SanDisk

(

SNDK

) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day up 1.1%. By the end of trading, SanDisk fell 86 cents (-2.4%) to $35.41 on average volume. Throughout the day, 6.2 million shares of SanDisk exchanged hands as compared to its average daily volume of 6.8 million shares. The stock ranged in price between $35.29-$36.50 after having opened the day at $36.29 as compared to the previous trading day's close of $36.27. Other company's within the Electronics industry that declined today were:

Meade Instruments Corporation

(

MEAD

), down 8.8%,

AMSC

(

AMSC

), down 6%,

Vimicro International Corporation

(

VIMC

), down 5.6%, and

Giga-tronics

(

GIGA

), down 5.2%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $8.74 billion and is part of the

technology

sector. The company has a P/E ratio of 10, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 27.1% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate SanDisk a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates SanDisk as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front,

Entropic Communications

(

ENTR

), up 28.4%,

Kewaunee Scientific

(

KEQU

), up 14.7%,

SemiLEDs

(

LEDS

), up 8.1%, and

GT Advanced Technologies

(

GTAT

), up 8%, were all gainers within the electronics industry with

Broadcom Corporation

(

BRCM

) being today's featured electronics industry winner.

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

).

null