Skip to main content

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Broadcom Corporation



) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Broadcom Corporation fell $0.32 (-1.1%) to $28.96 on average volume. Throughout the day, 8,641,724 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 8,095,000 shares. The stock ranged in price between $28.67-$29.20 after having opened the day at $29.07 as compared to the previous trading day's close of $29.28. Other companies within the Electronics industry that declined today were:




), down 10.3%,




), down 7.2%,

Himax Technologies



TheStreet Recommends

), down 6.9% and




), down 6.2%.

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 Corporation has a market cap of $15.2 billion and is part of the technology sector. The company has a P/E ratio of 33.8, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates

Broadcom Corporation

as a


. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front,




), up 22.2%,

Silicon Motion Technology Corporation



), up 16.0%,




), up 12.9% and

Kulicke & Soffa Industries



), up 11.4% , were all gainers within the electronics industry with




) being today's featured electronics industry leader.

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




STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.