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Gamco Investors, Inc. ET AL, managed by Mario Gabelli, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 44,691 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, 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. Bullish options activity was reported, 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
