Flextronics International Ltd. (FLEX): 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.

Flextronics International ( FLEX) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Flextronics International fell $0.21 (-2.3%) to $8.94 on heavy volume. Throughout the day, 10,430,822 shares of Flextronics International exchanged hands as compared to its average daily volume of 4,534,400 shares. The stock ranged in price between $8.89-$9.21 after having opened the day at $9.19 as compared to the previous trading day's close of $9.15. Other companies within the Electronics industry that declined today were: Ascent Solar Technologies ( ASTI), down 7.7%, Marvell Technology Group ( MRVL), down 5.9%, FormFactor ( FORM), down 4.8% and Nexxus Lighting ( NEXS), down 4.2%.

Flextronics International Ltd. provides design and manufacturing services to original equipment manufacturers (OEMs) worldwide. Flextronics International has a market cap of $5.5 billion and is part of the technology sector. Shares are up 45.0% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Flextronics International a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Flextronics International as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Alliance Fiber Optic Products ( AFOP), up 10.8%, BTU International ( BTUI), up 6.5%, Chipmos Technologies Bermuda ( IMOS), up 6.5% and Telenav ( TNAV), up 6.5% , were all gainers within the electronics industry with Taiwan Semiconductor Manufacturing ( TSM) 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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