Cirrus Logic Inc. (CRUS): Today's Featured Electronics Laggard

Cirrus Logic ( CRUS) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Cirrus Logic fell $0.22 (-1.3%) to $16.92 on light volume. Throughout the day, 1,904,312 shares of Cirrus Logic exchanged hands as compared to its average daily volume of 3,475,400 shares. The stock ranged in price between $16.91-$17.28 after having opened the day at $17.25 as compared to the previous trading day's close of $17.14. Other companies within the Electronics industry that declined today were: Amtech Systems ( ASYS), down 11.2%, Qualstar Corporation ( QBAK), down 8.6%, Digital Power Corporation ( DPW), down 7.3% and Aetrium Incorporated ( ATRM), down 4.7%.

Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. Cirrus Logic has a market cap of $1.1 billion and is part of the technology sector. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7. Shares are down 39.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, GT Advanced Technologies ( GTAT), up 13.8%, Intevac ( IVAC), up 12.1%, Canadian Solar ( CSIQ), up 9.5% and Enphase Energy ( ENPH), up 9.1% , were all gainers within the electronics industry with Taiwan Semiconductor Manufacturing ( TSM) 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.
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