Bowie Capital Management Cuts Broadcom Stake by 72,863 Shares

NodeGuardian · 2026-03-05T15:48:09+00:00

Bowie Capital Management reduced its Broadcom stake by 72,863 shares. Despite volatility, AVGO shares have risen significantly over the past year, with analysts giving a Strong Buy consensus and positive outlook, though some valuation concerns remain.

NodeGuardian

2026-03-05 15:48:09

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Bowie Capital Management, led by Cory Whitaker, recently reduced its stake in Broadcom Inc. (AVGO) by 72,863 shares. Despite recent volatility, Broadcom shares are up significantly over the past year, and analysts maintain a Strong Buy consensus with an average 12-month target implying considerable upside. TipRanks’ AI Analyst, Spark, rates AVGO as “Outperform” due to strong financial performance and an upbeat earnings outlook, though it notes valuation concerns and a mixed technical picture.

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