Micron Technology Inc. (MU): 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.

Micron Technology ( MU) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Micron Technology fell 13 cents (-2.3%) to $5.65 on light volume. Throughout the day, 16.7 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.4 million shares. The stock ranged in price between $5.65-$5.82 after having opened the day at $5.78 as compared to the previous trading day's close of $5.78. Other companies within the Electronics industry that declined today were: Mellanox Technologies ( MLNX), down 20.5%, PLX Technology ( PLXT), down 13.8%, ClearSign Combustion ( CLIR), down 13.2%, and SemiLEDs ( LEDS), down 12.6%.
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Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $5.88 billion and is part of the technology sector. Shares are down 8.1% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Micron Technology a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, SatCon Technology Corporation ( SATC), up 45.1%, A123 Systems ( AONE), up 36.4%, Vimicro International Corporation ( VIMC), up 11.6%, and Aetrium Incorporated ( ATRM), up 10%, were all gainers within the electronics industry with Lam Research Corporation ( LRCX) 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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