InvenSense Inc (INVN): Today's Featured Electronics Winner

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InvenSense ( INVN) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.1%. By the end of trading, InvenSense rose $0.20 (1.2%) to $16.96 on average volume. Throughout the day, 3,030,536 shares of InvenSense exchanged hands as compared to its average daily volume of 2,464,800 shares. The stock ranged in a price between $16.25-$17.02 after having opened the day at $16.77 as compared to the previous trading day's close of $16.76. Other companies within the Electronics industry that increased today were: CSR ( CSRE), up 177.6%, Plug Power ( PLUG), up 17.4%, Nam Tai Electronics ( NTE), up 15.6% and Himax Technologies ( HIMX), up 9.1%.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics. InvenSense has a market cap of $1.5 billion and is part of the technology sector. Shares are up 50.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate InvenSense a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates InvenSense as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

On the negative front, Superconductor Technologies ( SCON), down 35.4%, Viasystems Group ( VIAS), down 12.6%, Enphase Energy ( ENPH), down 8.2% and LightPath Technologies ( LPTH), down 7.5% , 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).

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