Broadcom Corporation (Nasdaq:BRCM) hit a new 52-week high Thursday as it is currently trading at $37.07, above its previous 52-week high of $37 with 1.2 million shares traded as of 10 a.m. ET. Average volume has been 6.8 million shares over the past 30 days.
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) hit a new 52-week high Thursday as it is currently trading at $37.07, above its previous 52-week high of $37 with 1.2 million shares traded as of 10 a.m. ET. Average volume has been 6.8 million shares over the past 30 days. Broadcom has a market cap of $19.05 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 Wednesday. 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. The company has a P/E ratio of 25.6, above the S&P 500 P/E ratio of 17.7.
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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, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Broadcom Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.