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Manning & Napier Boosts Broadcom Stake by 22,013 Shares
Manning & Napier Advisors LLC, managed by Bill Manning, has increased its stake in Broadcom Inc. (AVGO) by 22,013 shares. TipRanks’ AI Analyst, Spark, rates AVGO as “Outperform” due to strong financial performance, high margins, exceptional free cash flow, and a bullish earnings outlook driven by AI growth. However, Spark notes that valuation is a constraint given the high P/E and low dividend yield.