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Broadcom shares have soared well past $1,000 in recent times.
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Broadcom facility in Cambridge UK, as seen in 2011. Broadcom Corporation was founded by professor-student pair Henry Samueli and Henry Nicholas from UCLA in 1991. In 1995 the company moved from its Westwood, Los Angeles office to Irvine, California. [1]
Avago Technologies Limited changed its name to Broadcom after acquiring Broadcom Corporation in January 2016. Avago's ticker symbol AVGO now represents the merged entity. Avago's ticker symbol AVGO now represents the merged entity.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Nvidia’s successful 10-for-1 split in June 2024 followed the stock’s meteoric rise. Shareholders will receive their additional shares of Broadcom after the stock market closes on July 12.
LSI Logic Corporation, was an American company founded in Santa Clara, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing. [3] [4]