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

Broadcom Corporation ( BRCM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Broadcom Corporation fell 40 cents (-1.2%) to $33.45 on average volume. Throughout the day, 8.1 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of eight million shares. The stock ranged in price between $33.35-$34.38 after having opened the day at $33.42 as compared to the previous trading day's close of $33.85. Other company's within the Electronics industry that declined today were: Nexxus Lighting ( NEXS), down 41.6%, AXT ( AXTI), down 19.5%, Spire Corporation ( SPIR), down 15%, and CyberOptics Corporation ( CYBE), down 12.4%.

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 $17.18 billion and is part of the technology sector. The company has a P/E ratio of 20.9, below the average electronics industry P/E ratio of 24.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.4% year to date as of the close of trading on Wednesday. Currently there are 29 analysts that rate Broadcom Corporation a buy, no analysts rate 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 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, SatCon Technology Corporation ( SATC), up 23.6%, AMSC ( AMSC), up 21.5%, First Solar ( FSLR), up 21.1%, and Newport Corporation ( NEWP), up 10.6%, were all gainers within the electronics industry with KLA-Tencor Corporation ( KLAC) 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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).