Avago Technologies Ltd (AVGO): Today's Featured Technology 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.

Avago Technologies ( AVGO) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Avago Technologies fell $1.00 (-1.7%) to $58.08 on average volume. Throughout the day, 2,785,783 shares of Avago Technologies exchanged hands as compared to its average daily volume of 2,115,300 shares. The stock ranged in price between $57.44-$58.38 after having opened the day at $57.50 as compared to the previous trading day's close of $59.08. Other companies within the Technology sector that declined today were: CafePress ( PRSS), down 20.8%, GlobalSCAPE Incorporated ( GSB), down 19.6%, Trulia ( TRLA), down 17.7% and Alvarion ( ALVR), down 14.3%.

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 $14.7 billion and is part of the electronics industry. Shares are up 11.5% year to date as of the close of trading on Thursday. 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, Cray ( CRAY), up 39.0%, Qualstar Corporation ( QBAK), up 35.6%, LogMeIn ( LOGM), up 21.7% and Bankrate ( RATE), up 19.5% , were all gainers within the technology sector with Taiwan Semiconductor Manufacturing ( TSM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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