Trimble Navigation Limited (TRMB): 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.

Trimble Navigation ( TRMB) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.3%. By the end of trading, Trimble Navigation rose 53 cents (1%) to $53.07 on light volume. Throughout the day, 376,227 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 689,200 shares. The stock ranged in a price between $51.77-$53.31 after having opened the day at $52.22 as compared to the previous trading day's close of $52.54. Other companies within the Electronics industry that increased today were: Spire Corporation ( SPIR), up 7.6%, Nortech Systems Incorporated ( NSYS), up 7.5%, Advanced Photonix ( API), up 7.2%, and Lime Energy ( LIME), up 6.5%.
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Trimble Navigation Limited provides positioning, wireless, and software technology solutions. Trimble Navigation has a market cap of $6.68 billion and is part of the technology sector. The company has a P/E ratio of 36, above the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, Meade Instruments Corporation ( MEAD), down 14.3%, Trina Solar ( TSL), down 11%, Sequans Communications SA ADR ( SQNS), down 10.1%, and New Energy Systems Group ( NEWN), down 10%, were all laggards within the electronics industry with Intel ( INTC) 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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