Maxim Integrated Products Inc. (MXIM): 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.

Maxim Integrated Products ( MXIM) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Maxim Integrated Products fell $0.38 (-1.3%) to $29.48 on average volume. Throughout the day, 3,256,588 shares of Maxim Integrated Products exchanged hands as compared to its average daily volume of 3,307,300 shares. The stock ranged in price between $29.32-$30.13 after having opened the day at $30.00 as compared to the previous trading day's close of $29.86. Other companies within the Electronics industry that declined today were: Alliance Fiber Optic Products ( AFOP), down 22.4%, Peregrine Semiconductor ( PSMI), down 16.1%, GigOptix ( GIG), down 6.4% and Vitesse Semiconductor ( VTSS), down 6.2%.

Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. Maxim Integrated Products has a market cap of $8.6 billion and is part of the technology sector. The company has a P/E ratio of 21.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Maxim Integrated Products a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Maxim Integrated Products as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, ATMI ( ATMI), up 25.5%, Plug Power ( PLUG), up 15.1%, Integrated Device Technology ( IDTI), up 12.7% and Entegris ( ENTG), up 11.2% , were all gainers within the electronics industry with SolarCity ( SCTY) 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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