Avago Stock Hits New 52-Week High (AVGO)

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) -- Avago Technologies (Nasdaq: AVGO) hit a new 52-week high Monday as it is currently trading at $38.30, above its previous 52-week high of $38.27 with 426,893 shares traded as of 10:16 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Avago has a market cap of $9.16 billion and is part of the technology sector and electronics industry. Shares are up 17.2% year to date as of the close of trading on Friday.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Avago as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Avago Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
null

If you liked this article you might like

Wall Street Deflates in Pullback After Fed Excitement, No Records for Dow

Markets Recede From All-Time Highs on Tech Selloff

Tech Sector Sits at Bottom of Wall Street as Apple Continues Its Slide