2. As of noon trading, Broadcom Corporation ( BRCM) is down $0.16 (-0.5%) to $34.46 on light volume Thus far, 2.2 million shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 6.6 million shares. The stock has ranged in price between $34.39-$34.86 after having opened the day at $34.71 as compared to the previous trading day's close of $34.62.

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. Broadcom Corporation has a market cap of $17.9 billion and is part of the technology sector. The company has a P/E ratio of 24.0, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Tuesday. Currently there are 30 analysts that rate Broadcom Corporation a buy, no analysts rate it a sell, and 4 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, 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 somewhat disappointing return on equity. Get the full Broadcom Corporation Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

What a Difference a Day Makes for New SEC Rule

Jim Cramer: Agilent Technology Has Been One of My Favorites

Jim Cramer -- Agilent Is 'Continuing to Defy Gravity'

Biotech Movers: Disappointment for Bristol-Myers Kidney Combo Boosts Exelixis