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 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:
), down 7.5%,
), down 7.0%,
), down 4.7% and
), down 4.3%.
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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
. 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.
- You can view the full Micron Technology Ratings Report.
On the positive front,
), up 11.8%,
), up 7.6%,
), up 5.8% 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.