SanDisk Corp (SNDK): 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.

SanDisk ( SNDK) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.7%. By the end of trading, SanDisk rose 93 cents (2%) to $46.53 on average volume. Throughout the day, 6.1 million shares of SanDisk exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in a price between $45.40-$46.97 after having opened the day at $45.67 as compared to the previous trading day's close of $45.60. Other companies within the Computer Hardware industry that increased today were: Dataram Corporation ( DRAM), up 10.2%, Performance Technologies ( PTIX), up 7.6%, iGo ( IGOI), up 7.1%, and Xplore Technologies Corporation Class A ( XPLR), up 5.9%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $10.96 billion and is part of the technology sector. The company has a P/E ratio of 23, above the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate SanDisk a buy, one analyst rates it a sell, and five 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 negative front, OCZ Technology Group ( OCZ), down 4%, SMART Technologies ( SMT), down 3.9%, Immersion Corporation ( IMMR), down 3.9%, and Interphase ( INPH), down 3.4%, were all laggards within the computer hardware industry with Seagate Technology ( STX) being today's computer hardware industry laggard.

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).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

5 Huge Tech Stocks Warren Buffett's Berkshire Hathaway Also Missed

Micron Technology Names Sanjay Mehrotra CEO, President

Cramer: And Now, the Von Trump Family Singers With 'My Favorite Things'

Samsung Plays 'Chips and Displays' Card in Earnings Comeback, but Is It a Winning Bet?

Western Digital Coincides With the 'New View' of the World: More Squawk From Jim Cramer