Maxim Integrated Products Inc. (MXIM): 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

Maxim Integrated Products ( MXIM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Maxim Integrated Products fell $0.36 (-1.2%) to $28.48 on heavy volume. Throughout the day, 4,099,871 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2,694,500 shares. The stock ranged in price between $28.26-$29.07 after having opened the day at $28.95 as compared to the previous trading day's close of $28.84. Other companies within the Electronics industry that declined today were: Digital Power Corporation ( DPW), down 11.1%, Trio-Tech International ( TRT), down 9.6%, Spire Corporation ( SPIR), down 6.3% and Vimicro International Corporation ( VIMC), down 6.1%.
  • 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

Maxim Integrated Products, Inc. engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company also provides various high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.5 billion and is part of the technology sector. The company has a P/E ratio of 19.7, above the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Advanced Photonix ( API), down 29.6%, Oclaro ( OCLR), down 14.6%, Anadigics ( ANAD), down 8.3% and Uni-pixel ( UNXL), down 7.2% , 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

3 Tech Giants That Could Mint Money From Samsung's Cool New Smartphone

8 Chipmakers That Could Be Bought Next Now that Intel Is Acquiring Mobileye

Which Chipmaker Could Be Bought Next in the Race for the Self-Driving Car?

Is Maxim Integrated Products in the Chips?

Maxim Integrated: Cramer's Top Takeaways