Tag Archives: avgo

Avago Sees ‘Robust’ Wireless Chip Demand, Soars On Q3

Avago Technologies (AVGO) gapped up Thursday after the Apple (AAPL) chipmaker late Wednesday smashed Wall Street’s Q3 earnings forecast by a dime. At least two analysts, however, lowered their price targets on Avago stock, though they both maintained their buy ratings. For its fiscal Q3 ended June 30, the company reported record earnings per share ex items of $2.24, up 78% from the year-earlier quarter. The 23 analysts polled by Thomson Reuters

Avago Delivers Dime Beat To Wall Street’s Q3 Forecast

Apple (AAPL) chipmaker Avago Technologies (AVGO) late Wednesday posted record earnings, delivering a 10-cent beat to Wall Street’s Q3 EPS forecast. Avago stock was up 2% in after-hours trading, after reporting its results. Avago stock rose 7% in the regular session, to 116.20. On Monday, shares hit a nearly seven-month low of 100. The stock touched its record high of 150.50 on June 1. The company, based in Singapore and San Jose, Calif., reported

4 Apple Chip Suppliers Stand Out In Volatile Day

Amid a volatile trading session, four Apple (AAPL) chip suppliers are standing out: Skyworks Solutions (SWKS), NXP Semiconductors (NXPI), Qorvo (QRVO) and Avago Technologies (AVGO). Skyworks Solutions was rising in big volume in early afternoon Monday, reversing off a seven-month low. Shares had been finding support at the 200-day line but broke below that level as the market began to sell off last week. Shares are currently trading 26% below