Micron Technology Inc. (MU): Today's Featured Electronics Winner

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 higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.2%. By the end of trading, Micron Technology rose $0.35 (2.0%) to $18.02 on average volume. Throughout the day, 58,190,642 shares of Micron Technology exchanged hands as compared to its average daily volume of 42,088,600 shares. The stock ranged in a price between $17.37-$18.10 after having opened the day at $17.94 as compared to the previous trading day's close of $17.66. Other companies within the Electronics industry that increased today were: CSR ( CSRE), up 200.9%, Ascent Solar Technologies ( ASTI), up 22.4%, Kemet Corporation ( KEM), up 9.2% and Superconductor Technologies ( SCON), up 8.1%.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Micron Technology has a market cap of $17.7 billion and is part of the technology sector. Shares are up 168.8% year to date as of the close of trading on Wednesday. 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 negative front, CEVA ( CEVA), down 16.3%, Alliance Fiber Optic Products ( AFOP), down 6.8%, Giga-tronics ( GIGA), down 6.6% and Hurco Companies ( HURC), down 5.4% , were all laggards within the electronics industry with Intel ( INTC) being today's electronics industry laggard.

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).

3x UPSIDE POTENTIAL: 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

Stocks Claw Back From Session Lows as Markets Digest North Korea Threat

North Korea Threat Resurfaces to Drag Stock Futures Lower

7 Essential Rules for Investing in Tech Stocks

Wall Street Deflates in Pullback After Fed Excitement, No Records for Dow