Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Sheaff Brock Investment Advisors LLC, managed by David S. Gilreath, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 2,713 shares.
Recent Updates on Broadcom Inc. stock
In recent developments, Broadcom Inc. (AVGO) announced the release of the Emulex Secure Fibre Channel Host Bus Adapters and the Brocade G710 24-port 64G switch, both aimed at enhancing data encryption and integrating into storage solutions. Morgan Stanley has lowered Broadcom’s price target from $265 to $246 while maintaining an Overweight rating, highlighting potential impacts from the DeepSeek release on AI-related stocks. Despite this, there is bullish sentiment in the options market for Broadcom, with significant call trading activity observed. Additionally, Barclays has raised its price target for Broadcom to $260, reflecting optimism in AI prospects and Broadcom’s technological advancements. Broadcom is also noted for securing a $7.5 billion credit facility, further supporting its growth initiatives.
More about Broadcom Inc.
YTD Price Performance: 1.32%
Average Trading Volume: 33,005,566
Current Market Cap: $1101.7B
