Analog Devices

(

ADI

) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.8%. By the end of trading, Analog Devices rose 32 cents (0.9%) to $36 on average volume. Throughout the day, 3.2 million shares of Analog Devices exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $35.30-$36.17 after having opened the day at $35.79 as compared to the previous trading day's close of $35.68. Other companies within the Electronics industry that increased today were:

Dynasil Corporation of America

(

DYSL

), up 16.3%,

Spire Corporation

(

SPIR

), up 12.4%,

Transcat

(

TRNS

), up 11.4%, and

A123 Systems

(

AONE

), up 10.7%.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. Analog Devices has a market cap of $10.66 billion and is part of the

technology

sector. The company has a P/E ratio of 15.6, above the average electronics industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Analog Devices a buy, no analysts rate it a sell, and six 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Hoku

(

HOKU

), down 25.2%,

LDK Solar Company

(

LDK

), down 15.1%,

OmniVision Technologies

(

OVTI

), down 8.3%, and

Opnext

(

OPXT

), down 7.5%, were all losers within the electronics industry with

Broadcom Corporation

(

BRCM

) being today's electronics industry loser.

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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