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.Intel ( INTC) 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, Intel rose $0.52 (2.2%) to $24.26 on average volume. Throughout the day, 44,184,404 shares of Intel exchanged hands as compared to its average daily volume of 32,483,700 shares. The stock ranged in a price between $23.75-$24.35 after having opened the day at $23.82 as compared to the previous trading day's close of $23.74. Other companies within the Electronics industry that increased today were: Methode Electronics ( MEI), up 43.1%, Plug Power ( PLUG), up 42.5%, China Sunergy ( CSUN), up 12.1% and Avago Technologies ( AVGO), up 6.9%.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments. Intel has a market cap of $117.1 billion and is part of the technology sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Intel a buy, 4 analysts rate it a sell, and 16 rate it a hold. TheStreet Ratings rates Intel 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, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.