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
NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $35.40 as of 9:30 a.m. ET, the dividend yield is 1.1%.
The average volume for Broadcom has been 7.7 million shares per day over the past 30 days. Broadcom has a market cap of $17.92 billion and is part of the
industry. Shares are up 20.4% year to date as of the close of trading on Monday.
Broadcom Corporation designs and develops semiconductor solutions for wired and wireless communications. It provides a portfolio of system-on-a-chip (SoC) and software solutions. The company has a P/E ratio of 21.8, below the average electronics industry P/E ratio of 25.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Broadcom 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full