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Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 29,088 shares.
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: -3.90%
Average Trading Volume: 29,116,816
Current Market Cap: $1667.6B