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Broadcom's stock surged 15% in Q1, outpacing forecasts despite reduced institutional holdings.
Broadcom Inc. (AVGO) saw its shares rise 15% in the first quarter, despite institutional investors reducing their holdings.
The semiconductor company reported earnings of $1.58 per share, beating estimates by $0.01, with revenue at $15 billion, surpassing forecasts.
Analysts predict $5.38 in earnings per share for the year.
The stock has a "Buy" rating and an average price target of $294.92.
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Las acciones de Broadcom se dispararon un 15% en el primer trimestre, superando las previsiones a pesar de la reducción de las participaciones institucionales.