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.
Advanced Micro Devices (
AMD) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.9%. By the end of trading, Advanced Micro Devices rose 4 cents (1.7%) to $2.41 on average volume. Throughout the day, 24.8 million shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 30.6 million shares. The stock ranged in a price between $2.38-$2.44 after having opened the day at $2.40 as compared to the previous trading day's close of $2.37. Other companies within the Electronics industry that increased today were:
Orion Energy Systems (
OESX), up 12%,
RF Micro Devices (
RFMD), up 8%,
AU Optronics Corporation (
AUO), up 7.5%, and
Anadigics (
ANAD), up 5.6%.
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Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices. Advanced Micro Devices has a market cap of $1.66 billion and is part of the technology sector. Shares are down 56.1% year to date as of the close of trading on Wednesday. Currently there are four analysts that rate Advanced Micro Devices a buy, four analysts rate it a sell, and 16 rate it a hold.
TheStreet Ratings rates Advanced Micro Devices as a
sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.
On the negative front,
Winland Electronics (
WEX), down 19.3%,
Superconductor Technologies (
SCON), down 17%,
Spire Corporation (
SPIR), down 14%, and
Daystar Technologies (
DSTI), down 11.1%, were all laggards within the electronics industry with
Texas Instruments (
TXN) 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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