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 higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.1%. By the end of trading, Maxim Integrated Products rose $1.28 (4.8%) to $27.77 on heavy volume. Throughout the day, 3.7 million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $26.50-$28.13 after having opened the day at $26.73 as compared to the previous trading day's close of $26.49. Other companies within the Electronics industry that increased today were:
), up 26.2%,
), up 11.7%,
), up 10.2%, and
), up 10.2%.
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Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $7.68 billion and is part of the technology sector. The company has a P/E ratio of 22.3, above the average electronics industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7. Shares are up 0.9% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates Maxim Integrated Products as a
. 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 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 Maxim Integrated Ratings Report.
On the negative front,
), down 17.3%,
), down 16.9%,
), down 14.4%, and
), down 13.5%, were all laggards within the electronics industry with
) being today's electronics industry laggard.
- Use our electronics section to find industry-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 electronics industry could consider
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.
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