Firsthand Capital Management Inc. Buys 5,000 Shares of Broadcom Inc.

The investment firm adds to its position in the semiconductor manufacturer.

Mar. 16, 2026 at 10:05am

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Firsthand Capital Management Inc. acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) in the third quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the semiconductor manufacturer's stock, valued at approximately $1,650,000. Broadcom now accounts for 2.8% of Firsthand Capital Management's investment portfolio, making it the firm's 13th largest holding.

Why it matters

This purchase by Firsthand Capital Management Inc. reflects the firm's confidence in Broadcom's long-term growth potential. As one of the world's largest semiconductor companies, Broadcom's products are critical components in a wide range of electronic devices, from smartphones to data center infrastructure. The investment highlights Broadcom's status as a key player in the semiconductor industry.

The details

According to the SEC filing, Firsthand Capital Management Inc. acquired the 5,000 shares of Broadcom stock during the third quarter of the year. The purchase valued the shares at approximately $1,650,000, making Broadcom the 13th largest holding in the firm's investment portfolio at 2.8% of total assets.

  • Firsthand Capital Management Inc. acquired the Broadcom shares in the third quarter of the year.

The players

Firsthand Capital Management Inc.

An investment management firm that acquired a new position in shares of Broadcom Inc.

Broadcom Inc.

A global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets.

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The takeaway

Firsthand Capital Management's investment in Broadcom reflects the semiconductor manufacturer's status as a key player in the industry. As a critical supplier of components for a wide range of electronic devices, Broadcom's long-term growth prospects continue to attract interest from institutional investors.