
Bessemer Group Inc. Reduces Stock Position in Broadcom Inc. $AVGO

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Bessemer Group Inc. reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 2.9% in Q4, now holding 5,369,083 shares valued at approximately $1.86 billion. Other institutional investors, including Vanguard and Invesco, have also adjusted their positions. Broadcom's stock opened at $417.76, with a market cap of $1.98 trillion and a recent EPS of $2.05, surpassing estimates. The company announced a quarterly dividend of $0.65, yielding 0.6%. Analysts maintain a positive outlook with an average target price of $448.10.
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