Silicon Laboratories Inc. (SLAB): Today's Featured Electronics Loser

Silicon Laboratories ( SLAB) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day up 1.3%. By the end of trading, Silicon Laboratories fell $6.70 (-16.6%) to $33.66 on heavy volume. Throughout the day, 3.7 million shares of Silicon Laboratories exchanged hands as compared to its average daily volume of 274,600 shares. The stock ranged in price between $33.25-$41.19 after having opened the day at $41.13 as compared to the previous trading day's close of $40.36. Other company's within the Electronics industry that declined today were: Inphi ( IPHI), down 28.4%, Enova Systems ( ENA), down 17.2%, Entropic Communications ( ENTR), down 11.8%, and Giga-tronics ( GIGA), down 7.6%.

Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets analog-intensive and mixed-signal integrated circuits (ICs). Silicon Laboratories has a market cap of $1.72 billion and is part of the technology sector. The company has a P/E ratio of 51.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 7% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Silicon Laboratories a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Silicon Laboratories 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, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Microvision ( MVIS), up 16.7%, Chipmos Technologies Bermuda ( IMOS), up 11.8%, Cirrus Logic ( CRUS), up 11%, and RF Micro Devices ( RFMD), up 8.8%, were all gainers within the electronics industry with Corning ( GLW) 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).
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