Coatue Management Trims Broadcom Stake, Sells 257,332 Shares

Coatue Management, LLC, managed by Philippe Laffont, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 257,332 shares.

Recent Updates on Broadcom Inc. stock

Broadcom (AVGO) shares have been volatile, recently falling around 8–9% over the past month after earlier gains, yet they remain up roughly 50–60% over the past year. Despite the pullback, Wall Street maintains a StrongBuy consensus with average 12‑month targets near $458–$460 versus current prices around $320–$331, implying sizable upside.

Bullish analysts such as Chris Caso and Harlan Sur highlight Broadcom’s key role in Google’s TPU roadmap and broader AI ASIC and networking demand, projecting multi‑billion‑dollar AI revenue ramps and strong EPS growth through 2027. A more cautious voice, Gil Luria, argues the AI ASIC business faces margin pressure as hyperscalers internalize designs, favoring networking as Broadcom’s most durable franchise while assigning Hold ratings and lower price targets near $335.

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: -3.64%

Average Trading Volume: 31,613,381

Current Market Cap: $1576.7B