Avago Technologies Ltd (NASDAQ:AVGO) had its price objective lifted by investment analysts at Nomura from $170.00 to $175.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Nomura’s price target would suggest a potential upside of 30.88% from the company’s current price.

In related news, CFO Anthony E. Maslowski sold 5,000 shares of Avago Technologies stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $117.80, for a total value of $589,000.00. Following the completion of the sale, the chief financial officer now owns 61,917 shares of the company’s stock, valued at $7,293,822.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 105,729 shares of Avago Technologies stock in a transaction on Monday, January 4th. The stock was sold at an average price of $141.25, for a total value of $14,934,221.25. Following the completion of the sale, the chief executive officer now directly owns 134,979 shares of the company’s stock, valued at approximately $19,065,783.75. The disclosure for this sale can be found here.

AVGO has been the topic of a number of other research reports. Zacks Investment Research cut Avago Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 12th. Vetr raised Avago Technologies from a “buy” rating to a “strong-buy” rating and set a $151.77 price target on the stock in a research report on Wednesday, January 6th. Brean Capital reaffirmed a “buy” rating on shares of Avago Technologies in a research report on Monday, January 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $179.00 price target on shares of Avago Technologies in a research report on Tuesday, January 12th. Finally, Mizuho dropped their price target on Avago Technologies from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, November 13th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company’s stock. Avago Technologies currently has an average rating of “Buy” and a consensus target price of $163.74.

Shares of Avago Technologies (NASDAQ:AVGO) traded up 2.016% on Monday, reaching $136.405. 1,550,962 shares of the company traded hands. Avago Technologies has a one year low of $99.16 and a one year high of $150.50. The firm’s 50 day moving average is $134.74 and its 200 day moving average is $127.85. The company has a market capitalization of $37.71 billion and a P/E ratio of 28.102.

Avago Technologies (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 2nd. The semiconductor manufacturer reported $2.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.13. The business earned $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. Analysts expect that Avago Technologies will post $9.62 earnings per share for the current fiscal year.

Other hedge funds have recently modified their holdings of the company. First Quadrant L P CA purchased a new stake in shares of Avago Technologies during the fourth quarter valued at approximately $261,000. Clean Yield Group purchased a new stake in shares of Avago Technologies during the fourth quarter valued at approximately $261,000. Middleton & Company purchased a new stake in shares of Avago Technologies during the fourth quarter valued at approximately $272,000. Bremer Trust National Association raised its stake in shares of Avago Technologies by 3.9% in the fourth quarter. Bremer Trust National Association now owns 2,348 shares of the semiconductor manufacturer’s stock valued at $341,000 after buying an additional 89 shares during the last quarter. Finally, Tompkins Financial raised its stake in shares of Avago Technologies by 0.7% in the fourth quarter. Tompkins Financial now owns 3,091 shares of the semiconductor manufacturer’s stock valued at $449,000 after buying an additional 23 shares during the last quarter.

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. The Company operates through four segments: wireless communications, enterprise storage, wired infrastructure and industrial & other. The wireless communications segment supports the wireless industry with a range of radio frequency (RF) semiconductor devices. The enterprise storage segment consists of LSI Corporation’s (LSI’s) storage products and PLX Technology, Inc.’s (PLX’s) peripheral component interconnect express (PCIe) switches and bridges. The wired infrastructure segment supplies transceivers that receive and transmit information along optical fibers in the storage and Ethernet networking markets. The industrial & other segment provides a range of products for the general industrial and automotive markets.

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