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Broadcom reported strong earnings, driving investment firm interest despite some selling.
Several investment firms adjusted their holdings in Broadcom Inc., with Kondo Wealth Advisors increasing its holdings by 6.5%, owning 1,282 shares.
Despite some firms reducing their holdings, the overall sentiment remains positive, with a "Buy" rating and a target price of $351.92.
Broadcom reported strong earnings of $1.69 per share, beating estimates by $0.03, on revenue of $15.95 billion, up 22% from last year.
The company's market cap is $1.69 trillion.
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Broadcom reportó ganancias fuertes, impulsando el interés de las firmas de inversión a pesar de algunas ventas.