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StockNews.com
StockNews.com
Business
Aditi Ganguly

3 Reasons to Buy Broadcom on the Dip

With a $236.37 billion market cap, Broadcom Inc. (AVGO) in Glen Rock, N.J., is one of the largest semiconductor solutions companies in the world. It provides industry-leading semiconductor and infrastructure software solutions to data centers, telecom, cyber security, and enterprise industries globally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software. Also, AVGO has an ISS Governance QualityScore of 4, indicating relatively low governance risk.

AVGO stock has declined 13.4% in price year-to-date and 9.1% over the past month. This compares with VanEck Vectors Semiconductor ETF's (SMH) 24.1% decline year-to-date and 12.5% slump over the past month.

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