Cypress Semiconductor Corporation (CY): 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.

Cypress Semiconductor Corporation ( CY) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Cypress Semiconductor Corporation fell $1.68 (-14.9%) to $9.65 on heavy volume. Throughout the day, 20,274,068 shares of Cypress Semiconductor Corporation exchanged hands as compared to its average daily volume of 2,719,300 shares. The stock ranged in price between $9.50-$10.55 after having opened the day at $10.53 as compared to the previous trading day's close of $11.34. Other companies within the Electronics industry that declined today were: Enphase Energy ( ENPH), down 5.5%, Advanced Photonix ( API), down 5.1%, Aehr Test Systems ( AEHR), down 5.0% and Electro-Sensors ( ELSE), down 4.5%.

Cypress Semiconductor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets mixed-signal, programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions. Cypress Semiconductor Corporation has a market cap of $1.7 billion and is part of the technology sector. Shares are up 6.1% year to date as of the close of trading on Monday. Currently there are 3 analysts that rate Cypress Semiconductor Corporation a buy, 2 analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Cypress Semiconductor Corporation as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.

On the positive front, Daqo New Energy ( DQ), up 61.1%, Trio-Tech International ( TRT), up 10.2%, Applied Materials ( AMAT), up 9.1% and Kopin Corporation ( KOPN), up 8.8% , were all gainers within the electronics industry with Eaton Corporation ( ETN) 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.
null

If you liked this article you might like

What Investing Legends Do When the Stock Market Stumbles

What Investing Legends Do When the Stock Market Stumbles

Cramer Calls It a Market Reset: 'Mad Money' Recap (Monday 2/5/18)

Cramer Calls It a Market Reset: 'Mad Money' Recap (Monday 2/5/18)

Jim Cramer Says You Need to Have Your Shopping List of Stocks Ready

Jim Cramer Says You Need to Have Your Shopping List of Stocks Ready

The Really Big Money Rushes to Super Bowl

The Really Big Money Rushes to Super Bowl

Which Chip Companies Could Be Acquired Next?

Which Chip Companies Could Be Acquired Next?