Avago Technologies Ltd (AVGO): Today's Featured Electronics Winner
(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.4%. By the end of trading, Avago Technologies rose $0.87 (2.3%) to $38.48 on average volume. Throughout the day, 4,024,858 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,755,600 shares. The stock ranged in a price between $37.82-$38.98 after having opened the day at $37.95 as compared to the previous trading day's close of $37.61. Other companies within the Electronics industry that increased today were:
(
), up 9.0%,
(
), up 8.5%,
(
), up 7.2% and
(
), up 5.9%.
Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 18.1% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Avago Technologies
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Avago Technologies Ratings Report.
On the negative front,
(
), down 16.6%,
(
), down 8.7%,
(
), down 8.3% and
(
), down 7.5% , were all laggards within the electronics industry with
(
) being today's electronics industry laggard.
- 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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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