Broadcom Ltd (AVGO): Bryan Ingram , SVP & GM, Wireless Semicon Div of Broadcom Ltd sold 3,269 shares on Apr 18, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $155.19 per share for a total value of $507,312.84 , 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 13, 2016, Justine Lien (director) sold 578 shares at $157.43 per share price.On Apr 12, 2016, Patricia H Mccall (VP & General Counsel) sold 3,000 shares at $156.00 per share price.Also, On Apr 7, 2016, Charlie B Kawwas (SVP & Chief Sales Officer) sold 1,191 shares at $157.53 per share price.On Mar 30, 2016, Bruno Guilmart (director) sold 12,396 shares at $152.83 per share price.
Avago Technologies Ltd: On Monday, Apr 18, 2016 heightened volatility was witnessed in Avago Technologies Ltd which led to swings in the share price. The shares opened for trading at $155.35 and hit $156.4 on the upside , eventually ending the session at $155.9, with a gain of 0.26% or 0.41 points. The heightened volatility saw the trading volume jump to 15,29,690 shares. The 52-week high of the share price is $159.65 and the company has a market cap of $60,871 M . The 52-week low of the share price is at $100.
Company has been under the radar of several Street Analysts.Avago Technologies Ltd is Initiated by Cowen to Outperform and the brokerage firm has set the Price Target at $190. The Rating was issued on Apr 18, 2016.Avago Technologies Ltd is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 180 from a previous price target of $170 .The Rating was issued on Mar 4, 2016.Avago Technologies Ltd is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 185 from a previous price target of $180 .The Rating was issued on Mar 4, 2016.Avago Technologies Ltd is Reiterated by Craig Hallum to Buy and the brokerage firm has raised the Price Target to $ 190 from a previous price target of $175 .The Rating was issued on Mar 4, 2016.Avago Technologies Ltd is Reiterated by BofA/Merrill to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $180 .The Rating was issued on Mar 4, 2016.
Currently the company Insiders own 6.2% of Avago Technologies Ltd shares according to the proxy statements.Institutional Investors own 81.9% of Avago Technologies Ltd shares.During last six month period, the net percent change held by insiders has seen a change of -1.38%.
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.