Maxim Integrated Products Inc. (MXIM): 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.

Maxim Integrated Products ( MXIM) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Maxim Integrated Products fell $0.48 (-1.6%) to $29.74 on heavy volume. Throughout the day, 5,397,468 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 2,831,800 shares. The stock ranged in price between $29.69-$30.36 after having opened the day at $29.99 as compared to the previous trading day's close of $30.22. Other companies within the Technology sector that declined today were: Friendfinder Networks ( FFN), down 93.0%, Alteva ( ALTV), down 34.5%, Alvarion ( ALVR), down 13.5% and LookSmart ( LOOK), down 11.8%.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.6 billion and is part of the electronics industry. Shares are up 2.2% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, CSR ( CSRE), up 196.4%, Aehr Test Systems ( AEHR), up 36.0%, eLong ( LONG), up 20.5% and Sky-mobi ( MOBI), up 20.3% , were all gainers within the technology sector with Seagate Technology ( STX) 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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