Advanced Micro Devices Inc (AMD): Today's Featured Technology 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

Advanced Micro Devices ( AMD) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.2%. By the end of trading, Advanced Micro Devices rose $0.05 (1.3%) to $4.01 on average volume. Throughout the day, 32,971,300 shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 24,972,700 shares. The stock ranged in a price between $3.79-$4.05 after having opened the day at $3.81 as compared to the previous trading day's close of $3.96. Other companies within the Technology sector that increased today were: China Information Technology ( CNIT), up 23.6%, Hewlett-Packard ( HPQ), up 17.1%, Hanwha SolarOne ( HSOL), up 16.2% and Shanda Games ( GAME), up 16.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, 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.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing Solutions and Graphics. Advanced Micro Devices has a market cap of $2.9 billion and is part of the electronics industry. Shares are up 67.5% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Advanced Micro Devices a buy, 3 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Advanced Micro Devices as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk.

On the negative front, Deltathree ( DDDC), down 24.6%, Cirrus Logic ( CRUS), down 19.5%, BOS Better Online Solutions ( BOSC), down 15.0% and WPCS International ( WPCS), down 14.3% , were all laggards within the technology sector with Symantec ( SYMC) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.