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Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 92,502 shares.
Recent Updates on Broadcom Inc. stock
Broadcom Inc. (AVGO) has recently been involved in several significant developments and transactions. The company launched new products, including the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, focusing 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, expressing optimism about Broadcom’s prospects in AI and semiconductor technology. There has been notable bullish options activity, indicating market optimism ahead of Broadcom’s earnings expected 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. Additionally, hedge funds have made significant transactions, with some increasing and others decreasing their positions in Broadcom.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1092.3B
