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 closed the day down 0.3%. By the end of trading, SanDisk fell 75 cents (-1.8%) to $40.47 on average volume. Throughout the day, 4.4 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in price between $39.70-$41.53 after having opened the day at $41.36 as compared to the previous trading day's close of $41.22. Other companies within the Electronics industry that declined today were: Aehr Test Systems ( AEHR), down 13.7%, Zygo Corporation ( ZIGO), down 10.9%, eMagin Corporation ( EMAN), down 10.5%, and Enphase Energy ( ENPH), down 8.7%.
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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 $9.94 billion and is part of the technology sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are down 16.5% year to date as of the close of trading on Friday. Currently there are 16 analysts that rate SanDisk a buy, one analyst rates it a sell, and six 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 lackluster performance in the stock itself.

On the positive front, Pulse Electronics ( PULS), up 35.8%, LDK Solar Company ( LDK), up 20%, Parkervision ( PRKR), up 10.5%, and China Sunergy ( CSUN), up 7.9%, were all gainers within the electronics industry with KLA-Tencor Corporation ( KLAC) 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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