Owl Creek Asset Management Boosts Broadcom Stake by 54K Shares

Owl Creek Asset Management, L.P., managed by Jeffrey Altman, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 54,533 shares.

Recent Updates on Broadcom Inc. stock

Broadcom (AVGO) has seen short-term volatility, recently falling as much as 9% over a week and 8.4% over a month, yet it remains up roughly 50%–60% over the past year, with Street 12‑month targets clustered around $458–$460 versus ~$320–$343. Analysts overall maintain a StrongBuy, citing Broadcom’s leading AI ASIC and networking position, though Gil Luria is cautious with a Hold and $335 target while top-ranked bulls like Chris Caso and Harlan Sur project powerful AI-driven growth tied to Google’s TPU roadmap and robust data-center networking demand.

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: -3.64%

Average Trading Volume: 31,613,381

Current Market Cap: $1576.7B