LemonTrades
TL;DR
- Broadcom split 10-for-1. Shares began trading at the new price on July 15, 2024, closing that day at $171.42.
- Each share became 10. A single pre-split share would be worth 10 times today’s price, shown live below.
- No new split has been announced. With the stock under $300, there’s little reason for one now.
- LemonTrades tells you what moved Broadcom, and why, as it happens, and warns you before its earnings.
A split doesn’t change what you own, only how many pieces it’s cut into. Here’s how Broadcom’s worked.
The key dates
| Date | What happened |
|---|---|
| June 12, 2024 | Broadcom announced the split with its earnings |
| July 11, 2024 | Record date for the new shares |
| July 12, 2024 | Nine more shares for each one held, after the close |
| July 15, 2024 | Trading began at the split-adjusted price |
What it meant for holders
| Before | After | |
|---|---|---|
| Shares | 10 | 100 |
| Price | About $1,700 | About $170 |
| Total value | About $17,000 | About $17,000 |
| Tax | – | None |
Broadcom said it wanted to make its shares more accessible to investors and employees. Buying a whole share took about $1,700 before the split.
Will Broadcom split again?
Nothing’s been announced. Companies usually split when a share price gets high, and Broadcom’s is low by that standard. It’s near its 52-week low of about $290, well below its high of about $495. Analysts’ average target is about $527, though many haven’t caught up with the recent fall. Another split would only make sense after a much bigger rise.
Other recent splits
See Nvidia’s splits, Netflix’s, Meta and splits, and whether Apple will split again. A split that goes the other way is covered in what a reverse stock split is.
Sources
- SEC: Broadcom’s 8-K announcing the split
- SEC: Broadcom’s 10-Q
- StockAnalysis: Broadcom analyst forecasts
Education, not financial advice. See our disclaimer.
