Bowie Capital Management Cuts Broadcom Stake by 72,863 Shares

Bowie Capital Management, LLC, managed by Cory Whitaker, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 72,863 shares.

Recent Updates on Broadcom Inc. stock

Broadcom (AVGO) shares have been volatile, recently sliding 8–9% over the month after prior weekly gains, yet they remain up roughly 50–60% over the past year. Despite the pullback, Wall Street keeps a StrongBuy consensus and average 12‑month targets around $458–$460, implying sizeable upside from the low‑$320s to low‑$340s.

Bullish analysts like Chris Caso and Harlan Sur see Broadcom as a key AI infrastructure winner, anchored by its custom AI ASIC partnership with Google’s TPUs and fast‑growing AI networking revenue. More cautious Gil Luria warns the AI ASIC business could face margin pressure as hyperscalers insource designs and squeeze suppliers, but even he values the stock near current levels, reflecting Broadcom’s durable networking franchise.

Spark’s Take on AVGO Stock

According to Spark, TipRanks’ AI Analyst, AVGO is a Outperform.

Score is driven primarily by strong financial performance (high margins and cash conversion) and upbeat earnings-call outlook led by accelerating AI growth and a large backlog. Offsetting the rating are a stretched valuation (high P/E with low yield) and a mixed/soft technical picture with negative MACD and the stock below its 50-day average.

To see Spark’s full report on AVGO stock, click here.

More about Broadcom Inc.

YTD Price Performance: -4.31%

Average Trading Volume: 31,662,483

Current Market Cap: $1570.2B