Nomura Maintains Avago Technologies Ltd to Buy with Price Target $180.00

Brokerage firm Nomura Maintains its rating on Avago Technologies Ltd(NASDAQ:AVGO). In a research note issued to the investors, the brokerage major Lowers the price-target to $180.00 per share. The shares have been rated Buy. The rating by Nomura was issued on Sep 15, 2016.

In a different note, On Sep 6, 2016, Argus Research said it Maintains its rating on Avago Technologies Ltd. In the research note, the firm Raises the price-target to $184.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 2, 2016, Barclays said it Maintains its rating on Avago Technologies Ltd. In the research note, the firm Raises the price-target to $185.00 per share. The shares have been rated ‘Overweight’ by the firm. 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) shares turned negative on Tuesdays trading session with the shares closing down -2.5 points or -1.46% at a volume of 18,72,728. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $172.21. The peak price level was also seen at $172.21 while the days lowest was $168.17. Finally the shares closed at $168.23. The 52-week high of the shares is $179.42 while the 52-week low is $111.53. According to the latest information available, the market cap of the company is $66,843 M.

Avago Technologies Ltd(AVGO) last announced its earnings results on Sep 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.80B. Analysts had an estimated revenue of $3.76B. Earnings per share were $2.89. Analysts had estimated an EPS of $2.77.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Patricia H Mccall (VP & General Counsel) sold 2,500 shares at $164.50 per share price.Also, On Aug 10, 2016, Henry Samueli (Chief Technical Officer) sold 21,859 shares at $154.84 per share price.On Jul 28, 2016, Charlie B Kawwas (SVP & Chief Sales Officer) sold 4,776 shares at $165.94 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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