Altimeter Capital Management, LLC, managed by Brad Gerstner, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 396,895 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) have been significant, with the launch of the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, highlighting 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 target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. Bullish options activity was reported, with a notable increase in call trading and implied volatility, indicating market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s YTD price performance is reported between 1.32% to 1.88%, with a current market cap ranging from $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: $1105.3B
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