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May 29, 2014
16:19 EDTAVGOAvago says Q2 results do not include operating results of LSI Corporation
Avago said its Q2 financial results do not include any operating results of LSI Corporation which the company acquired on May 6. CEO Hock Tan said, "In the second fiscal quarter of the year, our wireless business came in significantly above our expectations due to strong product ramps for our FBAR-related products into multiple Asian Smartphone OEMs. We also saw a resurgence in Industrial re-sales through our distributors, especially in Europe and Japan. The third quarter marks a transformative event in Avago's history as we completed the acquisition of LSI, creating a substantially larger company with a much more diversified and balanced mix of end markets."
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November 26, 2014
07:01 EDTAVGOAvago price target raised to $109 from $99 at RBC Capital
RBC Capital increased its price target on Avago (AVGO) based on strong sales of Apple's (AAPL) iPhone. The firm also notes that three other RF-based semiconductor companies recently reported strong results. The firm keeps an Outperform rating on Avago.
November 25, 2014
06:11 EDTAVGO, AVGOAvago initiated with a Buy at CLSA
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November 17, 2014
08:48 EDTAVGOSkyworks, Avago, and RF Micro Devices recommended at BofA/Merrill
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