Garmin Ltd. (GRMN): 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.

Garmin ( GRMN) 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, Garmin fell $1.01 (-2.2%) to $44.52 on average volume. Throughout the day, 1,458,340 shares of Garmin exchanged hands as compared to its average daily volume of 1,073,900 shares. The stock ranged in price between $44.50-$45.67 after having opened the day at $45.54 as compared to the previous trading day's close of $45.53. Other companies within the Electronics industry that declined today were: MoSys ( MOSY), down 7.0%, Giga-tronics ( GIGA), down 5.2%, Advanced Photonix ( API), down 4.7% and LightPath Technologies ( LPTH), down 4.2%.

Garmin Ltd. is a worldwide provider of navigation, communications and information devices, most of which are enabled by global positioning system (GPS) technology. Garmin has a market cap of $8.8 billion and is part of the technology sector. Shares are down 2.3% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Garmin a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Garmin as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Supertex ( SUPX), up 35.1%, Plug Power ( PLUG), up 14.5%, Perceptron ( PRCP), up 11.3% and GT Advanced Technologies ( GTAT), up 9.3% , were all gainers within the electronics industry with First Solar ( FSLR) 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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