Novellus Systems Inc. (NVLS): Today's Featured Electronics Winner

The electronics industry closed the day down 2.5%. SMTC Corporation ( SMTX), Advanced Photonix Inc ( API), Aehr Test Systems ( AEHR), and Memsic Inc ( MEMS) were all winners today within the electronics industry with Novellus Systems Inc ( NVLS) being today's featured electronics winner. Novellus Systems Inc rose 84 cents (2.7%) to $31.96 on light volume. Throughout the day, 360,509 shares of Novellus Systems Inc exchanged hands as compared to its average daily volume of 2.1 million shares.

Novellus Systems, Inc., together with its subsidiaries, develops, manufactures, sells, and supports equipment used in the fabrication of integrated circuits. The company operates in two segments, Semiconductor Group and Industrial Applications Group. Novellus Systems Inc has a market cap of $2.2 billion and is part of the technology sector. The company has a P/E ratio of 8.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Novellus Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, First Solar Inc ( FSLR), Opnext Inc ( OPXT), Daystar Technologies Inc ( DSTI), and Comverge Inc ( COMV) were all losers within the electronics industry with NVIDIA Corporation ( NVDA) being today's electronics industry Loser Spotlight stock.

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

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That