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Micron Technology

(

MU

) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.7%. By the end of trading, Micron Technology fell $0.41 (-1.8%) to $23.04 on light volume. Throughout the day, 28,336,401 shares of Micron Technology exchanged hands as compared to its average daily volume of 38,622,500 shares. The stock ranged in price between $23.00-$23.50 after having opened the day at $23.10 as compared to the previous trading day's close of $23.45. Other companies within the Electronics industry that declined today were:

Vicor Corporation

(

VICR

), down 7.5%,

LightPath Technologies

(

LPTH

), down 7.0%,

Advantest

(

ATE

), down 4.7% and

Netlist

(

NLST

), down 4.3%.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $24.1 billion and is part of the technology sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates

Micron Technology

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

Cepheid

(

CPHD

), up 11.8%,

NeoPhotonics

(

NPTN

), up 7.6%,

Quicklogic Corporation

(

QUIK

), up 5.8% and

Advanced Energy Industries

(

AEIS

), up 5.8% , were all gainers within the electronics industry with

RF Micro Devices

(

RFMD

) 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

(

IYW

) while those bearish on the electronics industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

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