Micron Technology Inc. (MU): Today's Featured Electronics Winner

Micron Technology ( MU) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.7%. By the end of trading, Micron Technology rose 9 cents (1.4%) to $6.68 on average volume. Throughout the day, 29 million shares of Micron Technology exchanged hands as compared to its average daily volume of 32.9 million shares. The stock ranged in a price between $6.52-$6.83 after having opened the day at $6.57 as compared to the previous trading day's close of $6.59. Other companies within the Electronics industry that increased today were: PLX Technology ( PLXT), up 67.3%, Veeco Instruments ( VECO), up 15.3%, IPG Photonics Corporation ( IPGP), up 14%, and Advanced Energy Industries ( AEIS), up 12.1%.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $6.5 billion and is part of the technology sector. Shares are up 4.8% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Micron Technology a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

On the negative front, Park Electrochemical ( PKE), down 9.7%, Integrated Device Technology ( IDTI), down 9.5%, Silicon Motion Technology Corporation ( SIMO), down 8.7%, and Transcat ( TRNS), down 6%, were all losers within the electronics industry with Applied Materials ( AMAT) being today's electronics industry loser.

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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