Gamco Investors, Inc. ET AL trims Broadcom stake

Gamco Investors, Inc. ET AL, managed by Mario Gabelli, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 1,522 shares.

Recent Updates on Broadcom Inc. stock

Over the past month Broadcom (AVGO) shares have been volatile, slipping roughly 4–8% (and at one point down about 9% on the week) despite still being up around 51–60% over the last year. Recent closes near $320–$331 sit well below Wall Street’s strongly bullish 12‑month average target of about $458–$460, implying substantial upside. Analysts continue to highlight Broadcom’s central role in the AI and data‑center buildout, especially its custom AI ASICs for Google’s Tensor Processing Units (TPUs) and expected multi‑year growth in AI networking revenue. Wolfe Research’s Chris Caso recently upgraded the stock to Buy with a $400 target, projecting AI ASIC revenue of roughly $44 billion in 2026 and $78.4 billion in 2027 and modeling EPS of $16–$18 by 2027, while J.P. Morgan’s Harlan Sur reiterated a Buy with a $475 target based on Broadcom’s dominant position in Google’s next‑gen 3nm “Sunfish” TPU ramp and robust AI‑driven earnings growth forecasts. Despite the recent pullback, consensus remains that current weakness is a pause in a longer‑term AI‑fueled uptrend.

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: -10.28%

Average Trading Volume: 30,920,766

Current Market Cap: $1460.5B