Micron Technology Inc. (MU): 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.

Micron Technology ( MU) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Micron Technology fell $0.18 (-1.0%) to $17.05 on light volume. Throughout the day, 30,223,134 shares of Micron Technology exchanged hands as compared to its average daily volume of 42,762,000 shares. The stock ranged in price between $16.74-$17.35 after having opened the day at $17.23 as compared to the previous trading day's close of $17.23. Other companies within the Electronics industry that declined today were: Daqo New Energy ( DQ), down 10.7%, Nexxus Lighting ( NEXS), down 8.5%, Revolution Lighting Technologies ( RVLT), down 8.5% and LRAD ( LRAD), down 7.1%.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $17.8 billion and is part of the technology sector. Shares are up 170.7% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Micron Technology a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the positive front, Nortech Systems Incorporated ( NSYS), up 8.3%, Cirrus Logic ( CRUS), up 5.4%, RF Micro Devices ( RFMD), up 5.4% and Mindspeed Technologies ( MSPD), up 5.3% , 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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