Professional
Added to YB: 2024-05-07
Pitch date: 2024-03-31
AVGO [bullish]
Broadcom Inc.
+178.01%
current return
Author Info
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Company Info
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally.
Market Cap
$1.8T
Pitch Price
$129.65
Price Target
N/A
Dividend
0.69%
EV/EBITDA
43.47
P/E
62.69
EV/Sales
24.35
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Show full summary:
Baron Opportunity Fund New Portfolio Holding: Broadcom Inc.
AVGO: AI demand driving growth to 35% of semi biz in FY24 from <5%. Custom chips for hyperscalers offer capex & energy savings. VMware deal to boost cash flow & earnings via subscription model transition. Underappreciated growth potential + strong FCF for buybacks & rising dividend.
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