NVIDIA Corporation (NVDA): 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.

NVIDIA Corporation ( NVDA) 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, NVIDIA Corporation fell $0.26 (-1.4%) to $18.38 on average volume. Throughout the day, 6,922,329 shares of NVIDIA Corporation exchanged hands as compared to its average daily volume of 7,860,900 shares. The stock ranged in price between $18.35-$18.77 after having opened the day at $18.67 as compared to the previous trading day's close of $18.64. Other companies within the Electronics industry that declined today were: Orbit International ( ORBT), down 12.6%, Superconductor Technologies ( SCON), down 10.0%, Sigmatron International ( SGMA), down 7.2% and Altair Nanotechnologies ( ALTI), down 7.0%.

NVIDIA Corporation, a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. The company operates through two segments, GPU and Tegra Processors. NVIDIA Corporation has a market cap of $10.5 billion and is part of the technology sector. Shares are up 15.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate NVIDIA Corporation a buy, 2 analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates NVIDIA Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, 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, Pixelworks ( PXLW), up 87.5%, Digital Power Corporation ( DPW), up 41.7%, Hanwha SolarOne ( HSOL), up 12.4% and Yingli Green Energy Holding Company ( YGE), up 12.1% , were all gainers within the electronics industry with Texas Instruments ( TXN) 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.

If you liked this article you might like

TheStreet Podcast: Go Inside the Goldman Sachs Tech & Internet Conference

TheStreet Podcast: Go Inside the Goldman Sachs Tech & Internet Conference

Inside Goldman Tech Conference: Key Takeaways on Bitcoin, Ethereum and ICOs

Inside Goldman Tech Conference: Key Takeaways on Bitcoin, Ethereum and ICOs

How Jim Cramer Knew to Sell Just Before The Dow Jones Industrial Average Tanked

How Jim Cramer Knew to Sell Just Before The Dow Jones Industrial Average Tanked

Jim Cramer: These 4 Stocks Seem Attractive Right Here

Jim Cramer: These 4 Stocks Seem Attractive Right Here

Jim Cramer: Odd and Crazy Market Has Lost Its Mind

Jim Cramer: Odd and Crazy Market Has Lost Its Mind