Avago Technologies Ltd (NASDAQ:AVGO) stock is now trading 22.79% below its 52-week-high, 69.02% above its 52-week-low.
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On valuation measures, Avago Technologies shares are now priced at 46.10x this year’s forecasted earnings, compared to the industry’s 11.35x earnings multiple. Analysts at MKM Partners believe that the analog semiconductor giant should consider strategic alternatives for industrial.
Equities researchers at Jefferies have $180.00 TP on Avago Technologies Limited (NASDAQ:AVGO). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The 12-month consensus target price on the stock is $161.10. The stock was sold at an average price of $121.58, for a total transaction of $607,900.00. Its market capitalization has now reached to $9.03 billion.
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The stock price of Avago Technologies Limited increased 37.14% over the last 200 days, and is in reinforcing up trend. (The port is also used by Automatic Link and other apps.) The device gathers engine diagnostic data and relays warnings to a visor-mounted speaker device and the smartphone app. If something’s wrong, the app can provide more info and even an estimated cost for any repairs. The Brokerage Firm has Lowered the Price Target of the company shares to $159 from a previous price target of $160. The firm’s revenue was up 36.0% on a year-over-year basis. Avago Technologies has a 12 month low of $68.75 and a 12 month high of $150.50. The consensus target price stands at $161.05. Finally, Craig Hallum boosted their price objective on Avago Technologies from $140.00 to $175.00 and gave the company a “hold” rating in a report on Friday, May 29th. On average, 22 analysts polled by Thomson Reuters estimated earnings of $2.14 per share for the quarter. Canaccord raised its full year 2015 estimate on Avago to $8.85 from $8.71 per share. Tekne Capital Management Llc is another notably bullish institutional investor who is having 350,938 shares of Avago Technologies Limited or 7.19% of their long stock exposure. III-V refers to components in the 3rd and 5th groups in the periodic table of chemical elements, and examples of these materials are gallium arsenide (NASDAQ:AVGO), gallium nitride (GaN), and indium phosphide (InP). Its product portfolio is extensive and includes over 6,500 products that it sells into four primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals.
