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 down 0.3%. By the end of trading, Micron Technology fell $0.75 (-3.2%) to $22.38 on average volume. Throughout the day, 46,748,739 shares of Micron Technology exchanged hands as compared to its average daily volume of 39,700,000 shares. The stock ranged in price between $22.33-$23.28 after having opened the day at $22.90 as compared to the previous trading day's close of $23.13. Other companies within the Electronics industry that declined today were: LDK Solar Company ( LDK), down 9.2%, Trio-Tech International ( TRT), down 6.1%, Superconductor Technologies ( SCON), down 5.9% and Vicon Industries ( VII), down 5.8%.

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide. Micron Technology has a market cap of $24.8 billion and is part of the technology sector. The company has a P/E ratio of 13.7, below the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Micron Technology a buy, 3 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 robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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, Vimicro International Corporation ( VIMC), up 26.2%, Giga-tronics ( GIGA), up 19.8%, Maxwell Technologies ( MXWL), up 11.7% and Aetrium Incorporated ( ATRM), up 11.3% , were all gainers within the electronics industry with Corning ( GLW) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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