Bridgewater Associates, LP, managed by Ray Dalio, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 298,143 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the introduction of the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, aimed at enhancing data encryption and improving Fibre Channel technology. Morgan Stanley lowered the company’s price target from $265 to $246 due to concerns about AI developments like DeepSeek, while Barclays raised its price target to $260, citing optimism in Broadcom’s AI and semiconductor prospects. Additionally, there has been bullish options activity with increased call trading and implied volatility, indicating market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance stands at 1.32% with a current market cap of $1101.7 billion.
More about Broadcom Inc.
YTD Price Performance: 1.65%
Average Trading Volume: 32,993,032
Current Market Cap: $1105.3B
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com