/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
Broadcom (AVGO), valued at a market cap of $980 billion, is among the largest semiconductor companies globally. The chip stock went public in 2009 and has since returned more than 13,000% to shareholders. If we adjust for dividend reinvestments, cumulative returns are closer to 17,800%.
Despite these market-thumping gains, AVGO stock is down more than 17% from all-time highs. But analysts see a path higher for AVGO over the next 12 months.