The electronics industry closed the day up 0.4%. Spansion Inc ( CODE), Nanometrics Incorporated ( NANO), Oplink Communications Inc ( OPLK), and PMC-Sierra Inc ( PMCS) were all decliners today within the electronics industry with STMicroelectronics ( STM) being today's featured electronics loser. STMicroelectronics fell 15 cents (-2%) to $7.34 on light volume. Throughout the day, 1.4 million shares of STMicroelectronics exchanged hands as compared to its average daily volume of 3.5 million shares. STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. STMicroelectronics has a market cap of $6.1 billion and is part of the technology sector. The company has a P/E ratio of 6.4, above the average electronics industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 28.2% year to date as of the close of trading on Thursday. TheStreet Ratings rates STMicroelectronics as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.
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