The Latest Breaking News from Broadcom Inc

Broadcom Inc's (NASDAQ:AVGO) short percent of float has risen 5.41% since its last report. The company recently reported that it has 4.68 million shares sold short, which is 1.17% of all regular shares that are available for trading.

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 Inc's (NASDAQ:AVGO) short percent of float has fallen 16.18% since its last report. The company recently reported that it has 4.61 million shares sold short, which is 1.14% of all regular shares that are available for trading.

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…

Broadcom Inc's (NASDAQ:AVGO) short percent of float has fallen 3.55% since last its last report. The company recently reported that it has 5.50 million shares sold short, which is 1.36% of all regular shares that are available for trading.

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…