Lam Research Corporation (LRCX): Today's Featured Electronics Loser

Lam Research Corporation (LRCX) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day up 0.5%. By the end of trading, Lam Research Corporation fell 19 cents (-0.5%) to $37.57 on average volume. Throughout the day, 3.2 million shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $37.49-$38.22 after having opened the day at $37.71 as compared to the previous trading day's close of $37.76. Other company's within the Electronics industry that declined today were: Enova Systems (ENA), down 26.1%, Rambus (RMBS), down 8.4%, Microvision (MVIS), down 7.5%, and Dynasil Corporation of America (DYSL), down 7.2%.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. The company offers etch products that remove portions of various films from the wafer in the creation of semiconductor devices. Lam Research Corporation has a market cap of $4.39 billion and is part of the technology sector. The company has a P/E ratio of 16.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Lam Research Corporation a buy, two analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Lam Research Corporation as a buy. 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

• You can view the full Lam Research Ratings Report.

On the positive front, Elster Group SE (ELT), up 18.4%, Daystar Technologies (DSTI), up 17.7%, A123 Systems (AONE), up 12.5%, and Ramtron International Corporation (RMTR), up 9.5%, were all gainers within the electronics industry with Corning (GLW) being today's featured electronics industry winner.

• 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 Lam Research Corporation click any of the following:

• Lam Research Corporation Stock Price

• Lam Research Corporation Analyst Ratings

• Lam Research Corporation Key Stats & Profile

• Lam Research Corporation Earnings

• Lam Research Corporation Ratio Comparison

• Lam Research Corporation Growth Rates

• Lam Research Corporation Balance Sheet

• Lam Research Corporation Cash Flow

• Lam Research Corporation Income Statement