We're adding to our position in this chipmaker stock following a post-earnings pullback

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With shares set to open down about 4% following the semiconductor firm's quarterly results Thursday, we are stepping in to build up our newest position.

Shortly after the opening bell, we will be buying 17 shares of Broadcom , at roughly $886 apiece. Following the trade, Jim Cramer's Charitable Trust will own 50 shares of AVGO, increasing its weighting in the portfolio to 1.46% from 0.97%. With shares of Broadcom set to open down about 4% following the semiconductor firm's quarterly results Thursday, we are stepping in to build up our newest position . The move is a slight violation of our cost basis.

Industry Leader: Broadcom Annual revenue per employee: $605,318Annual profit per employee: $6,559Employees: 7,185Industry Laggard: National Semiconductor Annual revenue per employee: $224,877Annual profit per employee: $30,164Employees: 6,500

 

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