SanDisk Corp (SNDK): Today's Featured Computer Hardware Winner

SanDisk ( SNDK) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.9%. By the end of trading, SanDisk rose 60 cents (1.4%) to $42.08 on average volume. Throughout the day, 4.5 million shares of SanDisk exchanged hands as compared to its average daily volume of 5.9 million shares. The stock ranged in a price between $41.78-$42.60 after having opened the day at $41.84 as compared to the previous trading day's close of $41.48. Other companies within the Computer Hardware industry that increased today were: Hauppauge Digital ( HAUP), up 9.2%, Finisar Corporation ( FNSR), up 6.3%, Synaptics ( SYNA), up 5.9%, and Top Image Systems ( TISA), up 5.1%.

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. SanDisk has a market cap of $10.08 billion and is part of the technology sector. The company has a P/E ratio of 15.3, below the average computer hardware industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 15.9% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate SanDisk a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates SanDisk as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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