<p>最近幾個月，股票分拆在已經充滿活力的牛市中引起了很多激動。從零售到科技等各行各業的公司在長期上漲後推出這些分拆，以降低股價。投資者通常讚賞股票分拆，因為較低的每股價格使更廣泛範圍的買家更容易參與投資機會。</p>
<p>科技巨頭 <strong>博通</strong>（AVGO -1.19%）是最新加入令人興奮的股票分拆行列的公司，類似的還有 <strong>英偉達</strong> 和 <strong>Chipotle Mexican Grill</strong>。這家半導體和網絡公司於 7 月 12 日完成了其 10 對 1 的分拆，股票從 7 月 15 日開始在調整後的基礎上交易。如今，每股交易價格約為 170 美元，而僅幾周前還是 1600 美元。</p>
<p>即使在高每股價格標籤下，博通股票在上半年上漲了超過 40%，增加了三位數的三年收益。現在的問題是，在其新的較低價格下，這支股票接下來會怎麼樣？讓我們從歷史中尋找一些線索。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83ODM1MzcvZ2V0dHlpbWFnZXMtd29tYW4tcG9pbnRzLWF0LWNvbXB1dGVyLXdpdGgtYS1wZW4tdG8tc2hvdy1zb21ldGhpbmctdG8tYS1jb2xsZWFndWUuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83ODM1MzcvZ2V0dHlpbWFnZXMtd29tYW4tcG9pbnRzLWF0LWNvbXB1dGVyLXdpdGgtYS1wZW4tdG8tc2hvdy1zb21ldGhpbmctdG8tYS1jb2xsZWFndWUuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>對股票分拆的一瞥</h2>
<p>首先，簡要説明一下股票分拆。股票分拆涉及向現有股東發行額外股份，數量由分拆比率確定。正如前面提到的，這降低了股價，但並不改變公司的任何基本情況。即使一股的價格較低，這一舉措也不會影響公司的市值、您持有的價值或股票的估值。</p>
<p>這意味着股票分拆並不是買入或賣出特定股票的理由。相反，它們只是調整每股價格的機械性舉措。</p>
<p>儘管如此，它們可以被視為對公司的積極因素，因為它們使更小的投資者更容易參與特定股票，而無需依賴於零股。股票分拆也表明公司對其未來和股票從新的較低價格再次飆升的可能性有信心。</p>
<p>歷史告訴我們，博通股票在最近分拆後可能會做些什麼？隨着時間的推移，進行分拆的公司在分拆公告後的 12 個月內表現出超過市場的表現。根據 Statista 援引 <strong>美國銀行</strong> 研究投資委員會的數據，歷史上，進行股票分拆的公司在這段時間內的平均總回報超過 25%，而標普 500 指數的回報略低於 12%。</p>
<p>這並不意味着投資者僅僅因為這些公司分拆了他們的股票就在買入。相反，這些公司的穩健長期前景可能吸引了投資者，而新的較低每股價格使更多的買家更容易將特定股票加入其投資組合。</p>
<h2>博通是在走高還是走低？</h2>
<p>所有這些都表明，博通未來幾個月可能會進一步上漲，如果您已經持有該股票或正在考慮立即購買，這是個好消息。當然，重要的是要記住，歷史並不總是重複的。不可能以 100% 的準確率預測任何給定股票的表現。市場和個別股票隨時可能給投資者帶來驚喜或驚嚇。</p>
<p>這就是為什麼展望未來並考慮一家特定股票是否有能力在未來五到十年內表現出色，而不是專注於短期表現，是至關重要的。如果有的話，現在可能是一個很好的時機。</p>
<p>那麼，博通是一個穩健的長期買入嗎？該公司受益於人工智能（AI）高增長領域，但並非完全依賴於此。它還通過最近收購的雲軟件業務 VMware 實現了令人矚目的增長，並且業務多元化，銷售數千種產品，涵蓋數據中心網絡、家庭連接和工廠自動化等領域。</p>
<p>所有這些使得博通以 36 倍的前瞻性盈利預期交易，無論是跟隨歷史的腳步在未來 12 個月內飆升，還是不飆升，都是今天的買入機會。</p>

博通

<p>博通最近完成了一項 10 比 1 的股票分拆，將股價從 1600 美元降至 170 美元。歷史數據表明，進行股票分拆的公司往往在公佈後的 12 個月內表現出色。這可能表明博通未來可能會進一步獲利。然而，在做出任何投資決定之前，重要的是考慮長期前景和公司的基本面。博通業務多元化，並受益於人工智能高增長領域，這使其成為一個潛在的長期投資選擇</p>

<p>In recent months, stock splits have stirred up a lot of excitement in an already effervescent bull market. Companies in a wide variety of industries, from retail to technology, have launched these splits to bring down the prices of their shares after a long period of gains. Investors generally applaud stock splits because a lower per-share price makes it easier for a wider range of buyers to get in on the investment opportunity.</p>
<div class="lb-trans"><p>最近幾個月，股票分拆在已經充滿活力的牛市中引起了很多激動。從零售到科技等各行各業的公司在長期上漲後推出這些分拆，以降低股價。投資者通常讚賞股票分拆，因為較低的每股價格使更廣泛範圍的買家更容易參與投資機會。</p>
</div><p>Technology giant <strong>Broadcom</strong>(AVGO -1.19%) is the latest to join the list of exciting stock-split players such as <strong>Nvidia</strong> and <strong>Chipotle Mexican Grill</strong>. The semiconductor and networking company completed its 10-for-1 split on July 12, and the shares began trading on a split-adjusted basis on July 15. Today, each share trades for about $170, versus $1,600 just a few weeks ago.</p>
<div class="lb-trans"><p>科技巨頭 <strong>博通</strong>（AVGO -1.19%）是最新加入令人興奮的股票分拆行列的公司，類似的還有 <strong>英偉達</strong> 和 <strong>Chipotle Mexican Grill</strong>。這家半導體和網絡公司於 7 月 12 日完成了其 10 對 1 的分拆，股票從 7 月 15 日開始在調整後的基礎上交易。如今，每股交易價格約為 170 美元，而僅幾周前還是 1600 美元。</p>
</div><p>Broadcom stock, even at its high per-share price tag, climbed more than 40% in the first half of the year, adding to a triple-digit three-year gain. Now the question is, at its new lower price, what will the stock do next? Let's look to history for some clues.</p>
<div class="lb-trans"><p>即使在高每股價格標籤下，博通股票在上半年上漲了超過 40%，增加了三位數的三年收益。現在的問題是，在其新的較低價格下，這支股票接下來會怎麼樣？讓我們從歷史中尋找一些線索。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83ODM1MzcvZ2V0dHlpbWFnZXMtd29tYW4tcG9pbnRzLWF0LWNvbXB1dGVyLXdpdGgtYS1wZW4tdG8tc2hvdy1zb21ldGhpbmctdG8tYS1jb2xsZWFndWUuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F783537%2Fgettyimages-woman-points-at-computer-with-a-pen-to-show-something-to-a-colleague.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>A look at stock splits</h2>
<div class="lb-trans"><h2>對股票分拆的一瞥</h2>
</div><p>First, a quick note on stock splits, in general. A stock split involves the issuance of additional shares -- the number determined by the ratio of the split -- to current shareholders. This, as mentioned, lowers the share price -- but it doesn't change anything fundamental about the company. Even though the price of one share is lower, the move doesn't impact the market value of the company, the value of your holding, or the stock's valuation.</p>
<div class="lb-trans"><p>首先，簡要説明一下股票分拆。股票分拆涉及向現有股東發行額外股份，數量由分拆比率確定。正如前面提到的，這降低了股價，但並不改變公司的任何基本情況。即使一股的價格較低，這一舉措也不會影響公司的市值、您持有的價值或股票的估值。</p>
</div><p>This means stock splits aren't reasons to buy or sell a particular stock. Instead, they're simply mechanical moves to adjust per-share prices.</p>
<div class="lb-trans"><p>這意味着股票分拆並不是買入或賣出特定股票的理由。相反，它們只是調整每股價格的機械性舉措。</p>
</div><p>That said, they can be seen as positive for a company because they make it easier for smaller investors to get in on a particular stock without relying on fractional shares. Stock splits also suggest the company is confident about its future and the likelihood that the stock, from its new lower price, could soar once again.</p>
<div class="lb-trans"><p>儘管如此，它們可以被視為對公司的積極因素，因為它們使更小的投資者更容易參與特定股票，而無需依賴於零股。股票分拆也表明公司對其未來和股票從新的較低價格再次飆升的可能性有信心。</p>
</div><p>What does history tell us about what Broadcom stock may do following its recent split? Over time, companies that perform splits have shown market-beating performance in the 12 months following the announcement of a split. Historically, stock-split players have delivered an average total return of more than 25% over this period, compared to a return of just under 12% for the S&amp;P 500, according to Statista, citing <strong>Bank of America</strong>'s Research Investment Committee data.</p>
<div class="lb-trans"><p>歷史告訴我們，博通股票在最近分拆後可能會做些什麼？隨着時間的推移，進行分拆的公司在分拆公告後的 12 個月內表現出超過市場的表現。根據 Statista 援引 <strong>美國銀行</strong> 研究投資委員會的數據，歷史上，進行股票分拆的公司在這段時間內的平均總回報超過 25%，而標普 500 指數的回報略低於 12%。</p>
</div><p>This doesn't mean investors are buying just because these companies split their stocks. Instead, these companies' solid long-term outlooks may have attracted investors -- and the new, lower per-share price has made it easier for more of these buyers to add the particular stock to their portfolios.</p>
<div class="lb-trans"><p>這並不意味着投資者僅僅因為這些公司分拆了他們的股票就在買入。相反，這些公司的穩健長期前景可能吸引了投資者，而新的較低每股價格使更多的買家更容易將特定股票加入其投資組合。</p>
</div><h2>Is Broadcom heading higher or lower?</h2>
<div class="lb-trans"><h2>博通是在走高還是走低？</h2>
</div><p>All of this suggests Broadcom could be headed for more gains in the months to come, which is great news if you already hold the stock or are thinking of buying right now. Of course, it's important to remember that history <em>doesn't always</em> repeat itself. It's impossible to predict the performance of any given stock with 100% accuracy. The market and individual stocks could surprise investors negatively or positively at any time.</p>
<div class="lb-trans"><p>所有這些都表明，博通未來幾個月可能會進一步上漲，如果您已經持有該股票或正在考慮立即購買，這是個好消息。當然，重要的是要記住，歷史並不總是重複的。不可能以 100% 的準確率預測任何給定股票的表現。市場和個別股票隨時可能給投資者帶來驚喜或驚嚇。</p>
</div><p>This is why it's key to look ahead and consider whether a particular stock has what it takes to excel over the coming five to 10 years instead of focusing on short-term performance. If it does, now could be a great time to get in on that player.</p>
<div class="lb-trans"><p>這就是為什麼展望未來並考慮一家特定股票是否有能力在未來五到十年內表現出色，而不是專注於短期表現，是至關重要的。如果有的話，現在可能是一個很好的時機。</p>
</div><p>So is Broadcom a solid long-term buy? The company is benefiting from the high-growth area of artificial intelligence (AI), but it isn't entirely dependent on it. It's also generating impressive growth from its recent acquisition of cloud software business VMware and is well diversified, selling thousands of products used in areas from data center networking to home connectivity and factory automation.</p>
<div class="lb-trans"><p>那麼，博通是一個穩健的長期買入嗎？該公司受益於人工智能（AI）高增長領域，但並非完全依賴於此。它還通過最近收購的雲軟件業務 VMware 實現了令人矚目的增長，並且業務多元化，銷售數千種產品，涵蓋數據中心網絡、家庭連接和工廠自動化等領域。</p>
</div><p>All of this makes Broadcom, trading at 36x forward earnings estimates, a buy today -- whether it follows history's lead and soars over the coming 12 months or not.</p>
<div class="lb-trans"><p>所有這些使得博通以 36 倍的前瞻性盈利預期交易，無論是跟隨歷史的腳步在未來 12 個月內飆升，還是不飆升，都是今天的買入機會。</p>
</div>

博通剛剛進行了股票拆分。歷史數據顯示，股票接下來可能會有這些表現