Lexmark International Inc. (LXK): Today's Featured Computer Hardware 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.

Lexmark International ( LXK) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.5%. By the end of trading, Lexmark International rose 39 cents (1.8%) to $21.84 on average volume. Throughout the day, 1.9 million shares of Lexmark International exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $21.10-$21.99 after having opened the day at $21.38 as compared to the previous trading day's close of $21.45. Other companies within the Computer Hardware industry that increased today were: Immersion Corporation ( IMMR), up 12.9%, Hutchinson Technology ( HTCH), up 6.9%, Lantronix ( LTRX), up 5.7%, and Radcom ( RDCM), up 5.3%.
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Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices. It offers laser printers, inkjet printers, and multifunction devices, as well as cartridges and other supplies, services, and solutions. Lexmark International has a market cap of $1.4 billion and is part of the technology sector. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are down 35.1% year to date as of the close of trading on Monday. Currently there are no analysts that rate Lexmark International a buy, five analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Lexmark International as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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