New York, September 29 (FinanceEnquiry.com) – Analyst Ross Seymore at Deutsche Bank Securities reiterates BUY rating on the shares of Avago Technologies Limited (NASDAQ: AVGO). The 12-month target price is set to $41.
In a research note published on September 28, the analyst mentions that in order to talk about trends within the wireless industry, FBAR filter technology of Avago Technologies Limited and the prospect of smartphone RF front-ends, a conference call with CEO Hock Tan and CFO Doug Bettinger of AVGO was hosted yesterday.
In addition to this, for the question that why the transition from 3G to LTE smartphones is driving demand for the Avago Technologies’ FBAR filters and front-end modules (FEM), management of AVGO gave more than a few reasons.
Also, the company seemed to be confident on the subject of meeting their previous guidance for +20 percent to 30 percent q/q Wireless segment revenue growth in the quarter, although company’s F4Q (October) financial outlook is not updated by Avago Technologies.
Furthermore, driven by market share gains in Wireless and Wired communications, Avago Technologies Limited is believed having strongest product cycles in the semi group, even though no company is protected to macro headwinds or concerns.
In CY13, development in Wired or Industrial segments of Avago Technologies Limited is hoped for and moreover this, the company is anticipated to be benefited from launches of consumer LTE smartphone in 2H12 or 2013. As a result, reiterations of BUY rating and target price of $41 are done. Moreover, estimated historical P/E analysis for the years 2012 and 2013 are 15.9 x and 14 x, respectively, while for 2011, actual P/E analysis was 14.7 x, the analyst adds further.
New York, June 19 (FinanceEnquiry.com) – Sony Xperia M is an upcoming sensation that is expected to enter mobile industry by the third quarter of this year. It has an optional dual SIM and has been...Gold Plunges Since the Dollar Soars - June 18, 2013
New York, June 18 (FinanceEnquiry.com) – Gold fell on the very first day of the week in view of the fact that the dollar soared, with investors keeping an enthusiastic watch on US Federal Reserve meeting of...Investors Wait for Fed Meeting; Asian Stocks Improve - June 17, 2013
As...HTC J: Giving Reasons to Fly with Joy - June 14, 2013
New York, June 14 (FinanceEnquiry.com) – In August 2012, HTC J was launched with the motto to be at par with hopes of the users, waiting keenly to opt a phone that has been loaded with numerous top class features....Jobless Applications Descend - June 13, 2013
New York, June 13 (FinanceEnquiry.com) – Approaching bottommost stage in five years in an indication of flexibility for the US labor market, the number of Americans registering fresh applications for...Pantech Vega R3 IM-A850L: Grand and Glamorous - June 13, 2013