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Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 480,538 shares.
Recent Updates on Broadcom Inc. stock
Broadcom Inc. (AVGO) has recently launched new products such as the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, emphasizing its focus on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley reduced its price target for Broadcom from $265 to $246, citing concerns about AI developments like DeepSeek. Conversely, Barclays raised its price target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. There has been significant bullish options activity, indicating market optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance ranges from 1.32% to 1.65%, with a current market cap between $1101.7 billion and $1107.9 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1092.3B
