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MIG Capital, Llc, managed by Richard Merage, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 1,536 shares.
Recent Updates on Broadcom Inc. stock
Recent developments surrounding Broadcom Inc. (AVGO) include the introduction of new products like the 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. In terms of stock analysis, Morgan Stanley lowered its price target for Broadcom from $265 to $246 due to concerns over AI developments such as DeepSeek, while Barclays raised its target to $260, showing confidence in Broadcom’s AI and semiconductor technology prospects. There has been significant bullish options activity, reflecting market optimism ahead of the company’s earnings announcement expected on March 6th. The stock’s year-to-date price performance is reported between 1.32% and 1.65%, with a current market cap fluctuating 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: $1092.3B
