ASX, BRCM And AVGO, 3 Electronics Stocks Pushing The Industry Lower

TheStreet highlights 3 stocks pushing the electronics industry lower today.
By TheStreet Wire ,

All three major indices are trading down today with the

Dow Jones Industrial Average

(

^DJI

) trading down 68 points (-0.4%) at 17,730 as of Monday, Nov. 30, 2015, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,462 issues advancing vs. 1,508 declining with 167 unchanged.

The Electronics industry currently sits up 0.6% versus the S&P 500, which is down 0.3%. Top gainers within the industry include

Analog Devices

(

ADI

), up 1.7%,

ABB

(

ABB

), up 1.7% and

Freescale Semiconductor

(

FSL

), up 1.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3.

Advanced Semiconductor Engineering

(

ASX

) is one of the companies pushing the Electronics industry lower today. As of noon trading, Advanced Semiconductor Engineering is down $0.11 (-2.0%) to $5.33 on light volume. Thus far, 374,713 shares of Advanced Semiconductor Engineering exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $5.28-$5.34 after having opened the day at $5.32 as compared to the previous trading day's close of $5.44.

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Advanced Semiconductor Engineering, Inc. provides semiconductor packaging and testing services in the United States, Taiwan, Asia, Europe, and internationally. It operates through Packaging, Testing, and Electronic Manufacturing Services (EMS) segments. Advanced Semiconductor Engineering has a market cap of $8.4 billion and is part of the technology sector. Shares are down 11.3% year-to-date as of the close of trading on Friday. Currently there are no analysts that rate Advanced Semiconductor Engineering a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Advanced Semiconductor Engineering

as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income. Get the full

Advanced Semiconductor Engineering Ratings Report

now.

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2. As of noon trading,

Broadcom

(

BRCM

) is down $0.31 (-0.6%) to $54.31 on average volume. Thus far, 2.1 million shares of Broadcom exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $54.02-$54.55 after having opened the day at $54.44 as compared to the previous trading day's close of $54.62.

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Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. Broadcom has a market cap of $30.3 billion and is part of the technology sector. Shares are up 24.8% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Broadcom a buy, no analysts rate it a sell, and 19 rate it a hold.

TheStreet Ratings rates

Broadcom

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full

Broadcom Ratings Report

now.

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1. As of noon trading,

Avago Technologies

(

AVGO

) is down $1.16 (-0.9%) to $128.88 on light volume. Thus far, 1.2 million shares of Avago Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $127.12-$130.00 after having opened the day at $129.43 as compared to the previous trading day's close of $130.04.

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Avago Technologies Limited designs, develops, and supplies semiconductor devices with a focus on analog III-V based products. The company operates through four segments: Wireless Communications, Wired Infrastructure, Enterprise Storage, and Industrial & Other segments. Avago Technologies has a market cap of $35.4 billion and is part of the technology sector. Shares are up 29.3% year-to-date as of the close of trading on Friday. Currently there are 18 analysts that rate Avago Technologies a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates

Avago Technologies

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full

Avago Technologies Ratings Report

now.

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If you are interested in one of these 3 stocks, 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

).

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