Barclays Maintains Avago Technologies Ltd to Overweight with Price Target $205.00

Brokerage firm Barclays Maintains its rating on Avago Technologies Ltd(NASDAQ:AVGO). In a research note issued to the investors, the brokerage major Raises the price-target to $205.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 2, 2016.

In a different note, On Aug 30, 2016, Credit Suisse said it Maintains its rating on Avago Technologies Ltd. In the research note, the firm Raises the price-target to $180.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 30, 2016, Citigroup said it Assumes its rating on Avago Technologies Ltd. The shares have been rated ‘Buy’ by the firm. On Aug 30, 2016, Barclays said it Maintains its rating on Avago Technologies Ltd. The shares have been rated ‘Overweight’ by the firm. Baird said it Initiates Coverage on Avago Technologies Ltd, according to a research note issued on Aug 12, 2016. The shares have been rated ‘Outperform’ by the firm.

Avago Technologies Ltd (AVGO) made into the market gainers list on Thursdays trading session with the shares advancing 0.38% or 0.67 points. Due to strong positive momentum, the stock ended at $177.09, which is also near the day’s high of $177.67. The stock began the session at $176.88 and the volume stood at 39,12,777 shares. The 52-week high of the shares is $179.42 and the 52 week low is $111.53. The company has a current market capitalization of $70,042 M and it has 39,55,18,580 shares in outstanding.

Avago Technologies Ltd(AVGO) last announced its earnings results on Jun 2, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $2.53.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, Henry Samueli (Chief Technical Officer) sold 21,859 shares at $154.84 per share price.Also, On Jul 28, 2016, Charlie B Kawwas (SVP & Chief Sales Officer) sold 4,776 shares at $165.94 per share price.On Jul 11, 2016, Patricia H Mccall (VP & General Counsel) sold 8,000 shares at $154.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Avago Technologies Limited (Avago) is a designer developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices. The Company operates through four segments: wireless communications enterprise storage wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporation’s (LSI’s) storage products and PLX Technology Inc.’s (PLX’s) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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