Price Target Update on Avago Technologies Limited (NASDAQ:AVGO)

Avago Technologies Limited (NASDAQ:AVGO) stock is expected to deviate a maximum of $16.82 from the average target price of $187.82 for the short term period. 27 Street Experts have initiated coverage on the stock with the most promising target being $211 and the most muted being $130.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Avago Technologies Limited (NASDAQ:AVGO). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $185 per share from a prior target of $170. The rating by the firm was issued on June 3, 2016.

Avago Technologies Limited (NASDAQ:AVGO): stock turned positive on Thursday. Though the stock opened at $157.35, the bulls momentum made the stock top out at $158.63 level for the day. The stock recorded a low of $155.97 and closed the trading day at $158.62, in the green by 2.24%. The total traded volume for the day was 2,443,529. The stock had closed at $155.14 in the previous days trading.

The company shares have rallied 11.43% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $166.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $151.94 and the 200 Day Moving Average price is recorded at $143.78. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kawwas Charlie B, officer (SVP & Chief Sales Officer) of Broadcom Ltd, had unloaded 5,224 shares at an average price of $163.56 in a transaction dated on June 9, 2016. The total value of the transaction was worth $854,437.

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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