Broadcom Corporation (BRCM): Today's Featured Electronics Loser

Broadcom Corporation ( BRCM) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 0.9%. By the end of trading, Broadcom Corporation fell 23 cents (-0.7%) to $30.79 on light volume. Throughout the day, 5.4 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7.7 million shares. The stock ranged in price between $30.63-$31.18 after having opened the day at $31.10 as compared to the previous trading day's close of $31.02. Other company's within the Electronics industry that declined today were: Alpha & Omega Semiconductor ( AOSL), down 7.6%, SatCon Technology Corporation ( SATC), down 7.3%, Trio-Tech International ( TRT), down 7.1%, and Applied Biosystems Incorporated ( ABI), down 7.1%.

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. Broadcom Corporation has a market cap of $15.37 billion and is part of the technology sector. The company has a P/E ratio of 22, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Friday. Currently there are 28 analysts that rate Broadcom Corporation a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a buy. 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, AuthenTec ( AUTH), up 9.6%, Sevcon ( SEV), up 9.1%, On Track Innovations ( OTIV), up 4.9%, and Silicon Motion Technology Corporation ( SIMO), up 4.8%, were all gainers within the electronics industry with First Solar ( FSLR) being today's featured electronics industry winner.

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).
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