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UBS analyst, Stephen Chin, is confident Avago Technologies (NASDAQ: AVGO) RF filter sales can grow at a 20% CAGR for the next few years given higher content from further penetration of 4G LTE-Advanced features in smartphones. With smartphone RF content averaging $6 at the high end, we believe content can expand to $8-10 over the next... More
Canaccord Genuity reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $179.00 (from $165.00), following the company's 4Q earnings report. Avago reported pro forma EPS of $2.51, above consensus' $2.38 estimate. The beat was driven by a strong pro forma gross margin of 62.0%.
Also, Management remains committed to the Broadcom acquisition, and Canaccord anticipates a strong... More
Mizuho Securities reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $175.00 (from $165.00), following the company's 4Q earnings report. AVGO reported solid revenues of $1.85B, in-line with consensus. EPS was reported at $2.51, beating consensus' estimate of $2.38. The... More
RBC Capital analyst, Amit Daryanani, believes Avago Technologies (NASDAQ: AVGO) is executing well on its cost takeout targets with LSI and ELX assets and more material upside likely in CY16 once BRCM acquisition closes. The price target increases to $155 from $150 with the estimate increase.
AVGO reported results that were above expectations with revenues/EPS of $1.85B/$2.51 vs. Street at $1.85B/$2.38. Revenue upside was driven by strong growth in enterprise storage segment, and stable performance from wireless, wired, and industrial segments.Gross margins in the quarter came in at 62.0% vs. Street at 60.4%, due to... More
Sterne Agee CRT reiterated a Buy rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $180.00 (from $160.00), following the company's 4Q earnings report. AVGO reported revenue of $1.85B in-line with consensus estimates. EPS of $2.51 beat consensus estimate of $2.38. Sterne Agee CRT believes that AVGO is currently trading at a... More
Susquehanna reiterated a Positive rating on Avago Technologies (NASDAQ: AVGO), and raised the price target to $165.00 (from $160.00), following the company's 4Q earnings report. Given better margins and continued opex control, the BRCM acquisition on track, and expected gains in wireless as they add capacity in 2016, Susquehanna doesn't think that the story... More
