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 up 0.4%. By the end of trading, Avago Technologies rose $2.25 (7.2%) to $33.52 on heavy volume. Throughout the day, 4.8 million shares of Avago Technologies exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $31.50-$33.59 after having opened the day at $31.69 as compared to the previous trading day's close of $31.27. Other companies within the Electronics industry that increased today were:
Dynasil Corporation of America
(
), up 22.7%,
(
), up 18.2%,
(
), up 12.7%, and
(
), up 11.1%.
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 $7.54 billion and is part of the
sector. The company has a P/E ratio of 14, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Avago Technologies a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Avago Technologies as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Avago Ratings Report.
On the negative front,
(
), down 25.1%,
(
), down 13.2%,
(
), down 8.2%, and
(
), down 7.1%, were all losers within the electronics industry with
(
) 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
(
) 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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