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

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Avago Technologies ( AVGO) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 1.0%. By the end of trading, Avago Technologies fell $0.65 (-1.2%) to $54.07 on average volume. Throughout the day, 2,392,047 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,266,900 shares. The stock ranged in price between $53.37-$55.94 after having opened the day at $53.94 as compared to the previous trading day's close of $54.72. Other companies within the Electronics industry that declined today were: Control4 ( CTRL), down 12.1%, SemiLEDs ( LEDS), down 11.2%, Perceptron ( PRCP), down 7.8% and Cirrus Logic ( CRUS), down 7.8%.

Avago Technologies Limited is engaged 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 $13.6 billion and is part of the technology sector. The company has a P/E ratio of 24.9, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% 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 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Freescale Semiconductor ( FSL), up 14.7%, Plug Power ( PLUG), up 10.4%, RF Micro Devices ( RFMD), up 9.4% and Silicon Laboratories ( SLAB), up 7.2% , were all gainers within the electronics industry with NXP Semiconductor ( NXPI) 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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