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BlueChip Wealth Advisors LLC Takes $869,000 Position in Cisco Systems, Inc. $CSCO
BlueChip Wealth Advisors LLC has acquired a new stake of 12,706 shares in Cisco Systems, Inc., valued at approximately $869,000 during the third quarter. This investment comes amid Cisco’s new product announcements, including the Silicon One G300 chip and expanded AI-focused software offerings, which analysts believe could drive AI networking revenue and have led to price target increases. Despite positive analyst sentiment and strong quarterly earnings, the article notes a high P/E ratio and significant insider selling, suggesting potential profit-taking or valuation risks.