Avago Technologies Ltd. (NASDAQ:AVGO) gapped up prior to trading on Monday . The stock had previously closed at $160.78, but opened at $161.16. Avago Technologies shares last traded at $162.63, with a volume of 924,469 shares.

A number of brokerages have recently weighed in on AVGO. Zacks Investment Research upgraded Avago Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. B. Riley reiterated a “buy” rating and issued a $200.00 price target on shares of Avago Technologies in a research report on Wednesday, June 8th. TheStreet lowered Avago Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 3rd. Barclays PLC reiterated a “buy” rating on shares of Avago Technologies in a research report on Saturday, June 4th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Avago Technologies in a research report on Saturday, June 4th. Three investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $182.95.

The company’s market cap is $64.20 billion. The firm’s 50-day moving average price is $156.86 and its 200 day moving average price is $144.95.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 17th were given a $0.50 dividend. The ex-dividend date was Wednesday, June 15th. This is a boost from Avago Technologies’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%.

In other news, SVP Charlie B. Kawwas sold 5,224 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $163.56, for a total value of $854,437.44. Following the completion of the sale, the senior vice president now directly owns 67,320 shares of the company’s stock, valued at $11,010,859.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Patricia H. Mccall sold 8,000 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $154.37, for a total transaction of $1,234,960.00. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in the stock. OppenheimerFunds Inc. boosted its stake in shares of Avago Technologies by 26.1% in the fourth quarter. OppenheimerFunds Inc. now owns 73,205 shares of the semiconductor manufacturer’s stock worth $10,631,000 after buying an additional 15,162 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Avago Technologies by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 15,593,677 shares of the semiconductor manufacturer’s stock worth $2,263,423,000 after buying an additional 846,233 shares during the last quarter. Cavalier Investments boosted 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 during the last quarter. Quantitative Investment Management LLC boosted its stake in shares of Avago Technologies by 4.7% in the fourth quarter. Quantitative Investment Management LLC now owns 68,400 shares of the semiconductor manufacturer’s stock worth $9,928,000 after buying an additional 3,100 shares during the last quarter. Finally, Investors Capital Advisory Services boosted 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 during 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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