Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Avago Technologies fell $0.59 (-1.7%) to $33.97 on average volume. Throughout the day, 2,814,052 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,598,000 shares. The stock ranged in price between $33.84-$34.35 after having opened the day at $34.24 as compared to the previous trading day's close of $34.56. Other companies within the Electronics industry that declined today were:
), down 19.5%,
), down 7.4%,
), down 6.5% and
), down 5.9%.
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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 $8.6 billion and is part of the technology sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are up 10.9% year to date as of the close of trading on Wednesday. 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Avago Technologies Ratings Report.
On the positive front,
), down 16.2%,
), down 12.9%,
), down 11.4% and
), down 10.8% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- 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
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.
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