Mirova US LLC Boosts Broadcom Stake by 589,713 Shares

Mirova US LLC, managed by Philippe Zaouati, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 589,713 shares.

Recent Updates on Broadcom Inc. stock

Broadcom’s AVGO shares have been volatile, recently dropping 8–9% over the week and about 4–8% over the month, yet they remain up roughly 51–60% over the past year. Despite this pullback, Wall Street keeps a StrongBuy view, with average targets near $458–$460 versus ~$320–$331, implying sizable upside.

Analysts highlight Broadcom’s key role in AI custom chips and networking, especially as a major supplier for Google’s TPUs, with forecasts for multi‑million unit TPU deployments by 2027–2028 and sharply rising AI ASIC and networking revenue. High‑profile analysts Chris Caso and Harlan Sur recently reinforced bullish calls with $400 and $475 price targets, underpinned by EPS projections of ~$16–18 by 2027 and confidence that Broadcom will remain a core winner in the AI and data‑center spending cycle.

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: -0.62%

Average Trading Volume: 31,903,589

Current Market Cap: $1614.1B