Shares of Avago Technologies Ltd. (NASDAQ:AVGO) gapped up before the market opened on Monday . The stock had previously closed at $154.11, but opened at $155.14. Avago Technologies shares last traded at $157.70, with a volume of 1,206,354 shares trading hands.

Several analysts have recently weighed in on AVGO shares. Mizuho reaffirmed a “buy” rating and set a $175.00 price target on shares of Avago Technologies in a research note on Monday, March 28th. Bank of America Corp. reaffirmed a “buy” rating on shares of Avago Technologies in a research note on Tuesday, March 22nd. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $180.00 price target on shares of Avago Technologies in a research note on Thursday, March 24th. Cowen and Company boosted their price objective on shares of Avago Technologies from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, June 3rd. Finally, Zacks Investment Research raised shares of Avago Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Three investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Avago Technologies currently has a consensus rating of “Buy” and a consensus target price of $182.95.

The firm has a 50-day moving average price of $155.66 and a 200-day moving average price of $144.45. The company’s market capitalization is $62.24 billion.

Avago Technologies (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.15. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm had revenue of $3.56 billion for the quarter. The company’s revenue was up 116.5% compared to the same quarter last year. Equities analysts expect that Avago Technologies Ltd. will post $10.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. This is a boost from Avago Technologies’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 15th.

In other news, SVP Bryan Ingram sold 3,269 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $155.19, for a total value of $507,316.11. Following the completion of the sale, the senior vice president now directly owns 102,765 shares of the company’s stock, valued at approximately $15,948,100.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $163.77, for a total value of $507,687,000.00. The disclosure for this sale can be found here.

Other large investors have modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Avago Technologies by 133.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,366 shares of the semiconductor manufacturer’s stock worth $1,069,000 after buying an additional 4,207 shares in the last quarter. Investors Capital Advisory Services raised its stake in shares of Avago Technologies by 17.7% in the fourth quarter. Investors Capital Advisory Services now owns 7,370 shares of the semiconductor manufacturer’s stock worth $1,068,000 after buying an additional 1,107 shares in the last quarter. Andra AP fonden raised its stake in shares of Avago Technologies by 10.5% in the fourth quarter. Andra AP fonden now owns 14,700 shares of the semiconductor manufacturer’s stock worth $2,134,000 after buying an additional 1,400 shares in the last quarter. Tredje AP fonden raised its stake in shares of Avago Technologies by 1.4% in the fourth quarter. Tredje AP fonden now owns 17,260 shares of the semiconductor manufacturer’s stock worth $2,505,000 after buying an additional 239 shares in the last quarter. Finally, Cavalier Investments raised its stake in shares of Avago Technologies by 25.9% in the fourth quarter. Cavalier Investments now owns 18,000 shares of the semiconductor manufacturer’s stock worth $2,613,000 after buying an additional 3,700 shares in the last quarter.

Broadcom Limited is a semiconductor company. The Company offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. The Company’s products are used in various applications, including data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays.

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