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Bessemer Group Inc. Trims Stock Position in Broadcom Inc. $AVGO
Bessemer Group Inc. has reduced its stock holdings in Broadcom Inc. (NASDAQ:AVGO) by 6.8% during the third quarter, selling 404,948 shares. Despite this reduction, Broadcom remains the firm’s seventh-largest position, representing approximately 2.8% of its total holdings with a value of over $1.8 billion. The article also details other institutional investor activity, positive analyst sentiment, financial performance, a recent dividend increase, and insider trading within Broadcom.