Short Term Price Target on Avago Technologies Limited (AVGO)

Avago Technologies Limited (NASDAQ:AVGO) : Average target price received by Avago Technologies Limited (NASDAQ:AVGO) is $187.82 with an expected standard deviation of $16.82. The most aggressive target on the stock is $211, whereas the most downbeat target is $130. 27 financial analysts are currently covering the stock.

Broadcom Limited has dropped 2.03% in the last five trading days, however, the shares have posted positive gains of 0.72% in the last 4 weeks. Broadcom Limited has dropped 1.21% during the last 3-month period . Year-to-Date the stock performance stands at 7.76%. Also, Major Brokerage house, Barclays maintains its ratings on Avago Technologies Limited (NASDAQ:AVGO). In the latest research report, Barclays raises the target price from $170 per share to $185 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on June 3, 2016.

Avago Technologies Limited (NASDAQ:AVGO) : Zacks Investment Research ranks Avago Technologies Limited (NASDAQ:AVGO) as 3, which is a Hold recommendation. 24 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. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 28 research analysts is 1.16, which indicates as a Strong Buy.

Avago Technologies Limited (NASDAQ:AVGO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.00 and $154.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $157.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $155.40, notching a gain of 0.26% for the day. The total traded volume was 4,262,645 . The stock had closed at $155.00 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP & Chief Sales Officer) of Broadcom Ltd, Kawwas Charlie B had sold 5,224 shares worth of $854,437 in a transaction dated June 9, 2016. In this transaction, 5,224 shares were sold at $163.56 per share.

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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