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 up 0.7%. By the end of trading, Broadcom Corporation fell $0.44 (-1.5%) to $28.91 on average volume. Throughout the day, 8,207,739 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 8,795,100 shares. The stock ranged in price between $28.80-$29.54 after having opened the day at $29.50 as compared to the previous trading day's close of $29.35. Other companies within the Electronics industry that declined today were: Sevcon ( SEV), down 13.9%, Ambarella ( AMBA), down 8.9%, BTU International ( BTUI), down 8.1% and Microvision ( MVIS), down 7.9%.

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 $15.3 billion and is part of the technology sector. The company has a P/E ratio of 33.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 12 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 increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, SunEdison ( SUNE), up 78.6%, Perceptron ( PRCP), up 23.4%, LightPath Technologies ( LPTH), up 10.5% and Plug Power ( PLUG), up 9.9% , were all gainers within the electronics industry with Micron Technology ( MU) being today's featured electronics industry leader.

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).

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