The Latest Breaking News from AVGO

Analysts boosted their price targets on Broadcom Inc (NASDAQ:AVGO) post Q1 FY22 results. Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700 (21% upside) and kept an Outperform.  The analyst said strong demand continues and will likely accelerate year-over-year this quarter, driven by enterprise IT, hyper-scale and cloud, switches upgrades…

Broadcom (NASDAQ:AVGO) reported its Q1 earnings results on Thursday, March 3, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Broadcom beat estimated earnings by 3.84%, reporting an EPS of $8.39 versus an estimate of $8.08.

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 19.96% on an annualized basis.

A whale with a lot of money to spend has taken a noticeably bearish stance on Broadcom. Looking at options history for Broadcom (NASDAQ:AVGO) we detected 68 strange trades.

A whale with a lot of money to spend has taken a noticeably bearish stance on Broadcom. Looking at options history for Broadcom (NASDAQ:AVGO) we detected 16 strange trades.

A whale with a lot of money to spend has taken a noticeably bearish stance on Broadcom. Looking at options history for Broadcom (NASDAQ:AVGO) we detected 37 strange trades.

Apple Inc (NASDAQ:AAPL) and Broadcom Inc (NASDAQ:AVGO) persuaded a U.S. appeals court to throw out a jury verdict requiring them to pay $1.1 billion, Reuters reports.  A Los Angeles federal jury found in 2020 that millions of iPhones, iPads, Apple Watches, and other devices using Broadcom chips infringed Caltech's data-transmission patents. A two-tier damage…

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a $750 price target after hosting management for an investor meeting. The price target implies an upside of 40.4%. The analyst is "feeling increasingly confident" about trends in 2022, given the recent acceleration in hyper-scale and cloud orders, the visibility provided…

Someone with a lot of money to spend has taken a bullish stance on Broadcom (NASDAQ:AVGO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.