Patricia H. Mccall Sells 2,500 Shares of Avago Technologies Ltd. (AVGO) Stock
Avago Technologies Ltd. (NASDAQ:AVGO) VP Patricia H. Mccall sold 2,500 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $164.50, for a total transaction of $411,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Patricia H. Mccall also recently made the following trade(s):
- On Friday, July 8th, Patricia H. Mccall sold 8,000 shares of Avago Technologies stock. The stock was sold at an average price of $154.37, for a total transaction of $1,234,960.00.
Avago Technologies Ltd. (NASDAQ:AVGO) opened at 171.24 on Monday. The stock’s 50 day moving average price is $170.58 and its 200-day moving average price is $156.76. The company’s market capitalization is $68.04 billion. Avago Technologies Ltd. has a 52-week low of $111.53 and a 52-week high of $179.42.
Avago Technologies (NASDAQ:AVGO) last released its earnings results on Thursday, September 1st. The semiconductor manufacturer reported $2.89 EPS for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.12. Avago Technologies had a positive return on equity of 31.77% and a negative net margin of 6.20%. The firm earned $3.80 billion during the quarter. During the same period last year, the firm earned $2.24 EPS. The company’s revenue for the quarter was up 117.3% compared to the same quarter last year. Analysts predict that Avago Technologies Ltd. will post $11.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be issued a dividend of $0.51 per share. This is an increase from Avago Technologies’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. Avago Technologies’s payout ratio is -208.16%.
Large investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC purchased a new stake in Avago Technologies during the second quarter worth approximately $1,528,000. Tealwood Asset Management Inc. increased its stake in Avago Technologies by 0.4% in the second quarter. Tealwood Asset Management Inc. now owns 16,500 shares of the semiconductor manufacturer’s stock worth $2,564,000 after buying an additional 60 shares during the period. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in Avago Technologies during the second quarter worth approximately $318,000. Hollencrest Securities LLC increased its stake in Avago Technologies by 1.2% in the second quarter. Hollencrest Securities LLC now owns 1,324 shares of the semiconductor manufacturer’s stock worth $206,000 after buying an additional 16 shares during the period. Finally, Origin Asset Management LLP increased its stake in Avago Technologies by 58.0% in the first quarter. Origin Asset Management LLP now owns 206,009 shares of the semiconductor manufacturer’s stock worth $31,828,000 after buying an additional 75,611 shares during the period. 91.46% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Mizuho upped their price target on shares of Avago Technologies from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Vetr cut shares of Avago Technologies from a “hold” rating to a “sell” rating and set a $171.91 price target on the stock. in a research note on Monday, August 29th. B. Riley reiterated a “buy” rating and issued a $200.00 price target on shares of Avago Technologies in a research note on Tuesday, August 30th. Barclays PLC reiterated an “overweight” rating and issued a $185.00 price target (down previously from $200.00) on shares of Avago Technologies in a research note on Tuesday, August 30th. Finally, Citigroup Inc. assumed coverage on shares of Avago Technologies in a research note on Tuesday, August 30th. They issued a “buy” rating and a $205.00 price target on the stock. Two analysts have rated the stock with a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. Avago Technologies has an average rating of “Buy” and an average target price of $194.64.
Avago Technologies Company Profile
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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