Avago Technologies Ltd. (NASDAQ:AVGO) VP Patricia H. Mccall sold 2,500 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $164.50, for a total transaction of $411,250.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 shares were 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 has a 50 day moving average of $170.58 and a 200-day moving average of $156.76. Avago Technologies Ltd. has a 12 month low of $111.53 and a 12 month high of $179.42. The company’s market cap is $68.04 billion.

Avago Technologies (NASDAQ:AVGO) last issued its earnings results on Thursday, September 1st. The semiconductor manufacturer reported $2.89 EPS for the quarter, topping the consensus estimate of $2.77 by $0.12. Avago Technologies had a negative net margin of 6.20% and a positive return on equity of 31.77%. The company had revenue of $3.80 billion for the quarter. During the same period in the previous year, the firm earned $2.24 earnings per share. The firm’s quarterly revenue was up 117.3% compared to the same quarter last year. Equities research analysts expect that Avago Technologies Ltd. will post $11.23 EPS for the current 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 paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.19%. This is an increase from Avago Technologies’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, September 15th. Avago Technologies’s payout ratio is presently -208.16%.

Several hedge funds and other institutional investors have recently modified their holdings of AVGO. Stifel Financial Corp increased its position in shares of Avago Technologies by 38.0% in the fourth quarter. Stifel Financial Corp now owns 68,487 shares of the semiconductor manufacturer’s stock valued at $9,940,000 after buying an additional 18,841 shares during the last quarter. Creative Planning increased its position in shares of Avago Technologies by 27.2% in the first quarter. Creative Planning now owns 18,819 shares of the semiconductor manufacturer’s stock valued at $2,908,000 after buying an additional 4,029 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Avago Technologies during the first quarter valued at approximately $8,926,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Avago Technologies by 70.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,615 shares of the semiconductor manufacturer’s stock valued at $13,691,000 after buying an additional 36,721 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Avago Technologies by 26.5% in the first quarter. Capstone Asset Management Co. now owns 33,256 shares of the semiconductor manufacturer’s stock valued at $5,138,000 after buying an additional 6,973 shares during the last quarter. 91.46% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Avago Technologies from $190.00 to $200.00 and gave the company 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 reissued a “buy” rating and set a $200.00 price target on shares of Avago Technologies in a research note on Tuesday, August 30th. Barclays PLC reissued an “overweight” rating and set a $185.00 price target (down 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 set a “buy” rating and a $205.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and three have given a strong buy rating to the stock. Avago Technologies has a consensus rating of “Buy” and an average price target of $194.64.

About Avago Technologies

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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