Broadcom Inc.’s stock rose 2.6% on Friday, reaching $1,627.64. Trading volume decreased by 51% compared to the average. Analysts have given positive ratings to the stock, with a consensus target price of $1,673.04. The company’s financials show a strong performance, with high revenue and earnings per share. A 10-1 stock split is scheduled for July 15. Broadcom also paid a quarterly dividend of $5.25 per share in June. Insiders have sold shares, and hedge funds have varying stakes in the company. Broadcom operates in the semiconductor industry, focusing on digital and mixed-signal devices.
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