Agilent Technologies Inc (A): 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.

Agilent Technologies ( A) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Agilent Technologies fell 49 cents (-1.4%) to $35.51 on average volume. Throughout the day, 3.2 million shares of Agilent Technologies exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in price between $35.38-$35.73 after having opened the day at $35.52 as compared to the previous trading day's close of $36. Other companies within the Electronics industry that declined today were: SatCon Technology Corporation ( SATC), down 30.6%, A123 Systems ( AONE), down 14.7%, Plug Power ( PLUG), down 7.6%, and Digital Power Corporation ( DPW), down 7.3%.
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Agilent Technologies, Inc. provides bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries worldwide. Agilent Technologies has a market cap of $12.46 billion and is part of the technology sector. The company has a P/E ratio of 12.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Agilent Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Agilent Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Trio-Tech International ( TRT), up 14.8%, Spire Corporation ( SPIR), up 14%, ARM Holdings ( ARMH), up 10.9%, and Cogo Group ( COGO), up 10.7%, were all gainers within the electronics industry with NXP Semiconductor ( NXPI) 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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