SanDisk Corp (SNDK): Today's Featured Electronics Loser

SanDisk ( SNDK) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 1.5%. By the end of trading, SanDisk fell $1.55 (-3%) to $49.52 on average volume. Throughout the day, eight million shares of SanDisk exchanged hands as compared to its average daily volume of 8.6 million shares. The stock ranged in price between $48.10-$51 after having opened the day at $50.92 as compared to the previous trading day's close of $51.07. Other company's within the Electronics industry that declined today were: Spire Corporation ( SPIR), down 18.8%, Daqo New Energy ( DQ), down 16.4%, BTU International Inc ( BTUI), down 14.1%, and Kemet Corporation ( KEM), down 13%.

SanDisk Corporation designs, develops, manufactures, and markets NAND-based flash data storage card products that are used in various consumer electronics products. SanDisk has a market cap of $12.33 billion and is part of the technology sector. The company has a P/E ratio of 10.4, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.4% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates SanDisk as a buy. 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, attractive valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Valpey Fisher Corporation ( VPF), up 60%, Trident Microsystems Inc ( TRID), up 26.3%, Rambus Inc ( RMBS), up 23.5%, and Viasystems Group Inc ( VIAS), up 22%, were all gainers within the electronics industry with First Solar Inc ( FSLR) 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

OPEC, Bank Stress Tests, Disney and Tesla - 5 Things You Must Know

OPEC, Bank Stress Tests, Disney and Tesla - 5 Things You Must Know

Big Banks Pass the Stress Tests and 4 Other Stories to Watch Friday Morning

Big Banks Pass the Stress Tests and 4 Other Stories to Watch Friday Morning

OPEC Debating 1 Million Barrel Oil Market Boost as Iran Signals Support

OPEC Debating 1 Million Barrel Oil Market Boost as Iran Signals Support

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Dow Set to Snap 8-Day Losing Streak as Stocks Recover, But Trade War Lingers

Foxconn Chairman Terry Gou: US and China Are Waging a Global 'Tech War'

Foxconn Chairman Terry Gou: US and China Are Waging a Global 'Tech War'