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 launch of new products like 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, citing concerns about AI developments such as DeepSeek. In contrast, Barclays raised its price target to $260, showing optimism about Broadcom’s prospects in AI and semiconductor technology. Significant bullish options activity was reported, indicating market optimism ahead of Broadcom’s earnings announcement on March 6th. The company’s year-to-date price performance is reported to be between 1.32% and 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
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