Avago Technologies Limited (AVGO) Receives ‘Analyst’ Rating

Avago Technologies Limited (AVGO) : Zacks Investment Research ranks Avago Technologies Limited (AVGO) as 1, which is a Strong Buy recommendation. 21 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 24 research analysts is 1.1, which indicates as a Strong Buy.

Avago Technologies Limited (AVGO) : 23 Wall Street analysts covering Avago Technologies Limited (AVGO) believe that the average level the stock could reach for the short term is $200.26. The maximum price target given is $217 and the minimum target for short term is around $160, hence the standard deviation is calculated at $11.67.


Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Avago Technologies Limited (NASDAQ:AVGO). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $195 per share from a prior target of $184. The rating by the firm was issued on September 6, 2016.

Avago Technologies Limited (NASDAQ:AVGO): After opening at $169.33, the stock dipped to an intraday low of $168.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $173 and the buying power remained strong till the end. The stock closed at $172.72 for the day, a gain of 1.83% for the day session. The total traded volume was 3,633,051. The stocks close on the previous trading day was $169.61.

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 Corporations (LSIs) storage products and PLX Technology, Inc.s (PLXs) 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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