Avago Technologies Ltd (AVGO): Today's Featured Electronics Winner

Avago Technologies ( AVGO) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.4%. By the end of trading, Avago Technologies rose $0.87 (2.3%) to $38.48 on average volume. Throughout the day, 4,024,858 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,755,600 shares. The stock ranged in a price between $37.82-$38.98 after having opened the day at $37.95 as compared to the previous trading day's close of $37.61. Other companies within the Electronics industry that increased today were: LightPath Technologies ( LPTH), up 9.0%, Alliance Fiber Optic Products ( AFOP), up 8.5%, Acuity Brands ( AYI), up 7.2% and Geospace Technologies ( GEOS), up 5.9%.

Avago Technologies Limited engages in the design, development, and supply of analog semiconductor devices with a focus on III-V based products. Avago Technologies has a market cap of $9.2 billion and is part of the technology sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 18.1% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Avago Technologies 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, reasonable valuation levels, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Plug Power ( PLUG), down 16.6%, AMSC ( AMSC), down 8.7%, Uni-pixel ( UNXL), down 8.3% and SatCon Technology Corporation ( SATC), down 7.5% , were all laggards within the electronics industry with Agilent Technologies ( A) being today's electronics industry laggard.

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).

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

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

Jim Cramer's Favorite Tech Stock

If You Buy Just One Tech Stock, Make It This Apple Supplier, Jim Cramer Says

These Apple iPhone Supplier Stocks Are Ones You Must Own Now: Goldman Sachs