Avago Technologies Limited (AVGO) was a big mover last session, as the company saw its shares rise by nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up almost 22% in the past one-month time frame.
Though the company has seen two positive and four negative estimate revisions over the past 30 days, the Zacks Consensus Estimate moved up during the same time frame. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Avago currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, some better-ranked semiconductor stocks include Pericom Semiconductor Corp. (PSEM), Amkor Technology, Inc. (AMKR) and Advanced Photonix Inc. (API). While Pericom sports a Zacks Rank #1 (Strong Buy), Amkor and Advanced Photonix hold a Zacks Rank #2 (Buy).
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