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

The electronics industry closed the day down 0.2%. Cirrus Logic Inc ( CRUS), NVE Corporation ( NVEC), Inphi ( IPHI), and Cymer Inc ( CYMI) were all decliners today within the electronics industry with NVIDIA Corporation ( NVDA) being today's featured electronics loser. NVIDIA Corporation fell 76 cents (-5%) to $14.41 on average volume. Throughout the day, 24.6 million shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 22.7 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 0.5% year to date as of the close of trading on Wednesday.

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, JA Solar Holdings Company Limited American ( JASO), Intevac Inc ( IVAC), OmniVision Technologies Inc ( OVTI), and Cohu Inc ( COHU) were all gainers within the electronics industry with Agilent Technologies Inc ( A) 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

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

What Angela Merkel's Uncertain Political Future Means for Greece's Debt Woes

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern