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 higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.8%. By the end of trading, Broadcom Corporation rose $0.74 (2.9%) to $25.92 on heavy volume. Throughout the day, 15,761,904 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 10,170,000 shares. The stock ranged in a price between $24.94-$25.98 after having opened the day at $25.31 as compared to the previous trading day's close of $25.18. Other companies within the Electronics industry that increased today were: Hanwha SolarOne ( HSOL), up 16.4%, JA Solar Holdings Co. ADR ( JASO), up 15.9%, Amtech Systems ( ASYS), up 15.6% and Himax Technologies ( HIMX), up 13.4%.
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 $13.4 billion and is part of the technology sector. Shares are down 23.9% year to date as of the close of trading on Tuesday. Currently there are 24 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.