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Manning & Napier Boosts Broadcom Stake by 22,013 Shares
Manning & Napier Advisors LLC, managed by Bill Manning, has increased its holdings in Broadcom Inc. (AVGO) by 22,013 shares. TipRanks’ AI Analyst, Spark, rates AVGO as “Outperform” due to strong financial performance, a bullish earnings outlook driven by AI growth, and confident Q2 guidance, despite near overbought technicals and valuation concerns. Broadcom’s year-to-date price performance is 21.98%, with a current market cap of $1976.4 billion.