Broadcom (AVGO) Technology Blue-Chip
This technology blue-chip represents an attractive opportunity for long-term investors regardless of their objectives. If you are an income investor it offers a 3.5% current yield that is growing and very well protected by cash flows.
If you are a growth-oriented investor, Broadcom offers double digit growth potential coupled with a low valuation providing a margin of safety. This trifecta of growth, income and value appear worthy of further investigation.
The following overview courtesy of Zacks Investment Research highlights these blue-chip dividend growth stock: “Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices and analog III-V based products.
Headquartered in San Jose, CA, Broadcom’s semiconductor solutions are used in end products such as enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays.
Broadcom’s infrastructure software solutions enable customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile, and cloud platforms. The company’s Symantec cyber security solutions portfolio, include endpoint, network, information and identity security solutions.
Broadcom also offer mission critical fibre channel storage area networking (“FC SAN”) products and related software in the form of modules, switches and subsystems incorporating multiple semiconductor products.
Broadcom has been aggressively pursuing strategic acquisitions to diversify end markets beyond semiconductors and has been looking to strengthen presence in the infrastructure software vertical particularly.”
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