Avago Technologies Ltd (NASDAQ:AVGO) is scheduled to be issuing its quarterly earnings data on Thursday, March 3rd. Parties that wish to listen to the company’s conference call can do so using this link.

Avago Technologies (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, December 2nd. The semiconductor manufacturer reported $2.51 EPS for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.13. During the same period last year, the business posted $1.99 EPS. The firm earned $1.84 billion during the quarter, compared to analyst estimates of $1.85 billion. The company’s revenue was up 15.1% on a year-over-year basis. On average, analysts expect Avago Technologies to post $10.01 EPS for the current fiscal year and $12.15 EPS for the next fiscal year.

In other Avago Technologies news, SVP Bryan Ingram sold 787 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $147.17, for a total transaction of $115,822.79. Following the sale, the senior vice president now directly owns 107,546 shares of the company’s stock, valued at $15,827,544.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Hock E. Tan sold 105,729 shares of the firm’s stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $141.25, for a total value of $14,934,221.25. Following the sale, the chief executive officer now directly owns 134,979 shares in the company, valued at $19,065,783.75. The disclosure for this sale can be found here.



Shares of Avago Technologies Ltd (NASDAQ:AVGO) opened at 133.97 on Tuesday. The firm has a market cap of $37.04 billion and a PE ratio of 27.60. Avago Technologies Ltd has a 52 week low of $100.00 and a 52 week high of $150.50. The firm has a 50-day moving average price of $126.99 and a 200-day moving average price of $127.87.

Several equities research analysts recently weighed in on AVGO shares. Zacks Investment Research cut Avago Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, November 4th. Pacific Crest restated an “overweight” rating and set a $170.00 target price on shares of Avago Technologies in a report on Wednesday, November 4th. Drexel Hamilton started coverage on Avago Technologies in a report on Monday, November 9th. They set a “buy” rating and a $156.00 target price for the company. Mizuho dropped their target price on Avago Technologies from $175.00 to $165.00 and set a “buy” rating for the company in a report on Friday, November 13th. Finally, Nomura restated a “buy” rating on shares of Avago Technologies in a report on Saturday, November 14th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. Avago Technologies currently has an average rating of “Buy” and a consensus price target of $166.90.

Avago Technologies Limited (NASDAQ:AVGO) is a designer, developer and global supplier of a range of analog semiconductor devices. The Company focuses on III-V based products and complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices.

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