Trimble Navigation Limited (TRMB): Today's Featured Electronics Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Trimble Navigation ( TRMB) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Trimble Navigation fell 50 cents (-1.1%) to $46.61 on light volume. Throughout the day, 588,154 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $46.57-$47.17 after having opened the day at $47.12 as compared to the previous trading day's close of $47.11. Other companies within the Electronics industry that declined today were: ReneSola ( SOL), down 15.6%, Lime Energy ( LIME), down 8%, Sutron Corporation ( STRN), down 7.9%, and Netlist ( NLST), down 7.1%.

Trimble Navigation Limited provides positioning, wireless, and software technology solutions. Trimble Navigation has a market cap of $5.9 billion and is part of the technology sector. The company has a P/E ratio of 37, above the average electronics industry P/E ratio of 36.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in net income, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Sevcon ( SEV), up 14.3%, Quicklogic Corporation ( QUIK), up 10.1%, Giga-tronics ( GIGA), up 8.8%, and Nexxus Lighting ( NEXS), up 7.5%, were all gainers within the electronics industry with Xilinx ( XLNX) being today's featured electronics industry leader.

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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