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 higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.8%. By the end of trading, Broadcom Corporation rose $0.88 (2.5%) to $35.42 on average volume. Throughout the day, 9,225,859 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7,695,600 shares. The stock ranged in a price between $34.63-$35.60 after having opened the day at $34.71 as compared to the previous trading day's close of $34.54. Other companies within the Electronics industry that increased today were:
), up 27.3%,
), up 16.6%,
), up 12.6% and
), up 8.7%.
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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 $18.0 billion and is part of the technology sector. The company has a P/E ratio of 24.1, above the S&P 500 P/E ratio of 17.7. Shares are up 4.0% year to date as of the close of trading on Friday.
TheStreet Ratings rates Broadcom Corporation 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, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Broadcom Corporation Ratings Report.
On the negative front,
Renewable Energy Trade Board
), down 31.6%,
), down 31.6%,
), down 6.9% and
), down 6.5% , were all laggards within the electronics industry with
) being today's electronics industry laggard.
- Use our electronics section to find industry-relevant news.
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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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