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

Micron Technology ( MU) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 0.4%. By the end of trading, Micron Technology fell 23 cents (-3.8%) to $5.77 on average volume. Throughout the day, 35.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 30.4 million shares. The stock ranged in price between $5.74-$6.08 after having opened the day at $6.02 as compared to the previous trading day's close of $6. Other company's within the Electronics industry that declined today were: Lime Energy ( LIME), down 44.8%, SRS Labs ( SRSL), down 10.7%, A123 Systems ( AONE), down 9.4%, and Hanwha SolarOne ( HSOL), down 8.2%.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $6.24 billion and is part of the technology sector. Shares are down 2.5% 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 revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. 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 positive front, CSR PLC ADR ( CSRE), up 31.1%, TranSwitch Corporation ( TXCC), up 14.3%, Tel Instrument Electronics Corporation ( TIK), up 13.6%, and Pixelworks ( PXLW), up 5.8%, were all gainers within the electronics industry with ASML ( ASML) 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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