Avago Technologies Ltd. (NASDAQ:AVGO)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a report released on Friday. They presently have a $215.00 target price on the semiconductor manufacturer’s stock. Canaccord Genuity’s target price suggests a potential upside of 28.98% from the stock’s current price.

Several other analysts have also recently commented on AVGO. Brean Capital reiterated a “buy” rating on shares of Avago Technologies in a report on Thursday, May 26th. B. Riley reissued a “buy” rating and issued a $190.00 price target on shares of Avago Technologies in a research note on Saturday, May 28th. Deutsche Bank AG reissued a “buy” rating and issued a $200.00 price target (up from $180.00) on shares of Avago Technologies in a research note on Tuesday, May 31st. Zacks Investment Research lowered Avago Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Finally, Vetr raised Avago Technologies from a “hold” rating to a “buy” rating and set a $162.73 price target on the stock in a research note on Thursday, June 2nd. Two investment 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 a consensus rating of “Buy” and an average target price of $195.62.

Avago Technologies (NASDAQ:AVGO) opened at 166.69 on Friday. The company has a 50 day moving average of $171.77 and a 200 day moving average of $158.66. Avago Technologies has a 1-year low of $111.53 and a 1-year high of $179.42. The company’s market capitalization is $66.23 billion.

Avago Technologies (NASDAQ:AVGO) last announced its earnings results on Thursday, September 1st. The semiconductor manufacturer reported $2.89 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.80 billion for the quarter. During the same quarter in the previous year, the company earned $2.24 earnings per share. The business’s revenue was up 117.3% on a year-over-year basis. On average, analysts predict that Avago Technologies will post $11.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.51 per share. This is a boost 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 yield of 1.22%. Avago Technologies’s payout ratio is presently -208.16%.

In other Avago Technologies news, SVP Bryan Ingram sold 31,488 shares of Avago Technologies stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $169.27, for a total transaction of $5,329,973.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Henry Samueli sold 21,859 shares of Avago Technologies stock in a transaction on Monday, August 8th. The shares were sold at an average price of $154.84, for a total value of $3,384,647.56. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Securities LLC boosted its position in shares of 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 last quarter. Tealwood Asset Management Inc. boosted its position 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 valued at $2,564,000 after buying an additional 60 shares in the last quarter. Addenda Capital Inc. boosted its position in Avago Technologies by 0.3% in the first quarter. Addenda Capital Inc. now owns 56,131 shares of the semiconductor manufacturer’s stock valued at $8,673,000 after buying an additional 166 shares in the last quarter. Guardian Life Insurance Co of America boosted its position in 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 valued at $222,000 after buying an additional 195 shares in the last quarter. Finally, Harvest Capital Strategies LLC boosted its position in Avago Technologies by 4.2% in the first quarter. Harvest Capital Strategies LLC now owns 17,012 shares of the semiconductor manufacturer’s stock valued at $2,628,000 after buying an additional 678 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.