NVIDIA Corporation (NVDA): Today's Featured Electronics Loser

The electronics industry closed the day down 3.1%. Energy Conversion Devices Inc ( ENER), Canadian Solar Inc ( CSIQ), Veeco Instruments Inc ( VECO), and Rubicon Technology Inc ( RBCN) were all decliners today within the electronics industry with NVIDIA Corporation ( NVDA) being today's featured electronics loser. NVIDIA Corporation fell 78 cents (-5%) to $14.94 on light volume. Throughout the day, 14.9 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 22.8 million shares.

NVIDIA Corporation provides visual computing, high performance computing, and mobile computing solutions that generate interactive graphics on various devices ranging from tablets and smart phones to notebooks and workstations. NVIDIA Corporation has a market cap of $9.3 billion and is part of the technology sector. The company has a P/E ratio of 17, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates NVIDIA as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

On the positive front, Sequans Communications SA ADR ( SQNS), Ramtron International Corporation ( RMTR), Data I/O Corporation ( DAIO), and Giga-tronics Inc ( GIGA) were all gainers within the electronics industry with Itron Inc ( ITRI) 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

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers