Avago Stock Hits New 52-Week High (AVGO)

NEW YORK ( TheStreet) -- Avago Technologies (Nasdaq: AVGO) hit a new 52-week high Wednesday as it is currently trading at $39.49, above its previous 52-week high of $39.18 with 215,082 shares traded as of 9:41 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Avago has a market cap of $9.39 billion and is part of the technology sector and electronics industry. Shares are up 20.1% year to date as of the close of trading on Tuesday.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products.

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TheStreet Ratings rates Avago as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Avago Ratings Report.

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