Broadcom Corporation (Nasdaq:BRCM) is trading at unusually high volume Friday with 14.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 93 cents (+2.8%).
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 ( TheStreet) -- Broadcom Corporation (Nasdaq: BRCM) is trading at unusually high volume Friday with 14.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 93 cents (+2.8%) at $34.29 as of 3:50 p.m. ET.
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Broadcom has a market cap of $16.56 billion and is part of the technology sector and electronics industry. Shares are up 10.1% year to date as of the close of trading on Thursday. 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 20.2, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Broadcom 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, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Broadcom Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.