Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Lam Research Corporation fell $0.77 (-1.6%) to $46.75 on light volume. Throughout the day, 1,407,122 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 2,201,800 shares. The stock ranged in price between $46.36-$47.61 after having opened the day at $47.11 as compared to the previous trading day's close of $47.52. Other companies within the Electronics industry that declined today were:
), down 11.1%,
), down 8.6%,
), down 7.9% and
), down 7.5%.
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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. Lam Research Corporation has a market cap of $7.6 billion and is part of the technology sector. The company has a P/E ratio of 172.6, above the S&P 500 P/E ratio of 17.7. Shares are up 29.0% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Lam Research Corporation a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
Lam Research Corporation
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Lam Research Corporation Ratings Report.
On the positive front,
Renewable Energy Trade Board
), down 80.0%,
), down 16.5%,
), down 13.3% and
), down 11.0% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- Use our electronics section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
) while those bearish on the electronics industry could consider
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