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Night Owl Capital Management LLC, managed by John Kim, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 57,654 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the launch of new products like the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, reflecting the company’s emphasis on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered its price target for Broadcom from $265 to $246, citing concerns about AI developments such as DeepSeek. In contrast, Barclays raised its price target to $260, expressing optimism about Broadcom’s prospects in AI and semiconductor technology. There has been notable bullish options activity with increased call trading and implied volatility, indicating market optimism ahead of Broadcom’s earnings announcement on March 6th. The company’s year-to-date price performance is reported to be between 1.32% and 1.65%, with a current market cap ranging from approximately $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: $1105.3B
