Atalanta Sosnoff Capital Reduces Broadcom Stake to $97.68 Million
Atalanta Sosnoff Capital LLC has reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 15.8% during the first quarter of 2025, now holding shares valued at approximately $97.68 million. The institutional investor owned 583,383 shares after selling 109,306 shares in the period, which represents about 2.3% of its investment portfolio and positions Broadcom as its 14th largest investment.
Several other significant institutional investors also adjusted their holdings in Broadcom recently. Vanguard Group Inc. increased its stake by 0.4%, acquiring an additional 2,085,534 shares, bringing its total ownership to 477,220,137 shares, valued at around $79.9 billion. Price T Rowe Associates Inc. MD made a more substantial move, raising its stake by 37.8% to hold 65,509,579 shares worth $10.97 billion. Nuveen LLC entered the picture with a new stake estimated at $6.65 billion.
UBS Asset Management Americas LLC also added to its position, increasing its stake by 1.7% in the fourth quarter. It now owns 34,401,379 shares, valued at approximately $7.98 billion. Charles Schwab Investment Management Inc. also raised its holdings by 3.2%, now owning 33,852,310 shares worth about $5.67 billion. Collectively, institutional investors own 76.43% of Broadcom’s stock.
Analyst Ratings and Stock Performance
Broadcom has attracted attention from analysts, with multiple upgrades noted recently. Citigroup raised its price target from $285 to $315 and issued a “buy” rating in a report dated July 7, 2025. Goldman Sachs reiterated a “buy” rating, setting a price objective of $340. Meanwhile, HSBC upgraded its rating from “hold” to “buy,” setting a price target of $400. The consensus among analysts shows strong support for Broadcom, with three giving a “Strong Buy” rating, twenty-six issuing a “Buy” rating, and one maintaining a “Hold” rating. According to MarketBeat, the average target price for the stock is $302.58.
As of the latest trading session, Broadcom shares opened at $298.24. The company has demonstrated solid fundamentals with a quick ratio of 0.98 and a current ratio of 1.08. Its debt-to-equity ratio stands at 0.89. Over the past twelve months, Broadcom’s stock has fluctuated, hitting a low of $134.90 and a high of $317.35. The semiconductor manufacturer boasts a market capitalization of $1.40 trillion and a P/E ratio of 111.70.
Recent Financial Performance and Insider Activity
Broadcom recently reported its earnings for the quarter ending June 5, 2025. The company posted an earnings per share (EPS) of $1.58, surpassing the consensus estimate of $1.57 by $0.01. Its net margin was 22.64%, alongside a return on equity of 35.49%. Revenue for the quarter reached $15 billion, exceeding analyst expectations of $14.98 billion and reflecting a 20.2% year-over-year increase.
In terms of insider trading, Director Gayla J. Delly sold 3,000 shares of Broadcom on June 26, 2025, at an average price of $265.13, totaling approximately $795,390. Following this sale, she retained 33,352 shares valued at around $8.84 million. Another notable transaction involved Director Henry Samueli, who sold 473,898 shares on June 25, 2025, for approximately $125.74 million. After this sale, he owned 38,188,575 shares, valued at about $10.13 billion. Over the past ninety days, insiders have sold a total of 830,516 shares worth around $217.29 million, with insiders holding 2.00% of the company’s stock.
Broadcom Inc. specializes in designing, developing, and supplying a wide range of semiconductor devices, focusing on both digital and mixed-signal products. The company operates through two primary segments: Semiconductor Solutions and Infrastructure Software.
