Broadcom Inc. $AVGO Stake Boosted by Thrivent Financial for Lutherans

Market Beat
2026.05.21 08:11
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Thrivent Financial for Lutherans increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 3.2% in Q4, owning 2,230,482 shares valued at $772 million. Other institutional investors, including Vanguard and Invesco, also raised their holdings. Insider sales included 8,000 shares by S. Ram Velaga and 50,488 shares by Mark David Brazeal. Broadcom's stock opened at $417.76, with a market cap of $1.98 trillion and a P/E ratio of 81.59. The company reported $2.05 EPS for the last quarter, exceeding estimates.