Avago Technologies SVP Charlie B. Kawwas Sells 2,047 Shares (AVGO)
Avago Technologies (NASDAQ:AVGO) SVP Charlie B. Kawwas sold 2,047 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $71.33, for a total value of $146,012.51. Following the completion of the sale, the senior vice president now directly owns 72,539 shares in the company, valued at approximately $5,174,207. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
AVGO has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Avago Technologies in a research note on Friday, May 30th. They now have a $85.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Avago Technologies in a research note on Friday, May 30th. They now have a $83.00 price target on the stock, up previously from $65.00. Finally, analysts at Goldman Sachs raised their price target on shares of Avago Technologies to $78.00 in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $73.21.
Avago Technologies (NASDAQ:AVGO) traded up 0.36% on Thursday, hitting $71.87. 2,728,889 shares of the company’s stock traded hands. Avago Technologies has a 1-year low of $35.62 and a 1-year high of $72.08. The stock’s 50-day moving average is $67.07 and its 200-day moving average is $58.53. The company has a market cap of $18.039 billion and a price-to-earnings ratio of 30.11.
Avago Technologies (NASDAQ:AVGO) last released its earnings data on Thursday, May 29th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $901.00 million for the quarter, compared to the consensus estimate of $679.59 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts expect that Avago Technologies will post $3.99 EPS for the current fiscal year.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products.
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