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Morningstar Investment Management LLC, managed by Kunal Kapoor, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 1,522 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 due to concerns about AI developments like DeepSeek, while Barclays raised its target to $260, expressing optimism about Broadcom’s prospects in AI and semiconductor technology. Significant bullish options activity was reported, 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 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
