Avago Technologies Limited (AVGO): Price Target and June Short Interest Disclosure

Avago Technologies Limited (AVGO) : Currently there are 26 street experts covering Avago Technologies Limited (AVGO) stock. The most bullish and bearish price target for the stock is $211 and $130 respectively for the short term. The average price target of all the analysts comes to $188.31. The estimated standard deviation from the target is $16.83.

Avago Technologies Limited (AVGO) encountered a drop of 4.2% or -192,549 shares in the short positions. The number dropped from 4,578,948 on June 15,2016 to 4,386,399 on June 30,2016. The final interest is 1.1% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 3,392,545 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Barclays maintains their rating on the shares of Avago Technologies Limited (NASDAQ:AVGO). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $185 per share from $170 per share. 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 $159.55, the bulls momentum made the stock top out at $161.06 level for the day. The stock recorded a low of $158.86 and closed the trading day at $160.79, in the green by 2.15%. The total traded volume for the day was 2,355,047. The stock had closed at $157.41 in the previous days trading.

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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