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.
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