Trimble Navigation Limited (TRMB): 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

Trimble Navigation ( TRMB) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole was unchanged today. By the end of trading, Trimble Navigation fell $0.35 (-1.2%) to $27.69 on average volume. Throughout the day, 1,154,600 shares of Trimble Navigation exchanged hands as compared to its average daily volume of 1,486,800 shares. The stock ranged in price between $27.52-$27.93 after having opened the day at $27.93 as compared to the previous trading day's close of $28.04. Other companies within the Electronics industry that declined today were: Renewable Energy Trade Board ( EBOD), down 60.8%, Digital Power Corporation ( DPW), down 12.7%, ReneSola ( SOL), down 7.7% and BTU International ( BTUI), down 6.0%.
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Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. Trimble Navigation has a market cap of $7.3 billion and is part of the technology sector. The company has a P/E ratio of 38.3, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Trimble Navigation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Trimble Navigation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Plug Power ( PLUG), down 19.6%, Uni-pixel ( UNXL), down 7.1%, Axcelis Technologies ( ACLS), down 6.0% and Yingli Green Energy Holding Company ( YGE), down 5.3% , were all gainers within the electronics industry with Micron Technology ( MU) 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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