Mellanox Technologies Ltd. (MLNX): Today's Featured Electronics Laggard

Mellanox Technologies (MLNX) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Mellanox Technologies fell $2.11 (-1.9%) to $105.89 on average volume. Throughout the day, 698,092 shares of Mellanox Technologies exchanged hands as compared to its average daily volume of 893,900 shares. The stock ranged in price between $105.22-$108.50 after having opened the day at $108.50 as compared to the previous trading day's close of $108. Other company's within the Electronics industry that declined today were: Nortech Systems Incorporated (NSYS), down 15%, Nexxus Lighting (NEXS), down 9.5%, Digital Power Corporation (DPW), down 9%, and Sevcon (SEV), down 7.7%.

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Mellanox technologies, Ltd., a fabless semiconductor company, produces and supplies interconnect products for computing, storage, and communication applications in the computing, Web 2.0, storage, financial services, database, and cloud markets. Mellanox Technologies has a market cap of $4.34 billion and is part of the technology sector. The company has a P/E ratio of 50.9, below the average electronics industry P/E ratio of 83.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 229.1% year to date as of the close of trading on Monday. Currently there are five analysts that rate Mellanox Technologies a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Mellanox Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

• You can view the full Mellanox Ratings Report.

On the positive front, Cepheid (CPHD), up 13.3%, Cascade Microtech (CSCD), up 10.1%, Sypris Solutions (SYPR), up 8.8%, and Tower Semiconductor (TSEM), up 8.6%, were all gainers within the electronics industry with Micron Technology (MU) 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 Mellanox Technologies Ltd. click any of the following:

• Mellanox Technologies Ltd. Stock Price

• Mellanox Technologies Ltd. Analyst Ratings

• Mellanox Technologies Ltd. Key Stats & Profile

• Mellanox Technologies Ltd. Earnings

• Mellanox Technologies Ltd. Ratio Comparison

• Mellanox Technologies Ltd. Growth Rates

• Mellanox Technologies Ltd. Balance Sheet

• Mellanox Technologies Ltd. Cash Flow

• Mellanox Technologies Ltd. Income Statement