Hillsdale Investment Management Inc. reduced its stake in Broadcom Inc. by 17.1% in the third quarter, selling 6,950 shares and retaining 33,794 shares valued at approximately $11.15 million. This divestment comes amidst mixed signals for the semiconductor giant, including significant insider selling totaling $283.8 million in the past three months, despite a consensus “Buy” rating from analysts and positive catalysts like the new BroadPeak 5nm 6G DFE SoC and a large AI backlog. Broadcom also recently increased its quarterly dividend to $0.65.
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Hillsdale Investment Management Inc. Sells 6,950 Shares of Broadcom Inc. $AVGO
Hillsdale Investment Management Inc. reduced its stake in Broadcom Inc. by 17.1% in the third quarter, selling 6,950 shares and retaining 33,794 shares valued at approximately $11.15 million. This divestment comes amidst mixed signals for the semiconductor giant, including significant insider selling totaling $283.8 million in the past three months, despite a consensus “Buy” rating from analysts and positive catalysts like the new BroadPeak 5nm 6G DFE SoC and a large AI backlog. Broadcom also recently increased its quarterly dividend to $0.65.