Analog Devices Inc (ADI): Today's Featured Electronics Laggard

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.

Analog Devices ( ADI) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Analog Devices fell $0.90 (-1.9%) to $46.95 on heavy volume. Throughout the day, 3,986,024 shares of Analog Devices exchanged hands as compared to its average daily volume of 1,860,300 shares. The stock ranged in price between $46.42-$47.29 after having opened the day at $46.65 as compared to the previous trading day's close of $47.85. Other companies within the Electronics industry that declined today were: TranSwitch Corporation ( TXCC), down 10.5%, Aetrium Incorporated ( ATRM), down 9.9%, BTU International ( BTUI), down 8.1% and Nexxus Lighting ( NEXS), down 6.9%.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $14.7 billion and is part of the technology sector. Shares are up 13.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Trina Solar ( TSL), up 14.7%, Hanwha SolarOne ( HSOL), up 9.8%, Canadian Solar ( CSIQ), up 9.2% and ReneSola ( SOL), up 7.7% , were all gainers within the electronics industry with SunPower Corporation ( SPWR) 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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