Advanced Micro Devices Inc (AMD): Today's Featured Technology 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.

Advanced Micro Devices ( AMD) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.0%. By the end of trading, Advanced Micro Devices fell $0.04 (-1.2%) to $3.38 on light volume. Throughout the day, 13,253,092 shares of Advanced Micro Devices exchanged hands as compared to its average daily volume of 27,344,700 shares. The stock ranged in price between $3.37-$3.48 after having opened the day at $3.43 as compared to the previous trading day's close of $3.42. Other companies within the Technology sector that declined today were: xG Technology ( XGTI), down 12.3%, Shanda Games ( GAME), down 10.6%, Plug Power ( PLUG), down 10.5% and Performance Technologies ( PTIX), down 9.2%.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in two segments, Computing Solutions and Graphics. Advanced Micro Devices has a market cap of $2.6 billion and is part of the electronics industry. Shares are up 41.2% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Advanced Micro Devices a buy, 3 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Advanced Micro Devices as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

On the positive front, Methode Electronics ( MEI), up 32.5%, Perceptron ( PRCP), up 25.0%, EGain ( EGAN), up 20.1% and ChinaNet Online Holdings ( CNET), up 17.5% , were all gainers within the technology sector with Salesforce.com ( CRM) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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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