Avago Technologies Ltd. (NASDAQ:AVGO)’s share price 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 trading hands.

A number of equities research analysts have commented on AVGO shares. Vetr cut Avago Technologies from a “strong-buy” rating to a “buy” rating and set a $170.30 target price on the stock. in a report on Monday, July 11th. BMO Capital Markets reiterated a “buy” rating and set a $200.00 target price on shares of Avago Technologies in a report on Sunday, July 10th. Morgan Stanley started coverage on Avago Technologies in a report on Monday, June 27th. They set an “overweight” rating on the stock. SunTrust Banks Inc. reiterated a “buy” rating on shares of Avago Technologies in a report on Saturday, June 25th. Finally, Brean Capital reiterated a “buy” rating and set a $190.00 target price on shares of Avago Technologies in a report on Thursday, June 23rd. Three analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $182.95.

The firm’s market cap is $64.25 billion. The stock has a 50 day moving average price of $156.97 and a 200 day moving average price of $145.07.

Avago Technologies (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.15. The firm had revenue of $3.56 billion for the quarter. The business’s quarterly revenue was up 116.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 EPS. On average, equities research analysts predict that Avago Technologies Ltd. will post $10.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, June 15th. This is an increase from Avago Technologies’s previous quarterly dividend of $0.49.

In other news, VP Patricia H. Mccall sold 8,000 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $154.37, for a total transaction of $1,234,960.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $163.77, for a total transaction of $507,687,000.00. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the stock. Investors Capital Advisory Services boosted its position in Avago Technologies by 17.7% in the fourth quarter. Investors Capital Advisory Services now owns 7,370 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after buying an additional 1,107 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in 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 valued at $1,069,000 after buying an additional 4,207 shares in the last quarter. Andra AP fonden boosted its position in Avago Technologies by 10.5% in the fourth quarter. Andra AP fonden now owns 14,700 shares of the semiconductor manufacturer’s stock valued at $2,134,000 after buying an additional 1,400 shares in the last quarter. Tredje AP fonden boosted its position in Avago Technologies by 1.4% in the fourth quarter. Tredje AP fonden now owns 17,260 shares of the semiconductor manufacturer’s stock valued at $2,505,000 after buying an additional 239 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its position in Avago Technologies by 27.0% in the fourth quarter. Aviance Capital Partners LLC now owns 19,511 shares of the semiconductor manufacturer’s stock valued at $2,832,000 after buying an additional 4,151 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.