Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
First Pacific Advisors LLC, managed by Richard Atwood, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 283,844 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, showcasing the company’s focus on data encryption and Fibre Channel technology. Morgan Stanley lowered its price target for Broadcom from $265 to $246, citing concerns regarding AI developments like DeepSeek, while Barclays raised its target to $260, indicating confidence in Broadcom’s prospects in AI and semiconductor technology. There has been significant bullish options activity, reflecting market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance is reported between 1.32% and 1.65%, with a current market cap ranging from approximately $1101.7 billion to $1107.9 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1092.3B
