Cirrus Logic Inc. (CRUS): 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.

Cirrus Logic ( CRUS) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Cirrus Logic fell $0.33 (-1.4%) to $23.09 on heavy volume. Throughout the day, 3,852,939 shares of Cirrus Logic exchanged hands as compared to its average daily volume of 2,162,800 shares. The stock ranged in price between $22.53-$23.79 after having opened the day at $23.70 as compared to the previous trading day's close of $23.42. Other companies within the Electronics industry that declined today were: Plug Power ( PLUG), down 11.1%, Wells-Gardner Electronic ( WGA), down 10.5%, Vicon Industries ( VII), down 6.9% and BTU International ( BTUI), down 6.4%.

Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. Cirrus Logic has a market cap of $1.5 billion and is part of the technology sector. Shares are down 19.2% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, SolarCity ( SCTY), up 22.4%, Aehr Test Systems ( AEHR), up 14.9%, Aetrium Incorporated ( ATRM), up 9.7% and Trio-Tech International ( TRT), up 8.6% , were all gainers within the electronics industry with Texas Instruments ( TXN) 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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