Lam Research Corporation (LRCX): 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.

Lam Research Corporation ( LRCX) 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, Lam Research Corporation fell $0.55 (-1.1%) to $49.85 on light volume. Throughout the day, 1,213,906 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 1,794,000 shares. The stock ranged in price between $49.61-$50.45 after having opened the day at $50.36 as compared to the previous trading day's close of $50.40. Other companies within the Electronics industry that declined today were: Aehr Test Systems ( AEHR), down 5.5%, Alliance Fiber Optic Products ( AFOP), down 5.1%, SolarCity ( SCTY), down 4.4% and MoSys ( MOSY), down 4.3%.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers plasma etch products that remove materials from the wafer to create the features and patterns of a device. Lam Research Corporation has a market cap of $8.2 billion and is part of the technology sector. Shares are up 39.0% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Lam Research Corporation a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Lam Research Corporation 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, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Dynasil Corporation of America ( DYSL), up 14.3%, Oclaro ( OCLR), up 13.0%, Sequans Communications ( SQNS), up 11.4% and Sigmatron International ( SGMA), up 11.3% , were all gainers within the electronics industry with Intel ( INTC) 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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