Sava Infond d.o.o. reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 10.9% in the third quarter, now holding 120,610 shares valued at approximately $39.8 million. Broadcom constitutes about 5.6% of Sava Infond d.o.o.'s portfolio and is its second-largest holding, despite the reduction. Analysts maintain a “Buy” rating on Broadcom with a consensus price target near $433.13, citing strong product offerings and AI backlogs, though valuation remains a sensitive point for the stock.
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Broadcom Inc. $AVGO Stake Reduced by Sava Infond d.o.o.
Sava Infond d.o.o. reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 10.9% in the third quarter, now holding 120,610 shares valued at approximately $39.8 million. Broadcom constitutes about 5.6% of Sava Infond d.o.o.'s portfolio and is its second-largest holding, despite the reduction. Analysts maintain a “Buy” rating on Broadcom with a consensus price target near $433.13, citing strong product offerings and AI backlogs, though valuation remains a sensitive point for the stock.