Micron Technology Inc. (MU): 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.

Micron Technology ( MU) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.7%. By the end of trading, Micron Technology rose 34 cents (4.4%) to $8.02 on average volume. Throughout the day, 28.2 million shares of Micron Technology exchanged hands as compared to its average daily volume of 25.8 million shares. The stock ranged in a price between $7.72-$8.03 after having opened the day at $7.76 as compared to the previous trading day's close of $7.68. Other companies within the Electronics industry that increased today were: Trio-Tech International ( TRT), up 15%, Pulse Electronics ( PULS), up 13.9%, SemiLEDs ( LEDS), up 10%, and Viasystems Group ( VIAS), up 6.9%.
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Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $8.05 billion and is part of the technology sector. Shares are up 24.2% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Micron Technology a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Renewable Energy Trade Board ( EBOD), down 50.5%, Aehr Test Systems ( AEHR), down 10.1%, Superconductor Technologies ( SCON), down 9.4%, and Revolution Lighting Technologies ( RVLT), down 7.7%, were all laggards within the electronics industry with First Solar ( FSLR) 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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