NEW YORK (
) is trading at unusually high volume Tuesday with 7.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.35 (-3.9%) at $33.66 as of 2:37 p.m. ET.
Avago has a market cap of $8.6 billion and is part of the
industry. Shares are up 23.2% year to date as of the close of trading on Friday.
Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices worldwide. The company has a P/E ratio of 16.4, above the average electronics industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Avago as a
. 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 and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full
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