Electronics Standout IPG Photonics Corporation (IPGP) Making Gains Today

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.

IPG Photonics Corporation ( IPGP) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 1.4%. By the end of trading, IPG Photonics Corporation rose $1.13 (1.8%) to $64.93 on light volume. Throughout the day, 292,511 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 595,600 shares. The stock ranged in a price between $63.42-$65.60 after having opened the day at $63.50 as compared to the previous trading day's close of $63.80. Other companies within the Electronics industry that increased today were: Sutron Corporation ( STRN), up 9.9%, ReneSola ( SOL), up 8.1%, Plug Power ( PLUG), up 6.9%, and Rudolph Technologies ( RTEC), up 6.2%.
  • 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.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. IPG Photonics Corporation has a market cap of $3.28 billion and is part of the technology sector. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are down 4.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates IPG Photonics Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Renewable Energy Trade Board ( EBOD), down 26%, Suntech Power Holdings ( STP), down 24.9%, TranSwitch Corporation ( TXCC), down 16.2%, and Spire Corporation ( SPIR), down 13.3%, were all laggards within the electronics industry with Micron Technology ( MU) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks