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.
Maxim Integrated Products (
MXIM) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.2%. By the end of trading, Maxim Integrated Products rose 58 cents (2.2%) to $27.20 on heavy volume. Throughout the day, four million shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $26.57-$27.34 after having opened the day at $26.68 as compared to the previous trading day's close of $26.62. Other companies within the Electronics industry that increased today were:
A123 Systems (
AONE), up 20%,
New Energy Systems Group (
NEWN), up 10.9%,
Aehr Test Systems (
AEHR), up 10.1%, and
Memsic (
MEMS), up 8.8%.
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Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $7.89 billion and is part of the
technology sector. The company has a P/E ratio of 22.9, above the average electronics industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Maxim Integrated Products a buy, one analyst rates it a sell, and eight rate it a hold.
TheStreet Ratings rates Maxim Integrated Products 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, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the negative front,
Winland Electronics (
WEX), down 17.3%,
Pulse Electronics (
PULS), down 11.6%,
Enova Systems (
ENA), down 11%, and
Nexxus Lighting (
NEXS), down 10.4%, were all laggards within the electronics industry with
Micron Technology (
MU) being today's electronics industry laggard.
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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