Avago Technologies Ltd. (NASDAQ:AVGO)’s share price reached a new 52-week high on Thursday . The stock traded as high as $173.15 and last traded at $172.41, with a volume of 845,136 shares trading hands. The stock had previously closed at $171.85.

Several equities analysts recently weighed in on AVGO shares. B. Riley raised their target price on shares of Avago Technologies from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, June 3rd. Vetr cut shares of Avago Technologies from a “buy” rating to a “hold” rating and set a $156.91 target price for the company. in a research note on Tuesday, May 24th. Mizuho reaffirmed a “buy” rating and set a $175.00 target price on shares of Avago Technologies in a research note on Wednesday, May 25th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $180.00 target price (up from $170.00) on shares of Avago Technologies in a research note on Thursday, June 2nd. Finally, Bank of America Corp. reissued a “sell” rating on shares of Avago Technologies in a research note on Friday, April 15th. Four equities research 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $183.01.

The stock’s market capitalization is $68.19 billion. The stock’s 50-day moving average is $159.52 and its 200-day moving average is $149.07.

Avago Technologies (NASDAQ:AVGO) last issued its earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.15. During the same quarter last year, the business posted $2.13 earnings per share. The firm earned $3.56 billion during the quarter. The firm’s quarterly revenue was up 116.5% compared to the same quarter last year. On average, equities analysts anticipate that Avago Technologies Ltd. will post $10.95 earnings per share for the current year.

In related news, SVP Charlie B. Kawwas sold 5,224 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $163.56, for a total value of $854,437.44. Following the sale, the senior vice president now owns 67,320 shares of the company’s stock, valued at $11,010,859.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the stock in a transaction that occurred 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.

A number of institutional investors recently made changes to their positions in AVGO. Aberdeen Asset Management PLC UK raised its position in shares of 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 valued at $7,380,000 after buying an additional 18,748 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of 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 valued at $99,413,000 after buying an additional 219,813 shares in the last quarter. Alta Park Capital LP bought a new position in shares of Avago Technologies during the fourth quarter valued at approximately $1,161,000. Affinity Investment Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Utah Retirement Systems raised its position in shares of 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 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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