Applied Materials Inc. (AMAT): 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.

Applied Materials ( AMAT) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.0%. By the end of trading, Applied Materials rose $0.25 (1.4%) to $17.52 on average volume. Throughout the day, 12,249,486 shares of Applied Materials exchanged hands as compared to its average daily volume of 12,731,000 shares. The stock ranged in a price between $17.17-$17.63 after having opened the day at $17.26 as compared to the previous trading day's close of $17.27. Other companies within the Electronics industry that increased today were: Eltek ( ELTK), up 26.0%, GigOptix ( GIG), up 25.5%, China Sunergy ( CSUN), up 7.9% and RF Industries ( RFIL), up 7.3%.

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Applied Materials has a market cap of $20.7 billion and is part of the technology sector. The company has a P/E ratio of 82.1, above the S&P 500 P/E ratio of 17.7. Shares are up 50.8% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Applied Materials a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Applied Materials as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and expanding profit margins. 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 negative front, JA Solar Holdings Co. ADR ( JASO), down 10.2%, Nam Tai Electronics ( NTE), down 8.4%, Montage Technology Group ( MONT), down 3.7% and Hanwha SolarOne ( HSOL), down 2.8% , were all laggards within the electronics industry with Marvell Technology Group ( MRVL) 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

More from Markets

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Jim Cramer: Centene Is in All the Big Medicare Markets

Jim Cramer: Centene Is in All the Big Medicare Markets

Jim Cramer on the Markets: I Struggle With How Negative Things Are

Jim Cramer on the Markets: I Struggle With How Negative Things Are

Video: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene