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Platinum Investment Management, managed by Marcia Venegas, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 139,433 shares.
Recent Updates on Broadcom Inc. stock
Recent developments for Broadcom Inc. (AVGO) include the introduction of Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, focusing on data encryption and Fibre Channel technology. Despite these innovations, Morgan Stanley lowered Broadcom’s price target from $265 to $246 due to concerns about AI developments such as DeepSeek, while Barclays raised its target to $260, expressing optimism about Broadcom’s prospects in AI and semiconductor technology. The market showed bullish options activity, indicating optimism ahead of Broadcom’s earnings expected on March 6th. The company’s year-to-date price performance is reported to range between 1.32% and 1.65%, with a current market cap varying 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: $1092.3B
