Personal CFO Solutions LLC significantly increased its stake in Broadcom Inc. by 56.3% to 16,646 shares, valued at $5.49 million, making it their 12th largest holding. Despite this, significant insider selling has occurred, with CEO Hock E. Tan selling 70,000 shares for $24.3 million. Analysts are largely bullish on Broadcom, with most issuing “Buy” or “Strong Buy” ratings and an average target price near $433, supported by strong quarterly earnings and a reported $73 billion AI backlog, though valuation concerns persist due to the current stock price.
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Personal CFO Solutions LLC Has $5.49 Million Stock Position in Broadcom Inc. $AVGO
Personal CFO Solutions LLC significantly increased its stake in Broadcom Inc. by 56.3% to 16,646 shares, valued at $5.49 million, making it their 12th largest holding. Despite this, significant insider selling has occurred, with CEO Hock E. Tan selling 70,000 shares for $24.3 million. Analysts are largely bullish on Broadcom, with most issuing “Buy” or “Strong Buy” ratings and an average target price near $433, supported by strong quarterly earnings and a reported $73 billion AI backlog, though valuation concerns persist due to the current stock price.