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

Micron Technology ( MU) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Micron Technology fell $0.28 (-2.0%) to $14.03 on average volume. Throughout the day, 52,564,949 shares of Micron Technology exchanged hands as compared to its average daily volume of 35,078,000 shares. The stock ranged in price between $13.87-$14.36 after having opened the day at $14.36 as compared to the previous trading day's close of $14.31. Other companies within the Technology sector that declined today were: Daqo New Energy ( DQ), down 20.2%, ClickSoftware Technologies ( CKSW), down 10.1%, MER Telemanagement Solutions ( MTSL), down 9.4% and Vimicro International Corporation ( VIMC), down 9.2%.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $14.6 billion and is part of the electronics industry. Shares are up 125.7% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 8 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 compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and weak operating cash flow.

On the positive front, Luna Innovations ( LUNA), up 40.8%, Ascent Solar Technologies ( ASTI), up 18.1%, Uni-pixel ( UNXL), up 16.1% and Plug Power ( PLUG), up 14.9% , were all gainers within the technology sector with Facebook Inc Class A ( FB) being today's featured technology sector leader.

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).

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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