Cirrus Logic Inc. (CRUS): Today's Featured Electronics Winner

Cirrus Logic ( CRUS) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole was unchanged today. By the end of trading, Cirrus Logic rose 24 cents (0.8%) to $29.35 on light volume. Throughout the day, 1.5 million shares of Cirrus Logic exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $28.61-$29.48 after having opened the day at $28.76 as compared to the previous trading day's close of $29.11. Other companies within the Electronics industry that increased today were: Microvision ( MVIS), up 28.3%, Aetrium Incorporated ( ATRM), up 12.5%, LRAD ( LRAD), up 9.4%, and Superconductor Technologies ( SCON), up 8.1%.

Cirrus Logic, Inc., a fabless semiconductor company, develops and sells high-precision analog and mixed-signal integrated circuits (ICs) for audio and energy markets worldwide. Cirrus Logic has a market cap of $1.88 billion and is part of the technology sector. The company has a P/E ratio of 22.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 83.7% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Daystar Technologies ( DSTI), down 13.3%, Meade Instruments Corporation ( MEAD), down 10.1%, Spire Corporation ( SPIR), down 7.7%, and China Sunergy ( CSUN), down 7.3%, were all losers within the electronics industry with Intel ( INTC) 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).

null

More from Markets

Dow Falls Sharply as Wall Street Weighs Trump's New Trade Threats

Dow Falls Sharply as Wall Street Weighs Trump's New Trade Threats

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Intel Gets a Downgrade Following CEO Resignation

Intel Gets a Downgrade Following CEO Resignation

Jim Cramer: Reports of Attempted Trade Truce With China Are False

Jim Cramer: Reports of Attempted Trade Truce With China Are False

Ford and General Motors 'Notably Vulnerable' to Trade War: Moody's

Ford and General Motors 'Notably Vulnerable' to Trade War: Moody's