Analog Devices Inc (ADI): Today's Featured Electronics Winner

Analog Devices ( ADI) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.1%. By the end of trading, Analog Devices rose 32 cents (0.9%) to $36.44 on average volume. Throughout the day, 2.8 million shares of Analog Devices exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $36.09-$36.71 after having opened the day at $36.25 as compared to the previous trading day's close of $36.12. Other companies within the Electronics industry that increased today were: Winland Electronics ( WEX), up 31.8%, Ascent Solar Technologies ( ASTI), up 18.7%, Daystar Technologies ( DSTI), up 8.3%, and Applied Biosystems Incorporated ( ABI), up 7.1%.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. Analog Devices has a market cap of $10.83 billion and is part of the technology sector. The company has a P/E ratio of 15.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Analog Devices a buy, no analysts rate it a sell, and eight rate it a hold.

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

On the negative front, Silicon Motion Technology Corporation ( SIMO), down 11.1%, A123 Systems ( AONE), down 7.6%, Power-One ( PWER), down 7.6%, and Parkervision ( PRKR), down 7.3%, were all losers within the electronics industry with Corning ( GLW) 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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