Maxim Integrated Products Inc. (MXIM): Today's Featured Electronics Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Maxim Integrated Products ( MXIM) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.6%. By the end of trading, Maxim Integrated Products rose $0.61 (2.2%) to $28.03 on heavy volume. Throughout the day, 13,309,284 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3,115,400 shares. The stock ranged in a price between $26.49-$28.38 after having opened the day at $26.93 as compared to the previous trading day's close of $27.42. Other companies within the Electronics industry that increased today were: Quicklogic Corporation ( QUIK), up 13.2%, Aehr Test Systems ( AEHR), up 11.8%, Nam Tai Electronics ( NTE), up 11.0% and Orion Energy Systems ( OESX), up 8.9%.

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 $7.9 billion and is part of the technology sector. Shares are down 7.6% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 9 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, SatCon Technology Corporation ( SATC), down 16.7%, Cirrus Logic ( CRUS), down 12.8%, Multi-Fineline Electronix ( MFLX), down 11.5% and Semtech Corporation ( SMTC), down 9.0% , were all laggards within the electronics industry with Taiwan Semiconductor Manufacturing ( TSM) being today's electronics industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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