2. As of noon trading, Avago Technologies ( AVGO) is down $0.66 (-1.9%) to $33.44 on light volume Thus far, 1.1 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.3 million shares. The stock has ranged in price between $33.34-$34.22 after having opened the day at $34.13 as compared to the previous trading day's close of $34.09.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $8.3 billion and is part of the technology sector. The company has a P/E ratio of 15.0, below the S&P 500 P/E ratio of 17.7. Shares are up 6.4% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Avago Technologies Ratings Report now.

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