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Gladstone Capital Management Llp, managed by David Gladstone, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 59,200 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) highlight the company’s launch of 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 reduced its price target from $265 to $246, due to concerns over AI developments such as DeepSeek. In contrast, Barclays increased its price target to $260, maintaining optimism about Broadcom’s prospects in AI and semiconductor technology. Significant bullish options activity suggests market optimism ahead of Broadcom’s earnings expected on March 6th. The year-to-date price performance is reported between 1.32% and 1.65%, with a current market cap around $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
