Avago Technologies Ltd (AVGO): Today's Featured Technology Laggard

Avago Technologies ( AVGO) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.3%. By the end of trading, Avago Technologies fell $0.94 (-2.4%) to $38.01 on light volume. Throughout the day, 2,130,283 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,847,100 shares. The stock ranged in price between $37.96-$39.08 after having opened the day at $38.98 as compared to the previous trading day's close of $38.95. Other companies within the Technology sector that declined today were: Wi-Lan ( WILN), down 31.1%, Zoom Technologies ( ZOOM), down 13.6%, Helios and Matheson Analytics ( HMNY), down 7.2% and The9 ( NCTY), down 7.2%.

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 $9.5 billion and is part of the electronics industry. Shares are up 21.9% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Avago Technologies a buy, no analysts rate it a sell, and 3 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, 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 shows weak operating cash flow.

On the positive front, Deltathree ( DDDC), up 120.6%, Leap Wireless International ( LEAP), up 112.4%, Inteliquent ( IQNT), up 39.6% and Cogo Group ( COGO), up 23.9% , were all gainers within the technology sector with Baidu ( BIDU) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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

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