Avago Technologies Ltd. (NASDAQ:AVGO) has been assigned an average recommendation of “Buy” from the thirty-nine analysts that are presently covering the company. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, thirty-three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $188.36.

A number of research analysts have recently commented on the stock.Vetr cut shares of Avago Technologies from a “hold” rating to a “sell” rating and set a $171.91 target price on the stock. in a research report on Tuesday. Pacific Crest reissued a “buy” rating on shares of Avago Technologies in a research report on Tuesday, August 16th. B. Riley reissued a “buy” rating and set a $200.00 target price on shares of Avago Technologies in a research report on Thursday. Robert W. Baird assumed coverage on shares of Avago Technologies in a research report on Friday, August 12th. They set an “outperform” rating and a $205.00 target price on the stock. Finally, Nomura reissued a “buy” rating and set a $200.00 target price on shares of Avago Technologies in a research report on Monday, August 8th.

In related news, SVP Charlie B. Kawwas sold 4,776 shares of the stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $165.94, for a total value of $792,529.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $1,234,960.00. The disclosure for this sale can be found here.

Avago Technologies (NASDAQ:AVGO) traded up 0.7112% during mid-day trading on Thursday, hitting $176.5468. 828,005 shares of the stock traded hands. The firm’s market cap is $69.83 billion. The stock has a 50-day moving average of $165.41 and a 200 day moving average of $152.28. Avago Technologies has a 1-year low of $111.53 and a 1-year high of $177.69.

Avago Technologies (NASDAQ:AVGO) last posted its earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.15. The firm had revenue of $3.56 billion for the quarter. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The company’s quarterly revenue was up 116.5% on a year-over-year basis. On average, equities analysts expect that Avago Technologies will post $10.95 EPS for the current year.

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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