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

Micron Technology ( MU) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Micron Technology fell $0.69 (-3.2%) to $20.97 on average volume. Throughout the day, 34,495,878 shares of Micron Technology exchanged hands as compared to its average daily volume of 43,730,800 shares. The stock ranged in price between $20.90-$21.43 after having opened the day at $21.20 as compared to the previous trading day's close of $21.66. Other companies within the Electronics industry that declined today were: RF Industries ( RFIL), down 22.8%, ClearSign Combustion ( CLIR), down 6.6%, AMSC ( AMSC), down 5.8% and Advanced Photonix ( API), down 5.7%.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $23.0 billion and is part of the technology sector. Shares are down 0.4% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Micron Technology a buy, 3 analysts rate it a sell, and 8 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 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, SemiLEDs ( LEDS), up 25.0%, Pixelworks ( PXLW), up 22.0%, Plug Power ( PLUG), up 12.0% and Peregrine Semiconductor ( PSMI), up 8.1% , were all gainers within the electronics industry with Agilent Technologies ( A) being today's featured electronics industry leader.

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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