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Analog Devices Inc (ADI): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Analog Devices ( ADI) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Analog Devices fell $0.56 (-1.1%) to $48.11 on average volume. Throughout the day, 2,097,859 shares of Analog Devices exchanged hands as compared to its average daily volume of 2,015,500 shares. The stock ranged in price between $48.01-$48.87 after having opened the day at $48.73 as compared to the previous trading day's close of $48.67. Other companies within the Electronics industry that declined today were: Sigma Designs ( SIGM), down 16.1%, SunEdison ( SUNE), down 10.3%, Aehr Test Systems ( AEHR), down 6.5% and Enphase Energy ( ENPH), down 5.4%.

Analog Devices, Inc. is engaged in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $15.2 billion and is part of the technology sector. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 15.7% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Sigmatron International ( SGMA), up 21.7%, Plug Power ( PLUG), up 11.9%, Ascent Solar Technologies ( ASTI), up 6.4% and BTU International ( BTUI), up 5.8% , were all gainers within the electronics industry with Trina Solar ( TSL) being today's featured electronics industry leader.

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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