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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.

IPG Photonics Corporation



) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.1%. By the end of trading, IPG Photonics Corporation fell $3.14 (-4.5%) to $66.94 on heavy volume. Throughout the day, 912,137 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 401,000 shares. The stock ranged in price between $66.83-$70.77 after having opened the day at $69.78 as compared to the previous trading day's close of $70.08. Other companies within the Electronics industry that declined today were:

On Track Innovations



), down 12.6%,

Applied Micro Circuits Corporation



), down 8.2%,

Exar Corporation



TheStreet Recommends

), down 7.4% and

Oplink Communications



), down 6.9%.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers that are used in various applications, primarily in materials processing. IPG Photonics Corporation has a market cap of $3.8 billion and is part of the technology sector. The company has a P/E ratio of 25.0, above the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates

IPG Photonics Corporation

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, expanding profit margins, increase in stock price during the past year 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 positive front,

Fluidigm Corporation



), up 11.6%,




), up 8.9%,

M/A-COM Technology Solutions Holdings



), up 8.2% and

O2Micro International



), up 8.0% , were all gainers within the electronics industry with

First Solar



) 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



) while those bearish on the electronics industry could consider

ProShares Ultra Short Semiconductor




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