Avago Technologies Ltd. (NASDAQ:AVGO) has been given a $185.00 target price by stock analysts at RBC Capital Markets in a research note issued to investors on Wednesday. The firm presently has a a “buy” rating on the semiconductor manufacturer’s stock. RBC Capital Markets’ target price points to a potential upside of 13.57% from the company’s current price.

AVGO has been the topic of a number of other reports. B. Riley boosted their price target on shares of Avago Technologies from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, June 3rd. Vetr downgraded shares of Avago Technologies from a “buy” rating to a “hold” rating and set a $156.91 price target on the stock. in a research note on Tuesday, May 24th. Mizuho reissued a “buy” rating and issued a $175.00 price target on shares of Avago Technologies in a research note on Wednesday, May 25th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Avago Technologies in a research note on Thursday, June 2nd. Finally, Bank of America Corp. reissued a “sell” rating on shares of Avago Technologies in a research note on Friday, April 15th. Four research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $183.01.

A number of hedge funds and institutional investors have bought and sold shares of AVGO. Hollencrest Securities LLC raised its position in Avago Technologies by 1.2% in the second quarter. Hollencrest Securities LLC now owns 1,324 shares of the semiconductor manufacturer’s stock valued at $206,000 after buying an additional 16 shares during the last quarter. Guardian Life Insurance Co of America raised 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 during the last quarter. IFP Advisors Inc raised its position in Avago Technologies by 95.5% in the first quarter. IFP Advisors Inc now owns 1,521 shares of the semiconductor manufacturer’s stock valued at $235,000 after buying an additional 743 shares during the last quarter. Rehmann Capital Advisory Group acquired a new position in Avago Technologies during the first quarter valued at approximately $250,000. Finally, Boussard & Gavaudan Investment Management LLP acquired a new position in Avago Technologies during the first quarter valued at approximately $264,000.

In related news, insider Kirsten M. Spears sold 1,178 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $163.56, for a total value of $192,673.68. Following the transaction, the insider now owns 23,697 shares in the company, valued at $3,875,881.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lake (Offshore) Aiv Gp Silver sold 3,100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $163.77, for a total transaction of $507,687,000.00. The disclosure for this sale can be found here.

Avago Technologies (NASDAQ:AVGO) traded up 0.44% during midday trading on Wednesday, reaching $163.61. 1,008,481 shares of the company were exchanged. Avago Technologies has a 52 week low of $100.00 and a 52 week high of $167.60. The firm has a 50-day moving average price of $157.58 and a 200-day moving average price of $147.46. The company’s market capitalization is $64.71 billion.

Avago Technologies (NASDAQ:AVGO) last issued its earnings results on Thursday, June 2nd. The semiconductor manufacturer reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.15. The firm had revenue of $3.56 billion for the quarter. Avago Technologies’s revenue for the quarter was up 116.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. Equities research analysts anticipate that Avago Technologies will post $10.94 earnings per share for the current fiscal year.

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.

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