NorthCrest Asset Management, LLC reduced its exposure to Broadcom by $6.5 million, representing 0.17% of assets under management. The fund now holds 590,973 shares valued at $162.62 million. Broadcom remains NorthCrest’s second-largest equity holding. The company disclosed the sale of Broadcom shares in its latest SEC filing on July 10, 2025. Broadcom closed at $275.40 on July 10, 2025, with a one-year price change of 58.89%. The company offers semiconductor devices, infrastructure software, and system-on-chip solutions for various industries.

While NorthCrest reduced its stake in Broadcom, the company’s business remains strong, particularly in AI. Broadcom has seen substantial revenue and operating income growth in recent years, indicating scalability and potential for future growth. The company’s acquisition of VMware has boosted its infrastructure software segment, leading to increased annual recurring revenue. Despite a high price-to-earnings ratio, Broadcom’s solid fundamentals suggest continued growth ahead for this trillion-dollar company.

Read more at NASDAQ.: NorthCrest Dumps 30,024 Broadcom Shares in Q2 Filing