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Avago Tech (AVGO) [hlAlert]

Rating:
Buy AVGO
up 293.21 %

Avago Tech (AVGO) rated Buy with price target $39 by Longbow

Posted on: Friday,  Feb 10, 2012  9:25 AM ET by Longbow

Longbow rated Buy Avago Tech (NASDAQ: AVGO) on 02/10/2012. Previously Longbow rated Buy Avago Tech (NASDAQ: AVGO) on 04/06/2011., when
the stock price was $32.11. Since then, Avago Tech has gained 293.21% as of 01/08/2016's recent price of $126.26.
If you would have followed the previous Longbow's recommendation on AVGO, you would have gained 293.21% of your investment in 1738 days.

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. The Company?s product portfolio includes approximately 7,000 products in four primary target markets: industrial and automotive electronics, wired infrastructure, wireless communications, and consumer and computing peripherals. Applications for its products in these target markets include cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, factory automation, displays, optical mice and printers. Avago Technologies Limited?s locations include two design centers in the United States, four in Asia and three in Europe. The Company has developed a portfolio of intellectual property that includes more than 5,000 United States and foreign patents and patent applications.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2012 9:25 AM Buy
None
35.33 39.00
as of 12/31/2012
1 Week up  1.60 %
1 Month down  -9.82 %
3 Months down  -9.23 %
1 YTD up  9.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/6/2011 9:25 AM Buy
None
32.11 40.00

(*) Stock Price at the time of the recommendation.
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