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Intermede Investment Partners Ltd, managed by Barry Dargan, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 638,188 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of new products such as the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, emphasizing the company’s focus on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered its price target for Broadcom from $265 to $246, citing concerns about AI developments like DeepSeek. Conversely, Barclays raised its price target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. There has been significant bullish options activity, indicating market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance is reported around 1.32% to 1.65%, with a current market cap between approximately $1101.7 billion and $1107.9 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1092.3B