Investors sold shares of Avago Technologies Ltd. (NASDAQ:AVGO) on strength during trading hours on Thursday. $56.33 million flowed into the stock on the tick-up and $79.63 million flowed out of the stock on the tick-down, for a money net flow of $23.30 million out of the stock. Of all companies tracked, Avago Technologies had the 0th highest net out-flow for the day. Avago Technologies traded up $2.88 for the day and closed at $166.99

Several research firms recently issued reports on AVGO. RBC Capital Markets set a $185.00 price target on shares of Avago Technologies and gave the company a “buy” rating in a report on Wednesday. Vetr cut shares of Avago Technologies from a “strong-buy” rating to a “buy” rating and set a $170.30 price target on the stock. in a report on Monday, July 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $200.00 price target on shares of Avago Technologies in a report on Sunday, July 10th. Bank of America Corp. reaffirmed a “sell” rating on shares of Avago Technologies in a report on Friday, April 15th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Avago Technologies in a report on Saturday, June 25th. Four equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $183.01.

The firm’s market cap is $67.29 billion. The firm’s 50-day moving average is $158.30 and its 200 day moving average is $147.88.

Avago Technologies (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 EPS for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.15. During the same period last year, the firm posted $2.13 EPS. The firm earned $3.56 billion during the quarter. The firm’s revenue for the quarter was up 116.5% on a year-over-year basis. On average, equities research analysts expect that Avago Technologies Ltd. will post $10.95 EPS for the current year.

In other news, SVP Bryan Ingram sold 31,487 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $157.04, for a total transaction of $4,944,718.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 4,776 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $165.94, for a total value of $792,529.44. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Utah Retirement Systems raised its position in Avago Technologies by 0.4% in the fourth quarter. Utah Retirement Systems now owns 46,097 shares of the semiconductor manufacturer’s stock valued at $6,691,000 after buying an additional 200 shares during the last quarter. Andra AP fonden raised 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 during the last quarter. Affinity Investment Advisors LLC raised its position in Avago Technologies by 3.7% in the fourth quarter. Affinity Investment Advisors LLC now owns 77,526 shares of the semiconductor manufacturer’s stock valued at $11,253,000 after buying an additional 2,750 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised 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 during the last quarter. Finally, American International Group Inc. raised its position in Avago Technologies by 3.6% in the fourth quarter. American International Group Inc. now owns 122,300 shares of the semiconductor manufacturer’s stock valued at $17,751,000 after buying an additional 4,211 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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