SanDisk Corp (SNDK): 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.

SanDisk ( SNDK) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.9%. By the end of trading, SanDisk rose 63 cents (1.6%) to $39.47 on average volume. Throughout the day, four million shares of SanDisk exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $38.67-$39.73 after having opened the day at $38.73 as compared to the previous trading day's close of $38.84. Other companies within the Electronics industry that increased today were: Memsic ( MEMS), up 71.8%, Spire Corporation ( SPIR), up 22.5%, Oclaro ( OCLR), up 12.2%, and GigOptix ( GIG), up 11.5%.
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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 $9.5 billion and is part of the technology sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 20.1% year to date as of the close of trading on Tuesday. 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.

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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