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Top 4 Broadcom Shareholders

Semiconductor manufacturer Broadcom (AVGO) can trace its roots to AT&T/Bell Labs, Lucent and Hewlett-Packard/Agilent. Now it is a force to reckon with in the chip business, comman🤡ding a market capও exceeding $89 billion as of July 2018.

In May 2015, Broadcom entered into a definitive agreement to be acquired by Avago Technologies. The total consideration for the transaction was $37 billion, a premium of more than 25% over the Br𒊎oadcom’s market cap before the deal was announced. The acquisition was completed in early 2016 to create a global diversified leader in both wired and wireless communication semiconductors. The combined company is based in Singapore and operates under the name Broadcom.

In what could've been the largest deal ever for the technology sector, Broadcom offered to acquire fellow chipmaker, Qualcomm (QCOM) in a $130 billion deal, offering $105 billion for the company and including over $25 billion in debt. Qualcomm's board of directors rejected the 🔥offer, forcing Broadcom to sweeten its offer to $121 billion, in addition to taking on the latter's debt. This attempted merger was ultimately shut down by President Trump, who cited national security concerns. 

On July 11, 2018, Broadcom  that it will acquire the enterprise technology company CA Technologies for $18.9 billion in cash. Raymond James Financial Inc. (RJF) and other Wall Street analysts questioned Broad🐽com's rationale and the stock dropped more than 10% in trade.

While the vast majority of Broadcom's stock is owned by institutions and mutual funds, insiders still hold a significant portion. Here are the top 4 individual Broadcom shareholders.

Henry Samueli 

Henry Samueli is Broadcom's largest shareholder, with 254,338 shares held directly as of April 3, 2018. Samueli is the co-founder and current chief technical officer of Broadcom. Samueli co-founded Broadcom with Henry Nicholas III in 1992 and is the current owner of the Anaheim Ducks hockey franchise.

Samueli was briefly preppedꦉ for jai♎l time when he pleaded guilty for lying to the SEC in 2008, but a judge threw out his guilty plea around a year later after Samueli testified in a related trial. Samueli is also known for his philanthropy through his Samueli Foundation, which focuses mostly on Jewish community organizations.

James V. Diller 

James V. Diller, Sr. has been the chair of Broadcom since March 4, 2010 and its independent director since April 2006. He is also the chair of Broadcom Cayman L.P., which has been a general partner of Broadcom Limited since April 2006. Diller served as the interim CEO and president of Intersil Corporation from December 09, 2012 to March 13, 2013. He founded Microsemi Storage Solutions, Inc. in 1983 and served as the company's CEO from 1983 to July 1997. He was also a director of Avago Technologies Finance Pte. Ltd. starting in April 2006. He holds a B.S. Degree in Physics from the University of Rhode Island. Diller directly holds 24,704 shares of Broadcom, and indirectly holds 119,500 shares indirectly through a trust.

Hock E. Tan 

The President and CEO of Broadcom, Hock E. Tan, is the second largest shareholder with 109,834 shares as of June 15, 2018, as per his last SEC filing. ♛He also 1.4 million shares in options. Hock E. Tan received a warm welcome in the White House by Donald Trump in November 2017, where he announced that Broadcom will move their headquarters back from Singapore ♊to the United States. Tan also made headlines for donating $20 million to MIT for autism research. 

Charlie B. Kawwas

Charlie B. Kawwas, Ph.D., has been the chief sales officer and senior vice president of Broadcom since June 03, 2015 and was also its senior vice president of sales until July 2015. Kawwas was also the chief sales officer and senior vice president of worldwide sales and corporate marketing for global sales and marketing at Broadcom. Kawwas joined Broadcom through the LSI acquisition. He received his bachelor’s degree in Computer Engineering, master’s degree in Electrical Engineering and Computer Engineering and a doctorate in Electrical and Computer Engineering from Concordia University, Montreal, Canada. Kawwas holds 66,707 shares as of June 12, 2018, including 38,375 restricted stock units (RSU).

Institutional and Mutual Funds 

The largest intuitional investor in Broadc⭕om is Capital World Investors, with 43.3 million shares, as of December 30, 2017, which translates to 10.55% of Broadcom stock. Trailing them is The Vanguard Group, with 28.9 million shares, also as of December 30, 2017, which totals 7.04% of the company. 

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