Avago Technologies Ltd. (NASDAQ:AVGO)’s share price hit a new 52-week high on Wednesday . The company traded as high as $167.60 and last traded at $164.71, with a volume of 1,672,346 shares. The stock had previously closed at $163.44.

AVGO has been the topic of a number of research analyst reports. Vetr downgraded Avago Technologies from a “strong-buy” rating to a “buy” rating and set a $170.30 target price on the stock. in a research note on Monday, July 11th. BMO Capital Markets restated a “buy” rating and issued a $200.00 target price on shares of Avago Technologies in a research note on Sunday, July 10th. Bank of America Corp. restated a “sell” rating on shares of Avago Technologies in a research note on Friday, April 15th. SunTrust Banks Inc. restated a “buy” rating on shares of Avago Technologies in a research note on Saturday, June 25th. Finally, Zacks Investment Research downgraded Avago Technologies from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $182.95.

The firm’s market capitalization is $64.39 billion. The firm’s 50-day moving average price is $157.48 and its 200 day moving average price is $146.33.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Avago Technologies’s previous quarterly dividend of $0.49.

In related news, SVP Charlie B. Kawwas sold 4,776 shares of Avago Technologies stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $165.94, for a total transaction of $792,529.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of Avago Technologies stock in a transaction dated Wednesday, June 8th. The stock was 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.

Other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its position in 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 in the last quarter. Morgan Stanley boosted its position in Avago Technologies by 3.0% in the fourth quarter. Morgan Stanley now owns 1,334,763 shares of the semiconductor manufacturer’s stock worth $193,740,000 after buying an additional 39,463 shares in the last quarter. Edge Asset Management Inc. boosted its position in Avago Technologies by 0.6% in the fourth quarter. Edge Asset Management Inc. now owns 61,887 shares of the semiconductor manufacturer’s stock worth $8,983,000 after buying an additional 358 shares in the last quarter. Principal Financial Group Inc. boosted its position in Avago Technologies by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 363,425 shares of the semiconductor manufacturer’s stock worth $52,751,000 after buying an additional 9,021 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in Avago Technologies by 46.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 58,880 shares of the semiconductor manufacturer’s stock worth $7,380,000 after buying an additional 18,748 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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