5 Stocks to Buy According to Kevin McCarthy’s Breakline Capital

2. Broadcom Inc. (NASDAQ:AVGO)

Breakline Capital’s Stake Value: $5,450,000
Percentage of Breakline Capital’s Portfolio: 8.36%
Number of Hedge Fund Holders: 71

Broadcom Inc. (NASDAQ:AVGO) is a multinational technology firm that develops, manufactures, and sells semiconductors and infrastructure software. Mizuho analyst Vijay Rakesh boosted his price objective on Broadcom Inc. (NASDAQ:AVGO) to $725 from $700 on May 27 and reiterated a Buy recommendation on the stock.

Breakline Capital bought 8,655 shares of Broadcom Inc. (NASDAQ:AVGO), worth $5.45 million as of the first quarter of 2022 at an estimated average price of $593.96 per share. Ken Fisher’s Fisher Asset Management is Broadcom Inc. (NASDAQ:AVGO)’s largest investor. It owns 1.42 million shares worth $894.78 million.

Hedge funds have recently become more interested in Broadcom Inc. (NASDAQ:AVGO). The company was in 71 hedge funds’ portfolios at the end of the first quarter of 2022. There were 62 hedge funds in our database with long Broadcom Inc. (NASDAQ:AVGO) positions at the end of the preceding quarter.