Avago Technologies Ltd. (NASDAQ:AVGO) shares reached a new 52-week high on Monday . The stock traded as high as $176.31 and last traded at $175.91, with a volume of 750,507 shares traded. The stock had previously closed at $174.93.

Several brokerages have issued reports on AVGO. Sterne Agee CRT reaffirmed a “buy” rating and issued a $185.00 target price on shares of Avago Technologies in a research note on Saturday, May 14th. Brean Capital reaffirmed a “buy” rating on shares of Avago Technologies in a research note on Thursday, May 12th. Vetr lowered Avago Technologies from a “strong-buy” rating to a “buy” rating and set a $160.00 target price for the company. in a research note on Tuesday, May 10th. Bank of America Corp. reaffirmed a “buy” rating and issued a $179.04 target price (down previously from $200.00) on shares of Avago Technologies in a research note on Tuesday, April 26th. Finally, Zacks Investment Research raised Avago Technologies from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, April 26th. Four analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. Avago Technologies presently has a consensus rating of “Buy” and a consensus price target of $183.67.

The company’s market cap is $69.27 billion. The firm’s 50-day moving average price is $163.75 and its 200-day moving average price is $151.19.

Avago Technologies (NASDAQ:AVGO) last issued its quarterly earnings data 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 company had revenue of $3.56 billion for the quarter. Avago Technologies’s revenue was up 116.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 EPS. Equities analysts predict that Avago Technologies Ltd. will post $10.95 earnings per share for the current year.

In related news, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $163.77, for a total transaction of $507,687,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kirsten M. Spears sold 1,178 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $163.56, for a total value of $192,673.68. Following the transaction, the insider now directly owns 23,697 shares in the company, valued at $3,875,881.32. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in AVGO. Calvert Investment Management Inc. acquired a new position in shares of Avago Technologies during the fourth quarter valued at about $1,375,000. American International Group Inc. raised its position in shares of 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 in the last quarter. RS Investment Management Co. LLC raised its position in shares of 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 valued at $19,907,000 after buying an additional 31,836 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Avago Technologies by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 432,080 shares of the semiconductor manufacturer’s stock valued at $62,726,000 after buying an additional 33,664 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Avago Technologies by 3.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 664,379 shares of the semiconductor manufacturer’s stock valued at $96,435,000 after buying an additional 23,980 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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