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Broadcom beat earnings expectations, raised its dividend, while Nvwm LLC reduced its stake.
Hedge fund Nvwm LLC reduced its stake in Broadcom Inc. by 6.9%, selling 1,803 shares, while other investors like Sargent Investment Group and Ninety One SA increased their positions.
Broadcom beat earnings expectations with $1.42 EPS and $14.05 billion in revenue, up 51.2% year-over-year.
The company also raised its quarterly dividend to $0.59.
Institutional investors own 76.43% of Broadcom's stock, and analysts have issued positive ratings, predicting 5.38 EPS for the year.
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Broadcom superó las expectativas de ganancias, elevó su dividendo, mientras que Nvwm LLC redujo su participación.