Micron Technology Inc. (MU): Today's Featured Electronics Laggard

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 lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 2.3%. By the end of trading, Micron Technology fell $0.22 (-2.3%) to $9.20 on average volume. Throughout the day, 28,558,395 shares of Micron Technology exchanged hands as compared to its average daily volume of 32,023,200 shares. The stock ranged in price between $9.15-$9.47 after having opened the day at $9.42 as compared to the previous trading day's close of $9.42. Other companies within the Electronics industry that declined today were: SemiLEDs ( LEDS), down 20.8%, Faro Technologies ( FARO), down 14.8%, Entropic Communications ( ENTR), down 12.3% and Ixia ( XXIA), down 11.9%.
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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 $9.6 billion and is part of the technology sector. Shares are up 47.5% year to date as of the close of trading on Tuesday. Currently there are 17 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 6 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 revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.

On the positive front, Mindspeed Technologies ( MSPD), down 17.5%, Advanced Micro Devices ( AMD), down 14.2%, Nortech Systems Incorporated ( NSYS), down 9.7% and Superconductor Technologies ( SCON), down 7.6% , were all gainers within the electronics industry with Marvell Technology Group ( MRVL) being today's featured electronics industry leader.

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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