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

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.

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 0.6%. By the end of trading, Avago Technologies rose $0.43 (1.2%) to $37.29 on light volume. Throughout the day, 1,714,381 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,432,600 shares. The stock ranged in a price between $36.68-$37.31 after having opened the day at $36.97 as compared to the previous trading day's close of $36.86. Other companies within the Electronics industry that increased today were: CSR ( CSRE), up 178.3%, Pixelworks ( PXLW), up 30.0%, SatCon Technology Corporation ( SATC), up 18.5% and Monolithic Power Systems ( MPWR), up 9.1%.

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 $9.1 billion and is part of the technology sector. Shares are up 17.0% year to date as of the close of trading on Tuesday. Currently there are 10 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, expanding profit margins, reasonable valuation levels, 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, SunEdison ( SUNE), down 24.1%, Pulse Electronics ( PULS), down 21.4%, First Solar ( FSLR), down 13.4% and Plug Power ( PLUG), down 10.9% , were all laggards within the electronics industry with Micron Technology ( MU) 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.
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