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 down 0.5%. By the end of trading, Micron Technology rose $0.56 (2.6%) to $21.83 on average volume. Throughout the day, 42,597,720 shares of Micron Technology exchanged hands as compared to its average daily volume of 46,516,900 shares. The stock ranged in a price between $21.33-$21.90 after having opened the day at $21.44 as compared to the previous trading day's close of $21.27. Other companies within the Electronics industry that increased today were: Luna Innovations ( LUNA), up 15.4%, Netlist ( NLST), up 8.8%, Quicklogic Corporation ( QUIK), up 5.5% and Sequans Communications ( SQNS), up 4.3%.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $22.2 billion and is part of the technology sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 232.8% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Micron Technology a buy, 2 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Micron Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Camtek ( CAMT), down 20.4%, Eltek ( ELTK), down 11.6%, LDK Solar Company ( LDK), down 7.3% and Uni-pixel ( UNXL), down 7.0% , were all laggards within the electronics industry with Corning ( GLW) 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).

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