SanDisk Corp (SNDK): Today's Featured Electronics Laggard

SanDisk (SNDK) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 1.1%. By the end of trading, SanDisk fell $1.27 (-3%) to $41.17 on average volume. Throughout the day, 5.7 million shares of SanDisk exchanged hands as compared to its average daily volume of six million shares. The stock ranged in price between $40.56-$42.75 after having opened the day at $42.44 as compared to the previous trading day's close of $42.44. Other company's within the Electronics industry that declined today were: Canadian Solar (CSIQ), down 15.9%, Suntech Power Holdings (STP), down 14.7%, TranSwitch Corporation (TXCC), down 11.9%, and Enova Systems (ENA), down 10.8%.

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Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $10.11 billion and is part of the technology sector. The company has a P/E ratio of 15.3, below the average computer hardware industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 13.8% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate SanDisk a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates SanDisk as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

• You can view the full SanDisk Ratings Report.

On the positive front, Ascent Solar Technologies (ASTI), up 10.8%, Giga-tronics (GIGA), up 10%, Tower Semiconductor (TSEM), up 8.5%, and Lime Energy (LIME), up 7.7%, were all gainers within the electronics industry with Microchip Technology (MCHP) being today's featured electronics industry leader.

• 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 SanDisk Corp click any of the following:

• SanDisk Corp Stock Price

• SanDisk Corp Analyst Ratings

• SanDisk Corp Key Stats & Profile

• SanDisk Corp Earnings

• SanDisk Corp Ratio Comparison

• SanDisk Corp Growth Rates

• SanDisk Corp Balance Sheet

• SanDisk Corp Cash Flow

• SanDisk Corp Income Statement