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Institutional investor increases stake in Broadcom, valued at nearly $48.35 million, amid stock market activity.
Institutional investor Townsquare Capital increased its stake in Broadcom Inc. by 43.3%, holding 208,553 shares worth $48.35 million.
Meanwhile, Petros Family Wealth acquired 2,548 shares valued at $591,000.
Broadcom has a market cap of $855.47 billion and a consensus rating of "Moderate Buy" with a $231.68 average price target.
The company's stock opened at $181.94 and has a beta of 1.05.
Cim Investment Management slightly reduced its stake, while NFP Retirement bought additional shares.
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Inversionista institucional aumenta la participación en Broadcom, valorada en casi $48,35 millones, en medio de la actividad bursátil.