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Broadcom sees increased investment stakes from major firms, signaling confidence in the company despite high P/E ratio.
Several investment firms increased their stakes in Broadcom Inc., a semiconductor manufacturer with a $1.13 trillion market cap, during the first quarter.
Notable investors like Graves Light Lenhart Wealth Inc. and Strong Tower Advisory Services raised their holdings by 7.4% and 29.1%, respectively.
Broadcom's stock, currently at $239.50, has a high P/E ratio of 195.35 and a dividend payout ratio of 113.46%.
The company recently announced a share buyback program, suggesting the board believes the stock is undervalued.
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Broadcom ve un aumento de las participaciones de inversión de las principales empresas, lo que indica la confianza en la empresa a pesar de la alta relación P / E.