Broadcom Corporation (BRCM): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Broadcom Corporation ( BRCM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Broadcom Corporation fell $0.74 (-2.7%) to $26.89 on heavy volume. Throughout the day, 16,967,684 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 8,996,700 shares. The stock ranged in price between $26.78-$27.45 after having opened the day at $27.33 as compared to the previous trading day's close of $27.63. Other companies within the Electronics industry that declined today were: Audience ( ADNC), down 18.7%, eMagin Corporation ( EMAN), down 17.5%, Trio-Tech International ( TRT), down 12.8% and ON Semiconductor Corporation ( ONNN), down 9.9%.

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 $14.6 billion and is part of the technology sector. Shares are down 17.0% year to date as of the close of trading on Thursday. Currently there are 25 analysts that rate Broadcom Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Broadcom Corporation as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the positive front, MaxLinear ( MXL), up 19.4%, Maxwell Technologies ( MXWL), up 17.7%, SatCon Technology Corporation ( SATC), up 15.4% and Pulse Electronics ( PULS), up 10.8%.

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).

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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