Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 92,502 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the announcement of the Emulex Secure Fibre Channel Host Bus Adapters, designed to encrypt data to protect against ransomware. Additionally, Broadcom introduced the Brocade G710 24-port 64G switch, highlighting its commitment to Fibre Channel technology. On the financial side, Morgan Stanley lowered Broadcom’s price target from $265 to $246, citing the impact of the DeepSeek release and its implications on the AI sector, while Barclays raised its target from $205 to $260, maintaining an Overweight rating. Meanwhile, bullish option activity was noted, with a significant number of calls trading and an increased implied volatility. Earnings for Broadcom are expected on March 6th.
More about Broadcom Inc.
YTD Price Performance: 1.32%
Average Trading Volume: 33,005,566
Current Market Cap: $1101.7B