Broadcom Ltd (AVGO) Files Form 4 Insider Selling : Patricia H Mccall Sells 2,500 Shares

Broadcom Ltd (AVGO): Patricia H Mccall , VP & General Counsel of Broadcom Ltd sold 2,500 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $164.50 per share for a total value of $411,250.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 10, 2016, Henry Samueli (Chief Technical Officer) sold 21,859 shares at $154.84 per share price.On Jul 28, 2016, Charlie B Kawwas (SVP & Chief Sales Officer) sold 4,776 shares at $165.94 per share price.Also, On Jul 11, 2016, Patricia H Mccall (VP & General Counsel) sold 8,000 shares at $154.37 per share price.On Jun 10, 2016, Kirsten M. Spears (Principal Accounting Officer) sold 1,178 shares at $163.56 per share price.

Avago Technologies Ltd: On Monday, Sep 12, 2016 heightened volatility was witnessed in Avago Technologies Ltd which led to swings in the share price. The shares opened for trading at $159.13 and hit $164.75 on the upside , eventually ending the session at $164.48, with a gain of 2.30% or 3.7 points. The heightened volatility saw the trading volume jump to 3,567,319 shares. The 52-week high of the share price is $179.42 and the company has a market cap of $65,353 M . The 52-week low of the share price is at $111.53.

Avago Technologies Ltd Money Flow Index Chart

On Sep 1, 2016, Avago Technologies Ltd announced a cash dividend of $0.5100. The company’s management has announced Sep 15, 2016 as the ex-dividend date and fixed the record date on Sep 19, 2016. The payable date has been fixed on Sep 30, 2016.

Company has been under the radar of several Street Analysts.Avago Technologies Ltd is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 215 from a previous price target of $200 .The Rating was issued on Sep 2, 2016.Avago Technologies Ltd is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 205 from a previous price target of $200 .The Rating was issued on Sep 2, 2016.Avago Technologies Ltd is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 205 from a previous price target of $200 .The Rating was issued on Sep 2, 2016.Avago Technologies Ltd is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $190 .The Rating was issued on Sep 2, 2016.Avago Technologies Ltd is Reiterated by Drexel Hamilton to Buy and the brokerage firm has raised the Price Target to $ 201 from a previous price target of $192 .The Rating was issued on Sep 2, 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 Corporation’s (LSI’s) storage products and PLX Technology Inc.’s (PLX’s) 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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