SanDisk Corp (SNDK): Today's Featured Electronics Winner

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 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, SanDisk rose $1.30 (3%) to $44.31 on average volume. Throughout the day, 4.7 million shares of SanDisk exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $42.78-$44.37 after having opened the day at $43.34 as compared to the previous trading day's close of $43.01. Other companies within the Electronics industry that increased today were: Dynasil Corporation of America ( DYSL), up 12.8%, Spire Corporation ( SPIR), up 7.4%, Nexxus Lighting ( NEXS), up 7.2%, and API Technologies ( ATNY), up 5.9%.
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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 $10.49 billion and is part of the technology sector. The company has a P/E ratio of 16.6, 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 11.7% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate SanDisk a buy, one analyst rates it a sell, and nine rate it a hold.

TheStreet Ratings rates SanDisk as a buy. 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. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the negative front, Enova Systems ( ENA), down 12%, SMTC Corporation ( SMTX), down 8.1%, Daystar Technologies ( DSTI), down 6.5%, and LRAD ( LRAD), down 6.2%, were all laggards within the electronics industry with IPG Photonics Corporation ( IPGP) 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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