Top 5 Stock Picks of William Von Mueffling’s Cantillon Capital Management

3. Broadcom Inc. (NASDAQ:AVGO)

Cantillon Capital Management’s Stake Value: $500,905,000
Percentage of Cantillon Capital Management’s 13F Portfolio: 4.18%
Number of Hedge Fund Holders: 66

Broadcom Inc. (NASDAQ:AVGO) is a significant semiconductor device designer, developer, and global supplier. Fisher Asset Management is the largest stakeholder of Broadcom Inc. (NASDAQ:AVGO), with 1.47 million shares worth about $716.29 million.

William Stein, a Truist analyst, reduced his price objective on Broadcom Inc. (NASDAQ:AVGO) from $658 to $630 on September 2 while retaining a ‘Buy’ recommendation. Stein stated that owing to the company’s 3.3% dividend yield, his prediction of a 20% dividend growth this year, and the benefits of M&A, investors should purchase shares of Broadcom Inc. (NASDAQ:AVGO).

In the second quarter of 2022, 66 hedge funds were long Broadcom Inc. (NASDAQ:AVGO), with a total stake value of $4.03 billion. Cantillon Capital Management reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 1% in the second quarter, ending the period with a position worth $500.91 million.