Avago Technologies Ltd. (NASDAQ:AVGO)’s share price reached a new 52-week high on Friday . The company traded as high as $169.35 and last traded at $169.28, with a volume of 977,647 shares traded. The stock had previously closed at $166.99.

A number of research firms have weighed in on AVGO. B. Riley reiterated a “buy” rating and issued a $190.00 price target on shares of Avago Technologies in a research report on Monday, May 23rd. Vetr lowered shares of Avago Technologies from a “buy” rating to a “hold” rating and set a $156.91 price target for the company. in a research report on Tuesday, May 24th. Mizuho upped their price target on shares of Avago Technologies from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. Pacific Crest restated a “buy” rating and set a $185.00 target price on shares of Avago Technologies in a research report on Saturday, June 4th. Finally, SunTrust Banks Inc. upped their target price on shares of Avago Technologies from $189.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, June 3rd. Four analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Avago Technologies presently has a consensus rating of “Buy” and a consensus price target of $183.01.

The stock has a 50-day moving average price of $158.30 and a 200-day moving average price of $147.88. The firm’s market capitalization is $67.29 billion.

Avago Technologies (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.15. The business had revenue of $3.56 billion for the quarter. During the same quarter in the previous year, the business earned $2.13 EPS. Avago Technologies’s revenue for the quarter was up 116.5% on a year-over-year basis. On average, equities research analysts predict that Avago Technologies Ltd. will post $10.95 earnings per share for the current fiscal year.

In related news, SVP Bryan Ingram sold 31,487 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 4,776 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $165.94, for a total transaction of $792,529.44. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its stake in Avago Technologies by 6.2% in the fourth quarter. State of Tennessee Treasury Department now owns 829,882 shares of the semiconductor manufacturer’s stock worth $120,458,000 after buying an additional 48,185 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Avago Technologies by 47.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 684,901 shares of the semiconductor manufacturer’s stock worth $99,413,000 after buying an additional 219,813 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Avago Technologies by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 432,080 shares of the semiconductor manufacturer’s stock worth $62,726,000 after buying an additional 33,664 shares during the last quarter. WBI Investments Inc. purchased a new stake in Avago Technologies during the fourth quarter worth $39,054,000. Finally, RS Investment Management Co. LLC raised its stake in Avago Technologies by 30.2% in the fourth quarter. RS Investment Management Co. LLC now owns 137,147 shares of the semiconductor manufacturer’s stock worth $19,907,000 after buying an additional 31,836 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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