Will Broadcom’s Biggest Investors Buy More Shares on Momentum?

For Broadcom Corp. (NASDAQ:BRCM), in 2012, its stock is up 7.9 percent. In its recent first quarter earnings report, the company’s profits beat estimates but pessimism surrounds the stock with its weak guidance, flat revenue and declining net income. There is hope that its NetLogic acquisition will pay off with new technology and growth in cloud computing. With its BroadLight purchase, there’s opportunity through broadband access.

With Broadcom’s (NASDAQ:BRCM) first quarter earnings and its growth potential through its acquisitions, will its largest shareholders add to their current holdings? 650 institutional firms indicated owning shares of Broadcom Corp. (NASDAQ:BRCM) in Q1 2012. These firms reported owning a total of 426.186 million shares on 03/31/2012. The shares closed at $39.30 on 03/31/2012.

A Closer Look: Broadcom Earnings Cheat Sheet>>

Here are the ten largest positions in Broadcom Corp. at the end of March 31st, 2012.

Price t rowe associates inc held 44,585,774 shares on 03/31/2012 worth $1,752,220,884. This brought the portfolio total to 0.53%.

Fmr llc held 23,333,171 shares on 03/31/2012 worth $916,993,602. This brought the portfolio total to 0.17%.

Vanguard group inc held 20,841,252 shares on 03/31/2012 worth $819,061,188. This brought the portfolio total to 0.11%.

State street corp held 18,802,924 shares on 03/31/2012 worth $738,954,899. This brought the portfolio total to 0.11%.

Clearbridge advisors llc held 15,048,101 shares on 03/31/2012 worth $591,390,358. This brought the portfolio total to 1.11%.

Blackrock institutional trust company n.a. held 14,616,806 shares on 03/31/2012 worth $574,440,465. This brought the portfolio total to 0.13%.

Invesco ltd. held 12,481,307 shares on 03/31/2012 worth $490,515,356. This brought the portfolio total to 0.25%.

Capital research global investors held 11,520,000 shares on 03/31/2012 worth $452,735,991. This brought the portfolio total to 0.19%.

Oppenheimer funds inc held 9,515,534 shares on 03/31/2012 worth $373,960,479. This brought the portfolio total to 0.31%.

Bank of new york mellon corp held 8,752,729 shares on 03/31/2012 worth $343,982,243. This brought the portfolio total to 0.13%.

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