Applied Materials Inc. (AMAT): 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.

Applied Materials ( AMAT) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.6%. By the end of trading, Applied Materials rose $0.25 (1.6%) to $16.27 on light volume. Throughout the day, 10,019,969 shares of Applied Materials exchanged hands as compared to its average daily volume of 13,551,400 shares. The stock ranged in a price between $16.15-$16.46 after having opened the day at $16.20 as compared to the previous trading day's close of $16.02. Other companies within the Electronics industry that increased today were: Plug Power ( PLUG), up 16.8%, Silicon Motion Technology Corporation ( SIMO), up 13.4%, Peregrine Semiconductor ( PSMI), up 12.9% and Dynasil Corporation of America ( DYSL), up 10.3%.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $19.4 billion and is part of the technology sector. Shares are up 41.0% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Applied Materials a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Applied Materials as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Nam Tai Electronics ( NTE), down 10.4%, Ambarella ( AMBA), down 7.9%, TranSwitch Corporation ( TXCC), down 7.2% and PMC-Sierra ( PMCS), down 6.0% , were all laggards within the electronics industry with Corning ( GLW) 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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