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 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 a focus on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered Broadcom’s price target from $265 to $246 due to concerns over AI developments like DeepSeek. Conversely, Barclays raised its price target to $260, maintaining an optimistic outlook on Broadcom’s prospects in AI and semiconductor technology. Bullish options activity with increased call trading and implied volatility was noted, indicating market optimism ahead of Broadcom’s earnings on March 6th. The company’s year-to-date (YTD) price performance stands at 1.32%, with a current market cap of $1101.7 billion.
More about Broadcom Inc.
YTD Price Performance: 1.65%
Average Trading Volume: 32,993,032
Current Market Cap: $1105.3B