SanDisk Corp (SNDK): Today's Featured Electronics Winner
(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.3%. By the end of trading, SanDisk rose $1.48 (4.6%) to $33.73 on average volume. Throughout the day, 6.7 million shares of SanDisk exchanged hands as compared to its average daily volume of 6.3 million shares. The stock ranged in a price between $32.32-$33.97 after having opened the day at $32.39 as compared to the previous trading day's close of $32.25. Other companies within the Electronics industry that increased today were:
(
), up 16.4%,
(
), up 15%,
(
), up 10.9%, and
TheStreet Recommends
(
), up 8.4%.
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 $7.95 billion and is part of the
sector. The company has a P/E ratio of 9.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 34.5% year to date as of the close of trading on Thursday. 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
. 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.
- You can view the full SanDisk Ratings Report.
On the negative front,
(
), down 18.2%,
(
), down 13.5%,
(
), down 12%, and
(
), down 11%, were all losers within the electronics industry with
(
) being today's electronics industry loser.
- 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
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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