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TheStreet Wire

Flextronics International Ltd. (FLEX): Today's Featured Electronics Winner

By TheStreet Wire 12/12/11 - 04:00 PM EST

Find out if (FLEX) is in Cramer's Portfolio.

Flextronics International (FLEX) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 2%. By the end of trading, Flextronics International rose 16 cents (2.7%) to $6.06 on heavy volume. Throughout the day, 6.6 million shares of Flextronics International exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $5.82-$6.09 after having opened the day at $5.85 as compared to the previous trading day's close of $5.90. Other companies within the Electronics industry that increased today were: Winland Electronics (WEX), up 26.3%, TranSwitch Corporation (TXCC), up 7.4%, SatCon Technology Corporation (SATC), up 7.1%, and Daystar Technologies (DSTI), up 6.7%.

Flextronics International Ltd. provides design and electronics manufacturing services to original equipment manufacturers. Flextronics International has a market cap of $4.06 billion and is part of the technology sector. The company has a P/E ratio of 7.4, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 24.8% year to date as of the close of trading on Friday. Currently there are eight analysts that rate Flextronics International a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates Flextronics International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and weak operating cash flow.

You can view the full Flextronics International Ratings Report.

On the negative front, Sevcon (SEV), down 22.5%, Nam Tai Electronics (NTE), down 12.1%, SL Industries (SLI), down 9.4%, and Enova Systems (ENA), down 8.3%, were all losers within the electronics industry with Texas Instruments (TXN) being today's electronics industry loser.

Use our electronics section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

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).

Find other investment ideas from our top rated ETFs lists.

For more information on Flextronics International Ltd. click any of the following:

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