Connors Investor Services Inc. Lowers Broadcom Stock Holdings

Institutional investor reduces stake in semiconductor manufacturer by 8.9% in Q3

Mar. 19, 2026 at 8:25am

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Connors Investor Services Inc. lowered its stake in Broadcom Inc. (NASDAQ:AVGO) by 8.9% during the 3rd quarter, according to a recent filing with the Securities & Exchange Commission. The fund owned 47,327 shares of the semiconductor manufacturer's stock after selling 4,632 shares during the period.

Why it matters

Broadcom is a major semiconductor company, so changes in institutional ownership of its stock can provide insights into investor sentiment and market trends around the company and the broader semiconductor industry.

The details

Connors Investor Services Inc. reduced its position in Broadcom by selling 4,632 shares during the third quarter. The fund now owns 47,327 shares of Broadcom stock, which were valued at $15,614,000 as of the most recent SEC filing.

  • Connors Investor Services Inc. lowered its stake in Broadcom during the 3rd quarter of 2026.

The players

Connors Investor Services Inc.

An institutional investor that manages a portfolio of stocks, including shares in semiconductor manufacturer 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

This filing indicates that one institutional investor has reduced its position in Broadcom, potentially signaling a shift in sentiment around the semiconductor company. However, Broadcom remains a widely held stock among institutional investors, with the majority maintaining a 'Moderate Buy' rating on the shares.