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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Lam Research Corporation (LRCX) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole was unchanged today. By the end of trading, Lam Research Corporation rose 36 cents (1%) to $35.46 on light volume. Throughout the day, 1.6 million shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $35.11-$35.60 after having opened the day at $35.24 as compared to the previous trading day's close of $35.10. Other companies within the Electronics industry that increased today were: Uni-pixel (UNXL), up 18%, Netlist (NLST), up 17.2%, ClearSign Combustion (CLIR), up 16.3%, and LDK Solar Company (LDK), up 11%.

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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. Lam Research Corporation has a market cap of $6.04 billion and is part of the technology sector. The company has a P/E ratio of 44.6, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Lam Research Corporation a buy, one analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates Lam Research Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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 negative front, Vitesse Semiconductor (VTSS), down 12.9%, Dynasil Corporation of America (DYSL), down 10.9%, Spreadtrum Communications (SPRD), down 8.2%, and Emcore Corporation (EMKR), down 7.5%, were all laggards within the electronics industry with Agilent Technologies (A) being today's electronics industry laggard.

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).

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