avago technologies

Citigroup has raised the price target on Avago Technologies (NASDAQ: AVGO) from $36 to $40 and maintains its Buy rating.

Citi believes that Avago Technologies (NASDAQ: AVGO) is a top pick after iFixit's teardown of the Apple (NASDAQ: AAPL) iPhone for Verizon (NYSE: VZ) shows parts made by Avago. Citi is very optimistic on the company after the news, forecasting, “VZ iPhone could add $12M to AVGO's C11 revenue. If...

Avago Technologies (NASDAQ: AVGO) announced a 7c dividend in the Oct-Q, generating a 1% div yield, Citigroup reports. “AVGO asserts that the dividend is the preferred vehicle for returning cash to shareholders,” Citigroup writes. “Armed with $1.32 net cash/share by Oct-Q and $2.19 FCF/share in F11E...

Avago Technologies (NASDAQ: AVGO) is having coverage initiated at Neutral by JP Morgan, which states that the company has transitioned from a commodity supplier to proprietary products, believing that the stock is fully valued. In the report, JP Morgan writes "Avago's revenue from proprietary...