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
Recently, Broadcom Inc. (AVGO) has been active with product innovation and financial adjustments. The company announced the Emulex Secure Fibre Channel Host Bus Adapters, aimed at addressing cybersecurity concerns with encryption solutions, and launched the Brocade G710 24-port 64G switch, expanding its Fibre Channel technology offerings. Financially, Barclays increased its price target for Broadcom to $260, reflecting optimism in AI technology, while Morgan Stanley lowered its target to $246 due to uncertainties around AI’s economic impact. Additionally, significant bullish options activity was detected, suggesting investor confidence ahead of Broadcom’s upcoming earnings report.
More about Broadcom Inc.
YTD Price Performance: 1.32%
Average Trading Volume: 33,005,566
Current Market Cap: $1101.7B
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