the average of S&P 500 companies. That dividend has been increasing for over 15 years, making the stock appealing to investors looking for growth and income.
About Broadcom
Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.
Read More - Current Price
- $168.92
- Consensus Rating
- Buy
- Ratings Breakdown
- 25 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $191.54 (13.4% Upside)
