Boston Advisors cut its position in shares of Avago Technologies Ltd (NASDAQ:AVGO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 18,018 shares of the semiconductor manufacturer’s stock after selling 523 shares during the period. Boston Advisors’ holdings in Avago Technologies were worth $2,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AVGO. Janus Capital Management boosted its position in Avago Technologies by 2.6% in the third quarter. Janus Capital Management now owns 4,152,596 shares of the semiconductor manufacturer’s stock valued at $519,122,000 after buying an additional 105,460 shares in the last quarter. Factory Mutual Insurance Company boosted its position in Avago Technologies by 400.0% in the fourth quarter. Factory Mutual Insurance Company now owns 100,000 shares of the semiconductor manufacturer’s stock valued at $14,515,000 after buying an additional 80,000 shares in the last quarter. Verde Servico Internacionais purchased a new position in Avago Technologies during the fourth quarter valued at about $8,179,000. Water Island Capital purchased a new position in Avago Technologies during the third quarter valued at about $4,599,000. Finally, ICON Advisers purchased a new position in Avago Technologies during the third quarter valued at about $4,475,000.

Shares of Avago Technologies Ltd (NASDAQ:AVGO) opened at 124.49 on Tuesday. The stock’s 50 day moving average price is $137.94 and its 200-day moving average price is $127.94. Avago Technologies Ltd has a 52-week low of $99.16 and a 52-week high of $150.50. The company has a market capitalization of $34.42 billion and a P/E ratio of 25.65.

Avago Technologies (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, December 2nd. The semiconductor manufacturer reported $2.51 EPS for the quarter, topping the consensus estimate of $2.38 by $0.13. During the same period last year, the company earned $1.99 earnings per share. The company earned $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts expect that Avago Technologies Ltd will post $9.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Stockholders of record on Friday, December 18th were paid a $0.44 dividend. This is a boost from Avago Technologies’s previous quarterly dividend of $0.25. This represents a $1.76 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, December 16th.

Several equities analysts recently issued reports on AVGO shares. RBC Capital upgraded Avago Technologies from an “outperform” rating to a “top pick” rating and raised their price target for the company from $155.00 to $170.00 in a report on Monday, December 21st. Vetr cut Avago Technologies from a “buy” rating to a “hold” rating and set a $151.77 target price on the stock. in a report on Wednesday, December 30th. Brean Capital restated a “buy” rating and set a $170.00 target price on shares of Avago Technologies in a report on Monday, October 19th. Susquehanna started coverage on Avago Technologies in a report on Monday, November 30th. They set a “positive” rating and a $160.00 target price on the stock. Finally, Pacific Crest restated a “buy” rating and set a $180.00 target price on shares of Avago Technologies in a report on Monday, September 28th. 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. Avago Technologies has a consensus rating of “Buy” and a consensus target price of $161.87.

In other news, SVP Bryan Ingram sold 787 shares of the stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $147.17, for a total value of $115,822.79. Following the completion of the sale, the senior vice president now directly owns 107,546 shares of the company’s stock, valued at $15,827,544.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 105,729 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $123.53, for a total value of $13,060,703.37. Following the completion of the sale, the chief executive officer now directly owns 138,256 shares of the company’s stock, valued at $17,078,763.68. The disclosure for this sale can be found here.

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.

12 Month Chart for NASDAQ:AVGO

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