Seaport Global Initiates Coverage of Broadcom (SNSE:AVGOCL) with Buy Recommendation

Fintel reports that on April 30, 2025, Seaport Global initiated coverage of Broadcom (SNSE:AVGOCL) with a Buy recommendation.

What is the Fund Sentiment?

There are 5,713 funds or institutions reporting positions in Broadcom. This is an increase of 442 owner(s) or 8.39% in the last quarter. Average portfolio weight of all funds dedicated to AVGOCL is 1.44%, an increase of 176.21%. Total shares owned by institutions increased in the last three months by 5.24% to 4,338,716K shares.

What are Other Shareholders Doing?

CL:AVGOCL / Broadcom Inc. Shares Held by Institutions

Capital World Investors holds 196,969K shares representing 4.19% ownership of the company. In its prior filing, the firm reported owning 211,443K shares , representing a decrease of 7.35%. The firm increased its portfolio allocation in AVGOCL by 22.61% over the last quarter.

Capital International Investors holds 188,651K shares representing 4.01% ownership of the company. In its prior filing, the firm reported owning 188,723K shares , representing a decrease of 0.04%. The firm increased its portfolio allocation in AVGOCL by 31.51% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 146,329K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 147,554K shares , representing a decrease of 0.84%. The firm increased its portfolio allocation in AVGOCL by 31.35% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 126,429K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 121,868K shares , representing an increase of 3.61%. The firm increased its portfolio allocation in AVGOCL by 31.91% over the last quarter.

Geode Capital Management holds 102,207K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 99,189K shares , representing an increase of 2.95%. The firm increased its portfolio allocation in AVGOCL by 32.67% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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