Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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, 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 due to concerns about AI developments like DeepSeek, while Barclays raised its target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. Significant bullish options activity, with increased call trading and implied volatility, indicates market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance is reported around 1.32% to 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
