Broadcom Ltd (AVGO) Files Form 4 Insider Selling : Kirsten M. Spears Sells 1,178 Shares

Broadcom Ltd (AVGO): Kirsten M. Spears , Principal Accounting Officer of Broadcom Ltd sold 1,178 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $163.56 per share for a total value of $192,672.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Kirsten M. Spears (Principal Accounting Officer) sold 660 shares at $155.19 per share price.On Apr 19, 2016, Patricia H Mccall (VP & General Counsel) sold 916 shares at $155.19 per share price.Also, On Apr 19, 2016, Thomas H. Krause (Acting CFO &Principal Fin Ofcr) sold 1,308 shares at $155.19 per share price.On Apr 19, 2016, Charlie B Kawwas (SVP & Chief Sales Officer) sold 1,962 shares at $155.19 per share price.

Avago Technologies Ltd: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Avago Technologies Ltd which led to swings in the share price. The shares opened for trading at $162.14 and hit $165.05 on the upside , eventually ending the session at $164.14, with a gain of 0.27% or 0.44 points. The heightened volatility saw the trading volume jump to 29,14,348 shares. The 52-week high of the share price is $166 and the company has a market cap of $64,088 M . The 52-week low of the share price is at $100.

Avago Technologies Ltd Money Flow Index Chart

Company has been under the radar of several Street Analysts.Avago Technologies Ltd is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $190 .The Rating was issued on Jun 3, 2016.Avago Technologies Ltd is Reiterated by Sterne Agee CRT to Buy and the brokerage firm has raised the Price Target to $ 199 from a previous price target of $185 .The Rating was issued on Jun 3, 2016.Avago Technologies Ltd is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $185 .The Rating was issued on Jun 3, 2016.Avago Technologies Ltd is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 205 from a previous price target of $190 .The Rating was issued on Jun 3, 2016.Avago Technologies Ltd is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 188 from a previous price target of $162 .The Rating was issued on Jun 3, 2016.

Avago Technologies Limited (Avago) is a designer developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications enterprise storage wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporation’s (LSI’s) storage products and PLX Technology Inc.’s (PLX’s) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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