In its latest Form 13F filing with the SEC, Nippon Life Global Investors Americas reported a 24.4% increase in its holding of Broadcom shares during Q3, acquiring an additional 59,440 shares to bring its total to 303,380 shares. This position now represents approximately 4.2% of the firm’s managed portfolio, making Broadcom its fifth-largest individual holding. As of the filing date, the shares were valued at just over $100 million, underscoring the asset manager’s conviction in Broadcom’s long-term semiconductor and infrastructure software businesses.

Broadcom reported its fiscal Q4 results on December 11, delivering $1.95 in earnings per share, surpassing consensus estimates by $0.08. Revenue for the quarter reached $18.02 billion, up 28.2% year-over-year and comfortably ahead of analyst forecasts of $17.46 billion. The company achieved a net margin of 36.2% and returned 37.5% on equity, reflecting strong operational leverage in both semiconductor and software segments. Year-over-year EPS growth of 37% highlights Broadcom’s ability to drive profitability despite ongoing macroeconomic headwinds.

In late December, Broadcom’s board approved a quarterly dividend of $0.65 per share, up from $0.59 in the prior distribution. The raised dividend, paid to shareholders of record on December 22, translates to an annualized yield of roughly 0.8% and represents a 10% increase over the prior payout. With a dividend payout ratio at approximately 55%, the company continues to balance capital return with reinvestment in R&D and strategic acquisitions, supporting its long-term growth trajectory.