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 1.0%. By the end of trading, Broadcom Corporation fell $0.32 (-1.1%) to $30.02 on average volume. Throughout the day, 7,280,574 shares of Broadcom Corporation exchanged hands as compared to its average daily volume of 7,771,000 shares. The stock ranged in price between $29.91-$30.49 after having opened the day at $30.41 as compared to the previous trading day's close of $30.34. Other companies within the Electronics industry that declined today were: First Solar ( FSLR), down 9.1%, Sevcon ( SEV), down 6.3%, Wells-Gardner Electronic ( WGA), down 4.8% and SL Industries ( SLI), down 4.6%.

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 $16.3 billion and is part of the technology sector. Shares are up 3.7% year to date as of the close of trading on Tuesday. Currently there are 20 analysts that rate Broadcom Corporation a buy, 1 analyst rates it a sell, and 11 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 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.

On the positive front, EZChip Semiconductor ( EZCH), up 16.0%, Microvision ( MVIS), up 13.1%, Plug Power ( PLUG), up 13.1% and SunEdison ( SUNE), up 9.3% , were all gainers within the electronics industry with Emerson Electric ( EMR) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)