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Gotham Asset Management LLC, managed by Joel Greenblatt, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 5,067 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, emphasizing 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 due to concerns about AI developments like DeepSeek, whereas Barclays raised its target to $260, reflecting 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 is reported around 1.32% to 1.65%, with a current market cap varying between approximately $1101.7 billion and $1105.3 billion.
More about Broadcom Inc.
YTD Price Performance: 0.46%
Average Trading Volume: 32,928,909
Current Market Cap: $1105.3B
