Cedar Capital LLC trimmed its holdings in Broadcom Inc (NASDAQ:AVGO) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,305 shares of the semiconductor manufacturer’s stock after selling 189 shares during the period. Cedar Capital LLC’s holdings in Broadcom were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of Broadcom by 1.3% during the first quarter. Northern Trust Corp now owns 4,919,584 shares of the semiconductor manufacturer’s stock valued at $1,479,369,000 after buying an additional 62,461 shares during the last quarter. Jennison Associates LLC boosted its stake in Broadcom by 10.9% in the first quarter. Jennison Associates LLC now owns 3,650,806 shares of the semiconductor manufacturer’s stock valued at $1,097,834,000 after acquiring an additional 359,736 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Broadcom by 1.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,683,418 shares of the semiconductor manufacturer’s stock worth $506,221,000 after purchasing an additional 22,458 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Broadcom by 12.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,666,266 shares of the semiconductor manufacturer’s stock worth $501,062,000 after purchasing an additional 181,372 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Broadcom by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,644,308 shares of the semiconductor manufacturer’s stock worth $418,142,000 after purchasing an additional 96,233 shares in the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.

Broadcom stock opened at $298.01 on Thursday. The stock has a market cap of $116.48 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. Broadcom Inc has a 12-month low of $208.23 and a 12-month high of $323.20. The company has a fifty day simple moving average of $283.11 and a 200-day simple moving average of $286.75. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 1.53.

Broadcom (NASDAQ:AVGO) last announced its earnings …read more

Source:: Daily Times

      

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Cedar Capital LLC Sells 189 Shares of Broadcom Inc (NASDAQ:AVGO)

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