Y Intercept Hong Kong Ltd bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,084 shares of the semiconductor manufacturer's stock, valued at approximately $8,605,000. Several other institutional investors have also added to or reduced their stakes in the company....
Y Intercept Hong Kong Ltd bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,084 shares of the semiconductor manufacturer's stock, valued at approximately $8,605,000. Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Broadcom during the second quarter valued at about $18,579,549,000. Vanguard Group Inc. boosted its position in shares of Broadcom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after purchasing an additional 6,222,802 shares in the last quarter. Edgewood Management LLC bought a new stake in Broadcom in the 2nd quarter valued at about $1,571,438,000. Massachusetts Financial Services Co. MA grew its position in Broadcom by 115.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,017,340 shares of the semiconductor manufacturer's stock valued at $1,658,680,000 after purchasing an additional 3,224,739 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Broadcom by 8.4% in the second quarter. Invesco Ltd. now owns 38,449,630 shares of the semiconductor manufacturer's stock valued at $10,598,641,000 after buying an additional 2,978,768 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds. Get Broadcom alerts: Sign Up Insider Activity In related news, CEO Hock E. Tan sold 70,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $347.30, for a total value of $24,311,000.00. Following the transaction, the chief executive officer owned 132,836 shares of the company's stock, valued at approximately $46,133,942.80. This trade represents a 34.51% decrease in their o...