BlueMountain Capital Management LLC raised its position in shares of Avago Technologies Ltd. (NASDAQ:AVGO) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,250,451 shares of the semiconductor manufacturer’s stock after buying an additional 103,585 shares during the period. Avago Technologies accounts for 4.2% of BlueMountain Capital Management LLC’s holdings, making the stock its largest position. BlueMountain Capital Management LLC owned 0.32% of Avago Technologies worth $193,195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Guardian Life Insurance Co of America raised its position in shares of Avago Technologies by 15.7% in the first quarter. Guardian Life Insurance Co of America now owns 1,439 shares of the semiconductor manufacturer’s stock worth $222,000 after buying an additional 195 shares during the period. IFP Advisors Inc raised its position in shares of Avago Technologies by 95.5% in the first quarter. IFP Advisors Inc now owns 1,521 shares of the semiconductor manufacturer’s stock worth $235,000 after buying an additional 743 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of Avago Technologies during the first quarter worth approximately $250,000. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Avago Technologies during the first quarter worth approximately $264,000. Finally, Legacy Private Trust Co. acquired a new position in shares of Avago Technologies during the first quarter worth approximately $343,000.

Avago Technologies Ltd. (NASDAQ:AVGO) traded up 0.82% during midday trading on Wednesday, hitting $164.78. The stock had a trading volume of 883,469 shares. The company’s 50-day moving average price is $157.44 and its 200 day moving average price is $146.06. Avago Technologies Ltd. has a 52 week low of $100.00 and a 52 week high of $167.60. The company’s market capitalization is $65.17 billion.

Avago Technologies (NASDAQ:AVGO) last announced its earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.15. The firm had revenue of $3.56 billion for the quarter. The company’s revenue for the quarter was up 116.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. On average, analysts expect that Avago Technologies Ltd. will post $10.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were paid a dividend of $0.50 per share. This is a boost from Avago Technologies’s previous quarterly dividend of $0.49. The ex-dividend date was Wednesday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%.

A number of research analysts have recently commented on the company. B. Riley reissued a “buy” rating and set a $190.00 price target on shares of Avago Technologies in a report on Monday, May 23rd. Vetr lowered Avago Technologies from a “buy” rating to a “hold” rating and set a $156.91 price target on the stock. in a report on Tuesday, May 24th. Mizuho lifted their target price on Avago Technologies from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 3rd. Pacific Crest reaffirmed a “buy” rating and set a $185.00 target price on shares of Avago Technologies in a report on Saturday, June 4th. Finally, SunTrust Banks Inc. lifted their target price on Avago Technologies from $189.00 to $211.00 and gave the stock a “buy” rating in a report on Friday, June 3rd. Three equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $182.95.

In other news, VP Patricia H. Mccall sold 8,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $154.37, for a total transaction of $1,234,960.00. The sale was disclosed in a document filed with the SEC, which is available atthe SEC website. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $163.77, for a total value of $507,687,000.00. The disclosure for this sale can be found here.

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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