SanDisk Corp (SNDK): 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.

SanDisk ( SNDK) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole was unchanged today. By the end of trading, SanDisk fell 56 cents (-1.2%) to $45.19 on light volume. Throughout the day, 3.1 million shares of SanDisk exchanged hands as compared to its average daily volume of five million shares. The stock ranged in price between $45.01-$45.99 after having opened the day at $45.56 as compared to the previous trading day's close of $45.75. Other companies within the Electronics industry that declined today were: Ascent Solar Technologies ( ASTI), down 13.9%, A123 Systems ( AONE), down 10.5%, Advanced Micro Devices ( AMD), down 9.7%, and Aetrium Incorporated ( ATRM), down 5.6%.
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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 $11.04 billion and is part of the technology sector. The company has a P/E ratio of 17.4, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 7.2% 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 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Winland Electronics ( WEX), up 16.7%, Enova Systems ( ENA), up 13.2%, Rubicon Technology ( RBCN), up 8.8%, and Nexxus Lighting ( NEXS), up 6.4%, were all gainers within the electronics industry with Marvell Technology Group ( MRVL) 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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