5 Stocks to Buy According to William Von Mueffling’s Cantillon Capital Management

3. Broadcom Inc. (NASDAQ:AVGO)

Cantillon Capital Management’s Stake Value: $652,180,000
Percentage of Cantillon Capital Management’s Portfolio: 4.65%
Number of Hedge Fund Holders: 71

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor device designer, developer, and supplier specializing in analog III-V-based products and complicated digital and mixed signal semiconductor devices. Ken Fisher’s Fisher Asset Management held the most significant stake in Broadcom Inc. (NASDAQ:AVGO) at the end of the Q1 2022, valued at $894.78 million.

On July 20, Ross Seymore, an analyst at Deutsche Bank, reduced his price objective for Broadcom Inc. (NASDAQ:AVGO) from $700 to $635 to reflect the semiconductor cycle’s current limbo stage. However, he maintained a Buy rating on the shares.

Cantillon Capital Management held 1.04 million shares of Broadcom Inc. (NASDAQ:AVGO), worth over $652.18 million. This represented 4.65% of its portfolio. The hedge fund’s stake in Broadcom Inc. (NASDAQ:AVGO) stock increased by 3% in Q1 2022.

Of the 900+ hedge funds tracked by Insider Monkey, 71 reported ownership of positions in Broadcom Inc. (NASDAQ:AVGO) at the close of the first quarter, with a collective stake value of $5.49 billion. In contrast, 62 hedge funds owned stakes in Broadcom Inc. (NASDAQ:AVGO) a quarter ago.

Here’s what ClearBridge Investments said about Broadcom Inc. (NYSE:AVGO) in its Q4 2021 investor letter:

“However, ClearBridge portfolio companies are responding by supporting their workforces and showing resilience in adapting and thriving. Semiconductor companies ClearBridge owns and engages with have been successful in advancing vaccinations in their global supply chains. In Malaysia, for example, Broadcom has taken part in PIKAS, a public-private partnership vaccination program focusing on the workforce in critical manufacturing sectors. By the summer of 2021 Broadcom was able to get over 90% of workers in its Penang factory at least one dose of vaccine, and roughly 73% fully vaccinated. Companies in the program also pay the administration cost for vaccinations including cases where the employee is no longer employed by the company before full immunization of the employee.”