Broadcom (NASDAQ: AVGO) has been an outstanding investment over the past three years, as shares of the semiconductor giant have shot up an impressive 240% during this time and outpaced the 27% gains clocked by the PHLX Semiconductor Sector index over the same period.

Broadcom announced their quarterly earnings to the delight of investors who bid shares almost 40% higher. Broadcom beat analyst expectations for earnings per share by $0.03. The company’s earnings per share results were $1.