Stock Split Boosts Broadcom Shares $3.19

The stock price of Broadcom Corp., the high-flying Irvine chip developer, jumped $3.19 a share to close at $171.75 Monday after the company’s previously announced 2-for-1 stock split took effect.

The stock split is Broadcom’s second since going public in the spring of 1998. The first split occurred last February. Broadcom has 104.6 million shares outstanding and a market capitalization of nearly $35.8 billion.