Broadcom's (NASDAQ:AVGO) recent stock market performance hasn't been all that special. Since my last update
on this leading chip company, the shares have done a little better than
the NASDAQ, but have lagged the SOX pretty meaningfully, not to mention
lagging other notables like Qualcomm (NASDAQ:QCOM), Texas Instruments (NYSE:TXN), and Intel (NASDAQ:INTC).
I'm
not worried. Sure, as a Broadcom shareholder I'd love to see the stock
performing better, but the company's financial reports have been
positive and I believe there are strong tailwinds for both the wireless
and wired businesses. Uncertainty around M&A is a risk factor, as
are general market/economic conditions and competition, but I believe
Broadcom has the quality to be a long-term holding and the valuation
today isn't bad.
Read more here:
Execution And Opportunity Continue To Drive Broadcom
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