NorthCrest Dumps 30,024 Broadcom Shares in Q2 Filing

Core Insights - NorthCrest Asset Management, LLC sold approximately $6.50 million worth of Broadcom shares, totaling 30,024 shares during Q2 2025, reducing its stake but still holding a significant position in the company [1][2][3] Company Overview - Broadcom has a market capitalization of $1.29 trillion, with a revenue of $57.05 billion and a net income of $13.24 billion for the trailing twelve months (TTM) [5] - The company has experienced a one-year price change of 62.3% and its shares closed at $275.40 on July 10, 2025, reflecting a 58.89% increase over the past year [3][5] - Broadcom's dividend yield is 0.84%, and its forward P/E ratio stands at 56.95 [4] Business Segments - Broadcom operates in the semiconductor and infrastructure software sectors, providing solutions for networking, broadband, wireless, storage, and industrial applications [5][6] - The company has seen significant growth in its infrastructure software segment, particularly following its $69 billion acquisition of VMware in November 2023, which has enhanced its enterprise software solutions [9][10] Financial Performance - Over the last five years, Broadcom's revenue grew by 145%, while operating income surged by 471%, indicating strong operating leverage and scalability [8] - The company has reported ten consecutive quarters of growth in its AI semiconductor segment, with the infrastructure software segment driving growth in recent months [9][10] Investment Position - After the recent sale, Broadcom accounts for 4.37% of NorthCrest's $3.72 billion in reportable U.S. equity assets, with top holdings including Nvidia, Microsoft, Apple, and Amazon [3]