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.
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