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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 0.5%. By the end of trading, FEI fell $9.28 (-10.4%) to $79.52 on heavy volume. Throughout the day, 2,013,573 shares of FEI exchanged hands as compared to its average daily volume of 402,700 shares. The stock ranged in price between $76.22-$83.11 after having opened the day at $78.06 as compared to the previous trading day's close of $88.80. Other companies within the Technology sector that declined today were:

Ikanos Communications



), down 29.5%,

Power Integrations



), down 19.1%,

Faro Technologies



), down 15.5% and




), down 12.7%.

FEI Company, together with its subsidiaries, supplies scientific instruments for nanoscale applications and solutions for industry and science. FEI has a market cap of $3.8 billion and is part of the electronics industry. The company has a P/E ratio of 34.0, above the S&P 500 P/E ratio of 17.7. Shares are up 0.7% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate FEI a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates


as a


. 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front,




), up 19.6%,

Mad Catz Interactive



), up 17.5%,

Straight Path Communications



), up 16.7% and




), up 16.2% , were all gainers within the technology sector with



) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider

Technology Select Sector SPDR



) while those bearish on the technology sector could consider

ProShares Ultra Short Technology




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