Linear Technology (LLTC): 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

Linear Technology ( LLTC) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.5%. By the end of trading, Linear Technology rose $0.71 (2.0%) to $36.50 on average volume. Throughout the day, 3,001,600 shares of Linear Technology exchanged hands as compared to its average daily volume of 2,679,100 shares. The stock ranged in a price between $35.60-$36.59 after having opened the day at $35.69 as compared to the previous trading day's close of $35.79. Other companies within the Electronics industry that increased today were: On Track Innovations ( OTIV), up 19.6%, Renewable Energy Trade Board ( EBOD), up 13.6%, Vishay Intertechnology ( VSH), up 9.8% and Spansion ( CODE), up 9.0%.
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Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits (ICs) worldwide. Linear Technology has a market cap of $8.3 billion and is part of the technology sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Monday.

TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, increase in net income, expanding profit margins 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, Winland Electronics ( WELX), down 99.0%, Alpha & Omega Semiconductor ( AOSL), down 15.8%, SemiLEDs ( LEDS), down 9.8% and Peregrine Semiconductor ( PSMI), down 9.3% , were all laggards within the electronics industry with Avago Technologies ( AVGO) 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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