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Bristol Gate Capital Partners Inc., managed by Richard Hamm, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 4,055 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of 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 like DeepSeek. In contrast, 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 at 1.32%, with a current market cap of approximately $1101.7 billion.
More about Broadcom Inc.
YTD Price Performance: 1.65%
Average Trading Volume: 32,993,032
Current Market Cap: $1105.3B
