On September 30, 2024, Vanguard Group Inc. made a significant addition to its investment portfolio by acquiring 20,337,248 shares of Broadcom Inc. (NASDAQ:AVGO). This transaction increased Vanguard's total holdings in Broadcom to 468,544,898 shares, marking a notable expansion in one of its key investment areas. The shares were purchased at a price of $172.50 each, reflecting a strategic move by the firm to bolster its position in the technology sector.
The best mutual funds again shunned Nvidia, but they did buy into one Magnificent Seven member — Meta stock.
Skyworks faces stiff competition and inventory issues. Its strong portfolio and design wins in the 5G and automotive sectors might boost recovery.