Broadcom Inc (NASDAQ:AVGO) Shares Sold by Cohen & Steers Inc. – Mayfield Recorder
Cohen & Steers Inc. reduced its holdings in shares of Broadcom Inc (NASDAQ:AVGO) by 64.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The semiconductor manufacturer reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.10 by ($0.11). BMO Capital Markets reduced their price objective on Broadcom from $270.00 to $260.00 and set a “market perform” rating for the company in a research note on Friday, June 14th. Insiders sold a total of 71,922 shares of company stock worth $20,347,831 over the last ninety days.