Shares of Avago Technologies Limited (NASDAQ:AVGO) Sees Large Inflow of Net Money Flow

Avago Technologies Limited (NASDAQ:AVGO) witnessed a selling pressure and the shares last traded with a loss of -0.81 points or -0.5% at $160.01. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $8.09 million with an inflow of $79.38 million in upticks and an outflow of $71.29 million in downticks. Using the data, the up/down ratio is found to be 1.11. The share price has recorded -1.57% on a weekly basis.A block trade of $9.3 million in uptick and $6.57 million in downtick was also observed, resulting in an up/down ratio of 1.42. The net money flow of the block trade stood at a $2.73, signaling heavy buying.


Currently the company Insiders own 6.2% of Avago Technologies Limited shares according to the proxy statements. Institutional Investors own 92.7% of Avago Technologies Limited shares. On the companys insider trading activities,The officer (SVP & Chief Sales Officer) of Broadcom Ltd, Kawwas Charlie B sold 5,224 shares at $163.56 on June 9, 2016. The Insider selling transaction had a total value worth of $854,437. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Avago Technologies Limited (NASDAQ:AVGO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.81 points or 0.5% at $160.01 with 2,156,768 shares getting traded. Post opening the session at $160.14, the shares hit an intraday low of $159.635 and an intraday high of $162.25 and the price was in this range throughout the day. The company has a market cap of $63,287 million and the number of outstanding shares have been calculated to be 395,518,580 shares. The 52-week high of Avago Technologies Limited (NASDAQ:AVGO) is $166 and the 52-week low is $100.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Barclays maintains the rating on Avago Technologies Limited (NASDAQ:AVGO). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $170 per share to $185 per share. The rating by the firm was issued on June 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 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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