Avago Technologies Limited (AVGO) : Zacks Investment Research ranks Avago Technologies Limited (AVGO) as 3, which is a Hold recommendation. 23 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. The average broker rating of 26 research analysts is 1.1, which indicates as a Strong Buy.
Avago Technologies Limited (AVGO) : The most positive equity analysts on Avago Technologies Limited (AVGO) expects the shares to touch $211, whereas, the least positive believes that the stock will trade at $160 in the short term. The company is covered by 24 Wall Street Brokerage Firms. The average price target for shares are $190.88 with an expected fluctuation of $12.36 from the mean.
For the current week, the company shares have a recommendation consensus of 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 $172.07 and $170.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $173.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $172.09, notching a gain of 0.14% for the day. The total traded volume was 1,574,547 . The stock had closed at $171.85 on the previous day.
In a related news, 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 4,776 shares worth of $792,529 in a transaction dated July 27, 2016. In this transaction, 4,776 shares were sold at $165.94 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.