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

AVGO has been the subject of several recent research reports. RBC Capital Markets set a $185.00 price objective on Avago Technologies and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Vetr downgraded Avago Technologies from a “strong-buy” rating to a “buy” rating and set a $170.30 price objective for the company. in a research note on Monday, July 11th. BMO Capital Markets reissued a “buy” rating and issued a $200.00 price objective on shares of Avago Technologies in a research note on Sunday, July 10th. Robert W. Baird initiated coverage on Avago Technologies in a research note on Friday, August 12th. They issued an “outperform” rating and a $205.00 price objective for the company. Finally, SunTrust Banks Inc. reissued a “buy” rating on shares of Avago Technologies in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. Avago Technologies presently has an average rating of “Buy” and a consensus price target of $183.67.

The firm’s 50 day moving average price is $164.73 and its 200-day moving average price is $152.11. The firm’s market cap is $70.14 billion.

Avago Technologies (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.15. During the same quarter last year, the business posted $2.13 EPS. The business earned $3.56 billion during the quarter. The business’s quarterly revenue was up 116.5% on a year-over-year basis. Analysts anticipate that Avago Technologies Ltd. will post $10.95 EPS for the current year.

In other Avago Technologies news, SVP Charlie B. Kawwas sold 5,224 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $163.56, for a total transaction of $854,437.44. Following the sale, the senior vice president now owns 67,320 shares in the company, valued at $11,010,859.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Henry Samueli sold 21,859 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $154.84, for a total value of $3,384,647.56. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its stake 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 during the last quarter. Calvert Investment Management Inc. purchased a new stake in shares of Avago Technologies during the fourth quarter valued at about $1,375,000. Schwab Charles Investment Management Inc. boosted its stake 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 during the last quarter. RS Investment Management Co. LLC boosted its stake 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 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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