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.
) 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%,
), down 6.9% and
), down 6.2%.
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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
. 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.
- You can view the full Broadcom Corporation Ratings Report.
On the positive front,
), up 22.2%,
), up 16.0%,
), up 12.9% and
), up 11.4% , 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.