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Avago Technologies Limited (AVGO) designs, develops, and supplies a range of semiconductor devices with a focus on analog III-V based products, and complex digital and mixed signal complementary metal oxide semiconductor based devices.
It operates in four segments: Wireless Communications, Enterprise Storage, Wired Infrastructure, and Industrial & Other.
The Wireless Communications segment offers radio frequency (RF) power amplifiers, RF filters, RF front end modules, ambient light sensors, proximity sensors, low noise amplifiers, multimarket-wave mixers, and diodes for smartphones and base stations application.
The Enterprise Storage segment provides read channel based system-on-chip and preamplifiers for hard disk drives; serial attached SCSI and redundant array of independent disks controllers and adapters, and fiber channel host bus adapters for servers and storage systems; and peripheral component interconnect express switches and custom flash controllers for solid state drives.
The Wired Infrastructure segment offers fiber optic transceivers for data communications, storage area networking, servers, core routing, and transport applications; serializer/deserializer ASICs for data communications, storage area networking, and server applications; and optical laser and receiver components for data communications and telecommunications.
The Industrial & Other segment provides industrial fiber optics for factory automation, in-car infotainment, and renewable energy systems; optocouplers for power isolation, power conversion, and renewable energy systems; motion control encoders and subsystems for motor controls and factory automation applications; and LEDs for displays and lighting applications.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Higher share prices are expected for this stock.
52-Weeks Trading Range: $95.18 - $150.50
Entry Point: $145.10
Stoop Loss: $137.50
Target Price: $160.00
AVGO closed at $124.00
