Broadcom Corporation (BRCM): Today's Featured Electronics Winner

Broadcom Corporation (BRCM) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.4%. By the end of trading, Broadcom Corporation rose 32 cents (0.9%) to $34.98 on average volume. Throughout the day, 7.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.9 million shares. The stock ranged in a price between $34.75-$35.23 after having opened the day at $34.96 as compared to the previous trading day's close of $34.66. Other companies within the Electronics industry that increased today were: Superconductor Technologies (SCON), up 18.2%, Ascent Solar Technologies (ASTI), up 16.6%, Enova Systems (ENA), up 16.3%, and Anadigics (ANAD), up 8.1%.

Broadcom Corporation designs and develops semiconductor solutions for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions. Broadcom Corporation has a market cap of $17.07 billion and is part of the technology sector. The company has a P/E ratio of 24.5, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 16.8% year to date as of the close of trading on Monday. Currently there are 26 analysts that rate Broadcom Corporation a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Broadcom Ratings Report.

On the negative front, Affymetrix (AFFX), down 12.7%, Tegal Corporation (TGAL), down 10.8%, SatCon Technology Corporation (SATC), down 7.8%, and Daqo New Energy (DQ), down 6.5%, were all losers within the electronics industry with Advanced Micro Devices (AMD) being today's electronics industry loser.

• Use our electronics section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Broadcom Corporation click any of the following:

• Broadcom Corporation Stock Price

• Broadcom Corporation Analyst Ratings

• Broadcom Corporation Key Stats & Profile

• Broadcom Corporation Earnings

• Broadcom Corporation Ratio Comparison

• Broadcom Corporation Growth Rates

• Broadcom Corporation Balance Sheet

• Broadcom Corporation Cash Flow

• Broadcom Corporation Income Statement