Broadcom gains from earnings beat as institutional investors adjust holdings

Erste Asset Management GmbH increased its Broadcom (AVGO) stake by 6,145 shares in Q4, bringing its holding to 690,569 shares worth about $241 million. ING Groep NV trimmed its position, selling 438,772 shares and ending the quarter with 2,254,385 shares valued at roughly $780 million. Together, institutional investors own about 76 % of Broadcom’s stock.

Broadcom reported quarterly earnings of $2.44 per share, topping analysts’ $2.40 estimate, and revenue of $22.19 billion, up 47.9% year over year. The company announced a $0.65 per‑share dividend, payable June 30, and analysts upgraded the stock outlook. The earnings beat and dividend announcement have spurred varied sentiment among investors and analysts.