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.
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Analog Devices fell $1.38 (-2.8%) to $48.54 on heavy volume. Throughout the day, 7,815,451 shares of Analog Devices exchanged hands as compared to its average daily volume of 1,766,100 shares. The stock ranged in price between $46.12-$48.56 after having opened the day at $47.20 as compared to the previous trading day's close of $49.92. Other companies within the Technology sector that declined today were:
), down 74.6%,
), down 26.9%,
), down 13.9% and
), down 12.8%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Analog Devices, Inc. engages 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 $15.4 billion and is part of the electronics industry. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Tuesday. 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
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Analog Devices Ratings Report.
On the positive front,
), up 49.8%,
), up 27.0%,
), up 24.6% and
), up 15.7% , were all gainers within the technology sector with
) being today's featured technology sector leader.
- Use our technology section to find sector-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 technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.