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Ameriprise cuts Broadcom holdings, while Benjamin Edwards increases stake in the semiconductor firm.
Ameriprise Financial Inc. reduced its holdings of Broadcom Inc. by 4.4% in the fourth quarter, while Benjamin Edwards Inc. increased its stake by 3.4%, owning $65.50 million worth of shares.
Broadcom, valued at $957.50 billion, recently authorized a share repurchase of up to 1.4% of its shares.
The company has a high P/E ratio of 166.10 and operates in semiconductor and infrastructure software segments.
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Ameriprise recorta las acciones de Broadcom, mientras que Benjamin Edwards aumenta su participación en la firma de semiconductores.