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 Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Micron Technology fell $0.33 (-1.6%) to $19.86 on light volume. Throughout the day, 33,408,771 shares of Micron Technology exchanged hands as compared to its average daily volume of 46,039,100 shares. The stock ranged in price between $19.71-$20.50 after having opened the day at $20.44 as compared to the previous trading day's close of $20.19. Other companies within the Electronics industry that declined today were:
), down 12.8%,
), down 11.1%,
), down 9.5% and
), down 7.5%.
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Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $21.0 billion and is part of the technology sector. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. The company has a P/E ratio of 17.7, below the S&P 500 P/E ratio of 17.7. Shares are up 215.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Micron Technology a buy, 2 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 revenue growth, good cash flow from operations, compelling growth in net income, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Micron Technology Ratings Report.
On the positive front,
), up 72.1%,
), up 9.5%,
), up 6.0% and
), up 5.8% , were all gainers within the electronics industry with
) being today's featured electronics industry leader.
- 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.