Morningstar Investment Management LLC, managed by Kunal Kapoor, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 1,522 shares.
Recent Updates on Broadcom Inc. stock
Recent developments in Broadcom Inc. (AVGO) include the introduction of new products and changes in price targets by financial analysts. Broadcom announced the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, emphasizing its commitment to innovation in data encryption and Fibre Channel technology. In terms of financial outlook, Morgan Stanley lowered Broadcom’s price target from $265 to $246, while Barclays raised it from $205 to $260, both maintaining an Overweight rating. The changes reflect varied perspectives on the semiconductor market and AI advancements. Additionally, a bullish option flow was detected with significant call trading, indicating investor interest ahead of expected earnings on March 6th.
More about Broadcom Inc.
YTD Price Performance: 1.32%
Average Trading Volume: 33,005,566
Current Market Cap: $1101.7B